- Save article
NewsUniversities fund proposes cutting contribution rate to 16.4% after funding improves
USS’s improved funding position opens consultation on lower contributions while prompting debate over scheme’s long-term direction
- Save article
NewsUK targets first digital gilt issuance by early 2027
Central bank will work to make DIGIT eligible as collateral in its market operations
- Save article
NewsIndustry presses Pensions Commission for ambitious auto-enrolment reforms
Industry bodies urge phased auto-enrolment reforms, higher contributions and broader coverage to improve long-term retirement adequacy
- Save article
NewsIceland’s pension fund investment rules shift to prudent-person principle
Pension funds gain more flexibility under the law to invest in unlisted companies, infrastructure
White papersPrivate credit is not one market: why European allocators need a more precise lens
Private credit has moved from a niche allocation to a structural component of European institutional portfolios. Over the past 15 years, the global market has more than tripled in size, far outpacing the growth of the public credit universe.
White papersWhy value can never go out of style in high yield
There is an unappealing paradox at the heart of investing in line with a bond index: the more indebted an issuer, the larger its place in the benchmark. The largest 20% of issuers account for close to 60% of the ICE BofA Global High Yield Index, for instance.¹
White papersBuilding unexpected bridges in high yield
The active-passive debate has long been framed as a contest between competing investment philosophies. In equities, the distinction is familiar: passive delivers low-cost market exposure, while active promises the possibility of outperformance through stock selection.
White papersWhere differentiation still drives returns
European mid-market real estate lending is no longer an immature or lightly competed market. It is well developed, highly intermediated and, in some respects, mature.
- Save article
NewsRegulatory roadmap aims to steer UK pensions through reforms
The Pensions Regulator’s five-year strategy focuses on sustainable income in retirement
- Save article
NewsPensions regulator data shows modest private markets allocations across UK master trusts
Most UK master trusts have private market exposure, but few allocate more than 5% of default assets
- Save article
NewsUK government proposes phased implementation of Value for Money framework
Master trusts and large schemes will undergo first VfM assessment in 2028, with smaller schemes to follow in 2029
- Save article
NewsMetzler targets Germany’s emerging pension buyout market
Germany’s emerging pension buyout market is attracting new entrants with competing approaches to de-risking liabilities
White papersShifts, myths and monoliths: A clearer view on private debt
Private debt has come under increased scrutiny in recent months. But attention has focused on a relatively small corner of a vast and varied asset class. Here, we set out some of the biggest myths surrounding private debt and explain why the evidence does not support them.
White papersA unique market moment and the case for active judgement
We are living through an extraordinary market environment. The level of concentration in many equity benchmarks has increased significantly.
- Save article
NewsUK government launches consultation process on £25bn DC scale rules
Department for Work and Pensions seeks industry feedback on implementing £25bn DC scale requirements before consulting on detailed regulations in 2027
- Save article
NewsSwiss pension funds reassess equity allocations as concentration risks mount
Consultants see Swiss pension funds refining equity allocations as concentration risks climb and rates remain low
- Save article
NewsUK outlines roadmap for DC assessments, scale reforms and DB changes
Government confirms timelines for DC value-for-money assessments, consolidation reforms, guided retirement and DB surplus measures
- Save article
Opinion PiecesDo not weaken Europe’s carbon market just when it starts to matter most
PGGM’s Lars Dijkstra and Andres van der Linden set out recommendations for upcoming EU Emissions Trading System review in the face of potentially damaging lobbying
VideoSearching for Gold: Capital Preservation in the Next Phase of Private Credit
A few years ago, CRE borrowers had limited options. Today, liquidity has returned, price discovery is real, and both borrowers and lenders have a much broader range of opportunities. In this short clip, Justin Pinckney, CFA, Head of Private Debt at AEW, shares what defines a healthy CRE capital markets ...
VideoHow Geopolitical Shocks are Reshaping Conviction Across APAC Real Estate
A new set of crosscurrents is reshaping near-term deployment into Asia Pacific real estate. Yet, structural demand in key sectors and broadly constrained supply continue to underpin longer-term conviction.




