What is a conventional pension annuity?
A pension annuity (often referred to simply as an annuity) is a product purchased with the proceeds of a pension plan which pays a guaranteed, regular income for life. The income payable from this type of annuity is not linked …
What is quantitative easing?
Quantitative easing (QE) is the Bank of England’s scheme to boost the economy by buying government debt. Essentially the Bank of England creates new money and uses it to buy loans to the UK government (commonly known as gilts).…
What is a gilt?
A gilt is essentially a loan to the UK government. An investor in a gilt is essentially giving a loan to the UK government. Typical investors in gilts would include pension funds, banks & insurance companies.
There are many different …