Gilt markets will escape unscathed from the abolition of compulsory annuitisation due to the small impact the policy change will have on bulk and individual annuity sales, experts forecast.
A projected £1.3bn decrease in the £12bn annuity sales market caused by the abolition of compulsory annuity purchases would cause a £0.65bn sell-off of long gilts, where half of the market is held ...
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