View more on these topics

Budget 12: Chancellor confirms the launch of long-dated gilts

The Chancellor has confirmed the Government is looking at issuing bonds with over 50 years maturity and perpetual gilts.

Speaking in today’s Budget, Osborne says: “The debt management office is looking at bonds with over 50 years maturity and perpetual gilts, which Britain last did six decades ago.”

Perpetuals bonds pay interest indefinitely, with the principal never being repaid.

Recommended

1

Court of Appeal rejects union CPI challenge

Six public sector trade unions have had a bid to reverse the Government’s decision to switch pensions indexation from RPI to CPI rejected by the Court of Appeal. The unions launched the legal challenge after the change to CPI indexation, which tends to be lower than RPI, was announced by Chancellor George Osborne (pictured) in […]

‘FTBs won’t be hit by MMR’

FSA chairman Adair Turner says the mortgage market review will affect first-time buyers the least. In its final MMR consultation paper, published in December, the FSA said the final proposals would affect 2.5 per cent of borrowers in subdued times and 11.3 per cent of borrowers in boom times. Giving evidence to MPs at the […]

4

Margaret Cole to join PwC

FSA conduct business unit managing director and former director of enforcement Margaret Cole is to join PricewaterhouseCoopers later this year. The Times reports that Cole, who announced she was leaving the FSA last month after nearly seven years with the regulator, will become the senior legal adviser at PwC’s British division and join the executive […]

Just 13 funds outperform each year of past decade, Lipper finds

About two-fifths of Europe’s actively-managed equity funds are able to beat their benchmark in any given year, according to research by Lipper. The Beating The Benchmark study, written by Ed Moisson, head of UK and cross-border research at Lipper, shows 42.8 per cent of Europe-domiciled actively-managed equity funds beat their benchmark in the average year. […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment