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So important for Schroders to be part of this crucial Financial Times debate - 'How to reboot Britain's capital markets' - https://shorturl.at/MtqSv. Peter Harrison, Schroders Group Chief Executive, said: "The amount of money which is flowing into people's savings is nothing like sufficient to provide for them in retirement. But even when it gets into their pension pots it's then directed to low returning assets that are low risk." #investment #london #capitalmarkets #pensions #economicgrowth

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We take a break from IPOs in this week's ECM Pulse to take a look at the blocks market. There are some big trades in familiar names expected as well as a resumption of several government privatisation schemes for investors to sink their teeth into. But the buy side are warning that they are losing patience with some deal practices. Read all in this week's ECM Pulse.

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The volume of pulled real estate deals in the UK has soared to a new high. Samantha McClary digs into the latest MSCI Real Assets data for EG. https://lnkd.in/ebPqKUhn

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‘ …a thinning of an already-small group of female leaders in the funds industry.’ My colleague Chris Sloley has pulled out some illuminating statistics on the shrinking number of women CEOs in asset management. Unfortunate timing for the companies involved? Maybe, but then where are the new female fund bosses? #citywireselector #womeninfundmanagement #assetmanagement

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The UK cannot regulate its way to being a transition finance superpower without also putting policies in place to grow investment opportunities, respondents to the Transition Finance Market Review have said. Among the respondents was the PRI, which said that regulation alone “is unlikely to mobilise the required capital on transition finance", while one bank told us that "transition finance discussions often wrongly focus largely on defining and measuring transition finance. But if it doesn’t make commercial sense for a company to transition, then there is no transition activity to finance". Firms and industry bodies were also less than keen on a prescriptive transition taxonomy, warning that the fluid nature of transition investments makes for a difficult classification system. https://lnkd.in/e7ctwxFj

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🚀 For Morningstar's Michael Born UK Small and Mid Caps will soar! 📈 With low equity valuations, increased consumer confidence, and lower inflation, quote-on-quote "boring" industries are outshining the crown jewels of the UK stock market 👑 #Investing #UKStocks #MorningstarInsights #SmallCaps #MidCaps #UK #UKeconomy #Finance #Investments #Shares https://lnkd.in/ejVeZ-iu

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While the intent of the new UK Isa is laudable, says Quilter CEO Steven Levin, it does little to address the underlying issues or spark a true investment revolution. Read the full article from Money Marketing below. #Isa #Investments #Savings https://lnkd.in/e-u9Ykyw

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The main problem for investing in the #UK has been political instability - how will this change with the election of a Labour administration? My Professional Wealth Management (PWM) colleague Ali Al-Enazi speaks to Iain Tait of London & Capital Wealth Management, Yazmin Boden of GSB and Matt Braithwaite about post-election market prospects and the dilemma facing wealthy families: do we stay in #London under #Labour, or join our mates in #Italy, #Portugal and #Dubai, who have been steadily vacating #Brexit Britain under #Tory rule https://lnkd.in/eYvQxhvN

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Check out the ICIS coverage on the UK parties' plans for energy and their possible impact on the markets. 🗳 #ICIS #energy #power #hydrogen #UK #politics #manifesto #UKgeneralelection #vote #NetZero #generalelection #electionday

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SCOOP with Michael O'Dwyer: Schroders has kicked off a search for a successor to its chief executive Peter Harrison, who is preparing to step down as the boss of the UK’s largest #assetmanager after eight years. The £750.6bn FTSE 100 group, whose founding family is its largest shareholder, has hired headhunters at Russell Reynolds Associates to work on “a full and extensive global search”, with succession expected to take place in 2025. Harrison has sought to offset the decline of Schroders's traditional business by pushing into faster-growing areas such as #privatemarkets, #wealthmanagement and in its business line that offers outsourced chief investment officers and liability-driven investing to #pensionfunds. But he has had to contend several headwinds: the rise of cheaper passive investing, a shift in investor demand from public to private markets, and a multi-decade shift by UK pension funds away from holding shares in their local market.

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Recent insights from Huw Jones at Thomson Reuters discussing the notion that high-polluting businesses should not be barred from accessing financing for transitioning to net zero caught my attention. The UK's Transition Finance Market Review underscores a critical point: for a net zero economy by 2050, even the highest emitters must be part of the conversation, provided they present 'credible' plans to clean up their operations. I'm particularly interested in the dialogue this opens up within the financial services community. How can we, as communicators, ensure that these transition plans are not only credible but also clearly articulated and accessible to all stakeholders? #transitionfinance #netzero #sustainablefinance

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In the second article in the Q1 Public Engagement Report from EOS at Federated Hermes, engager Ross Teverson explains how we have evolved our credit engagement approach as the size of the #sustainable bond market has grown. #ESG #climatechange #stewardship #greenbonds https://bit.ly/4aa1GOk

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It's been feast or famine when it comes to reporting on interest rates for what feels like the past 20 years. Interest rates crashed from 5.25% to just 0.5% between March 2008 and March 2009. The economy was in turmoil and the Bank of England was desperately trying to bail out the ship, slashing rates by as much as 150 basis points a month. We all thought it was a short-term measure. Then, after a mere 15 years where rates didn't move by more than 0.25 percentage points up or down for entire years, rates rocketed from 0.1% back up to 5.25% in 14 meetings. Fast forward to spring 2024 and people have been predicting that rates are about to tumble back down again to "sustainable" levels since Christmas. They say history doesn’t repeat itself, but it does echo. The main question seems to be whether the echo that’s heard now will be of the expectation of rapid change to never arrive, because what everyone thought of as 'normal' has - in fact - fundamentally changed, or that the Bank has waited too long and a rate-slashing frenzy is on the way.

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MDBs are under pressure to maximise their lending capacity and attract the private sector to help finance it. Two strategies have emerged for raising additional capital from hybrid securities without affecting treasured Triple A ratings https://lnkd.in/eJyKDsd2

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Had a really interesting chat with Legal & General Investment Management (LGIM)'s Michael Marks about the exec pay and UK listings debate and the key issues the fund group has on its radar heading into AGM season. #AGM #ESG #assetmanagement https://lnkd.in/e8TUUwA9

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How Labour government can do ‘Just enough for the City’ and work closely with EU on #ESG, data and protecting #Ukraine. Read my take in Professional Wealth Management (PWM), with commentary from Sharmila Whelan, Amundi and Graham Hook of Invesco EMEA https://lnkd.in/ebdGGuK4

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WE'RE HIRING! We have an exciting new opportunity covering the global #pensions industry from London at the Financial Times. This is a beat that involves getting under the skin of some of the world’s largest investment institutions at a time of upheaval. Pension funds are facing a subdued outlook for investment returns and as average life expectancy increases, pensions have become a defining political issue across the world. We are looking for stories on how global pension funds are investing their money, how they interact with policymakers, and how they are responding to changing demographics. The UK’s own pension fund industry is still reeling from the fallout from the disastrous mini-Budget, while reforms are under way to improve investment returns and better support the country’s stock market.

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Hear @Rathbones Group Plc’s view on the principles of long-term investing, through the lens of UK equities, in our upcoming webinar on 2 July, 12.00 – 12.30pm. Our experts will also review the key themes shaping the investment outlook throughout the remainder of 2024. Find out more and register via the link below. #InvestmentInsights #Markets #Investors

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And off the back of our webinar from this week, experts say switch to using overnight swaps to meet T+1 deadines could be “problematic” for #FX dealers and lead to wider spreads, writes Cole Lipsky https://lnkd.in/eDwJbs6i

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