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
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Economic Research
The week in markets: Markets stabilise but caution remains
17 Apr 2025
Following recent market turmoil, which saw the VIX (volatility) index reach one of its highest points this century, we saw a stabilisation in risk assets this week.
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Economic Research
The week in markets: Calm heads required amid continued volatility
11 Apr 2025
As tariff turbulence continues, we round-up what's happened in markets this week and how we are positioning portfolios.
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Fixed income
Bond Voyage: A journey into fixed income
4 Apr 2025
This month, our fixed income teams discuss the drivers behind emerging and developed market convergence, what the US hybrid boom has in store, the continued popularity of money-market funds, and the ups and downs of high yield.
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Equities
AI and beyond: Opportunities amid tech turbulence
3 Apr 2025
In the second of our global equity sector hub discussions, Josep Bori, technology sector hub lead, explains where the team is finding its strongest investment convictions in artificial intelligence and beyond.
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Economic Research
UK Spring Statement: What it means for markets and the economy
27 Mar 2025
Vasileios Gkionakis, senior economist and strategist at Aviva Investors, gives his initial reaction to the UK spring budget, outlining what it might mean for UK financial markets and sterling.
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Economic Research
2025 voting trends: Four themes to watch
17 Mar 2025
As AGM season gets under way, we look at the key trends that will shape resolutions and lay out our guiding principles for voting.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
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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.
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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.