NAPF stands behind government strategy

Pensions regulator believes government strategies to issue more long-dated gilts will benefit industry threefolds

The National Association of Pension Funds (NAPF) has backed the UK Government's strategy to issue more long-dated indexed-linked gilts and calls for a range of distribution methods to be available to help meet pension funds' needs. The NAPF says issuing more long-dated gilts will achieve three objectives. It says the government will obtain access to funding at low rates of interest - lower than those available at shorter durations. At the same time, it says institutions such as pension funds and insurance companies will benefit from greater availability of a strategic asset and reduce...