Institutional Investors

UK pension funds to raise liability matching as equities lose favour


The UK institutional investment market should continue to expand over at least the next decade or two, but changing product demand will fundamentally shake up the source of revenues for asset managers, says the latest UK Investment Management Study by Greenwich Associates.

The study talks of the death of equities and the growth of liability matching assets. “Over the next 10 to 15 years, the story is not that opportunities will dry up for asset managers in defined benefit, it’s that the opportunity set will shift as the market matures,” said Greenwich Associates consultant Marc Haynes.

While the