Our approach
We are focused on delivering the outcomes that matter to our clients. Our wide range of investment solutions cater for differing risk tolerance levels, targeted returns, liabilities and time horizons. We understand that no two pensions schemes are the same and build bespoke solutions appropriately. Our clients include corporate and local authority pension schemes, both defined benefit and defined contribution schemes.
Partnership
By listening to your aspirations and understanding the challenges you face, our expertise and experience can help you arrive at the optimal solution.
Transparency
Trust and transparency go hand in hand. Only by being fully open and transparent with you are we able to meet your needs and build a lasting relationship.
Informed risk, effectively managed
We manage risk with discipline and rigour. By combining our extensive experience, informed through our established insurance heritage, with unique insights we embed risk management throughout the investment process.
Defined contribution pensions in focus
Decision makers at defined-contribution pension schemes share their views on asset allocation, sustainability and risk in their real asset investments.

Defined-benefit pension schemes in focus
Decision makers at defined-benefit pension schemes share their views on asset allocation, sustainability and risk in their real asset investments.

Capabilities
A diverse range of strategies designed to meet long-term investment needs.
Key risks
For further information on the risks and risk profiles of individuals strategies, please refer to the relevant documentation.
Investment risk
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
Iliquidity risk
Alternative Income assets are significantly less liquid than assets traded on public markets. Where funds are invested in infrastructure/real estate, investors may not be able to switch or cash in an investment when they want because infrastructure may not always be readily saleable. If this is the case, we may defer a request to redeem the investment.
Credit risk
Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.
Real estate risk
Investors should bear in mind that the valuation of real estate/infrastructure is generally a matter of valuers’ opinion rather than fact.
Team

Steven Gardner
Head of Institutional (EMEA)

Heather Brown
Client Solutions Director

Joachim Sudre
Client Solutions Director

Charlotte Heale
Client Solutions Associate
Need more information?
For further information, please contact our investment sales team.
Our views
-
Fixed income
Bond Voyage: A journey into fixed income
10 Mar 2025
This month, our fixed income teams discuss the boom in hybrid issuance and weigh up the risks and opportunities of potential tariffs, interest rate moves and fiscal dynamics.
-
Fixed income
Bond investing: Five things to know about bonds
7 Mar 2025
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond markets.
-
Equities
Mix and match: The questions and charts that matter to multi-asset investors
24 Feb 2025
Are global equities as diversified as they seem? Can bonds offer reliable protection? Do alternatives enhance the risk-return profile? In this article, we examine these questions and what they mean for investors navigating today’s complex market.
-
Liquidity
Finding yield as rates fall: A guide for local authority cash managers
20 Feb 2025
In a declining rate environment, it is more important than ever to ensure cash is working as hard as possible to generate the income local authorities need from their cash investments.
-
Economic Research
Transition finance: How the UK can lead as transition finance reshapes investing and economies
18 Feb 2025
As a member of the UK’s newly formed Transition Finance Council, Mark Versey explains why and how a transition finance lens can transform investing.
-
Real Assets
Private debt for DC pensions: The multi-sector opportunity
11 Feb 2025
As the search for better retirement outcomes for the 28 million members of the UK’s defined contribution (DC) pension schemes continues, where are the opportunities for DC investors in private debt and how can they be harnessed?
-
Fixed income
Bond Voyage: A journey into fixed income
10 Feb 2025
As we negotiate an uncertain landscape, our fixed income teams reflect on potential sources of resilience.
-
Fixed income
The cash conundrum: Five things to know about cash, saving and investing
7 Feb 2025
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
-
Real Assets
Relative value in private markets: Positive but selective
29 Jan 2025
Using proprietary data, our private markets research team compares risk and return across sectors.
-
Economic Research
Decarbonising buildings: Five barriers and how to overcome them
28 Jan 2025
The built environment generates almost two-fifths of global emissions, but decarbonising the sector will require a coordinated effort. We brought together experts across the value chain to discuss shared challenges and solutions.
-
Real Assets
Illiquidity premia in private debt: Q4 2024
27 Jan 2025
In our latest private markets deep dive, our research team crunches the data to see how evolving macroeconomic conditions are reflected in private debt returns.
-
Fixed income
Can credit hold firm in 2025? The outlook for investment grade credit and climate transition
24 Jan 2025
Credit spreads remained largely immune to turbulence in 2024 despite concerns for a reacceleration in inflation, an unprecedented scale of global elections and volatility on economic data and changing rate cut expectations. Where to in 2025?
-
Responsible Investing
Infrastructure debt in 2025: Investor research and discipline are key to unlocking value in the sector
23 Jan 2025
European infrastructure debt issuance should pick up as governments look to stimulate their economies and support the energy transition. But with banks keen to fund some of the best opportunities, investors need to maintain their discipline.
-
Fixed income
Liquidity outlook for 2025: Credit, yield, regulation, positioning – what to expect for the year ahead
22 Jan 2025
The conditions for investing in liquidity look broadly favourable for 2025, but that’s not to say it will be plain sailing.
-
Multi-asset allocation
Five big trends to watch in 2025: Trade, tech and tensions to shape the year ahead
17 Jan 2025
From AI breakthroughs to rising risks of trade wars and energy crunches, 2025 is shaping up to be a year of big shifts. Here are five key trends every investor needs to watch to stay ahead of the curve.
-
Fixed income
Bond Voyage: A journey into fixed income
13 Jan 2025
With a new US president poised to take office, central banks diverging and ongoing political uncertainty, how are the key fixed income asset classes positioned for the year ahead?