Is there life for bonds after annuities?

British Chancellor of the Exchequer, George Osborne, poses with his budget box in Downing street this morning ahead of the budget today.
©Charlie Bibby/FT

UK abolition of forced annuitisation likely to have large impact

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British Chancellor of the Exchequer, George Osborne, poses with his budget box in Downing street this morning ahead of the budget today. ©Charlie Bibby/FT
The UK’s abolition of forced annuitisation is likely to have a large impact on fixed income
A Stradivarius violin is pictured at the restoration and research laboratory of the Musee de la Musique in Paris, on December 3, 2009. For centuries, historians of music, instrument makers and chemists have been trying to decipher how Antonio Stradivari, working in the small Italian town of Cremona three centuries ago, was able to make violins whose acoustic qualities have never been surpassed. According to a French-German study published on December 4, 2009, on five violins stored at the Musee de la Musique (Cité de la Musique), the varnish applied on the violins had red pigments added. AFP PHOTO PATRICK KOVARIK (Photo credit should read PATRICK KOVARIK/AFP/Getty Images) ©AFP
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