Regulatory authorities responsible for the £1.5 trillion UK pensions sector, which almost imploded last week, have been holding daily talks with asset managers to stave off a fresh crisis when an emergency Bank of England bond-buying program ends next week.
There are concerns that when the Bank of England withdraws its support a bond sell-off will resume, causing yields to rise and putting more pressure on defined-benefit pension funds.
LDI selling forces BoE to intervene in Gilt market ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.
LDI selling forces BoE to intervene in gilt market ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.