The money machine
How a gilt rout made Britain's pension schemes rich
Gilt yields rise, so the promises in company pension schemes are worth less today, so schemes that were short of money are now sitting on a surplus of nearly £281bn, and the insurers who take those promises on get paid to do it.
The money machine is a daily explainer of cause and effect in money: how one thing moving — a price, a rate, a rule — moves the next. Researched with AI, written and checked by Michael Rossi. It never names an investment.
← Back to StreetOwl