Comment: Look beyond gilts to cut deficits

John Redwood on ever falling gilt yields

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Last year was not a good year for UK pension deficits. Many pension trusts experienced a dull year at best for investment returns, with many pension funds losing money overall.

Meanwhile the unthinkable happened, and gilt yields fell still more. As the gilt yield is an important variable in the measurement of pension fund liabilities this on its own increased deficits sub...

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