All Regulation articles
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BlogThe myth of the neutral pension fund
Opponents of a more sustainable Dutch pension sector are creating a false dichotomy between financial and sustainability objectives. This division rests on an outdated view of financial value creation – one that fails to recognise today’s reality: sustainability is an essential part of a pension fund’s fiduciary duty. The truth is also that a growing number of pension funds and their participants understand and embrace this shift.
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White papersM&G London Climate Action Week Event
At London Climate Action Week 2026, M&G Investments convened institutional investors, consultants and regulators to discuss climate implementation. Participants emphasised pragmatic execution over target-setting, tailored approaches to climate objectives, the growing importance of physical climate risk and adaptation, and balancing fiduciary responsibilities with long-term climate ambitions in an increasingly fragmented transition.
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White papersPension trends in Asia: Beyond Accumulation
Asia’s diverse populations face a common challenge; how to tackle the continent’s retirement question. Longer life expectancies and demographic shifts raise concerns about the financial sustainability of Asia’s pension systems and what measures can be taken to address the coverage gap. It is against this backdrop that Amundi carried out research into pension provision in five Asian markets.
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White papersPatience required: The Fed holds as inflation lingers
The Federal Reserve held rates steady in June but sent a clear hawkish signal, with nearly half of committee members now projecting a rate hike this year. Nuveen’s latest macro update breaks down what the Fed’s shift means for growth, inflation, and your clients’ portfolios, including where we see compelling opportunities in non-U.S. equities, small caps, municipal bonds, and senior loans. With markets at a pivotal moment, explore the full report to understand what the changing rate landscape could mean for portfolio positioning going forward.
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White papersDC Value for Money: 12 Steps to Better Member Outcomes
For ambitious regulation to succeed, objective metrics are needed to sharpen accountability.
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White papersEfficiency at altitude
Relying solely on sustainable aviation fuel won’t deliver the airline sector’s climate goals. Hannah Heuser and Kenny Tsang outline other practical steps that airlines can take to reduce emissions and improve profitability.
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White papersMitigating AI risks to children
Artificial intelligence is being rolled out at pace, but regulators are one step behind. Children and young people are among the most vulnerable users of this new technology. Ross Teverson and Navishka Pandit outline the key risks, and ways to mitigate them.
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White papersPension Funds Letter 26 - Funding autonomy & accelerating reform in a ruptured world
While the world faces another international geopolitical crisis, the global Economy is moving through a structural shift. The many, continued ruptures we are seeing in trade and policy coordination, together with the fragmented approaches to the Energy transition and AI deployment, have led to persistent volatility. Volatility has become embedded in this new regime. Rupture has become the system.
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White papersEurope’s pension transition: from retirement challenge to capital-market opportunity
Europe’s pension systems are undergoing a structural change. Demographic ageing, tighter public finances and the evolution of retirement provision are reshaping the way pensions are financed and how savings are allocated. What is emerging is not only a pension challenge, but also a significant opportunity: as Europe adapts its retirement systems, it can mobilise more long-term capital to support investment, productivity and competitiveness.
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White papersFrom punitive to proportionate: Solvency II reforms explained
Regulatory change rarely creates opportunity this quickly, but the July 2025 Solvency II reforms may be the exception. For European insurers that have avoided securitised credit for over a decade due to punitive capital treatment, the landscape is shifting in a meaningful way. With the U.S. securitised market offering immediate scale, compelling spreads, and decades of resilience data, the case for acting early is strong. Download the full paper to explore the investment thesis and what it means for portfolio construction today.
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White papersThe Fed under pressure: Politics, power and the future of monetary policy
Before the war in Iran erupted, markets were occupied with the likely impact of Trump’s appointment of a potentially dovish loyalist as the new Chair of the Federal Reserve (Fed). While this conversation has faded somewhat into the background, it is arguably as important as ever.
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White papersHouse Budget Bill Signals Higher US Deficit Trajectory
Proposed tax-cut extensions and higher debt costs could amplify fiscal concern.
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White papersPension Funds Letter 23 - Bridging the gaps to pension and climate resilience
Warnings over a looming pension crisis occur with increasing regularity. Global populations are not only ageing, they are also shrinking in many regions. The number of workers is declining in Europe and parts of Asia, living costs are rising and wages are stagnating. Set against a backdrop of extraordinary global uncertainty, this demographic transition is putting pressure on retirement systems around the globe.
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White papersEquity sectors: a mix of Growth and Value to navigate the challenges ahead
We see three themes shaping sector returns in the coming decade. Artificial intelligence (AI) will support the Information Technology (IT) sector followed by Healthcare, but it is due to extend to others as well. Regarding climate change and geopolitical dynamics, capital expenditure (Capex) will play a more important role than consumption, benefitting Industrials more than the Consumer Staples and Discretionary sectors. Finally, policies supporting deregulation should improve capital efficiency and shareholder returns, to the benefit of Financials.
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White papersMerger Arbitrage: The Stars Could Be Aligning
There’s a shift underway in the mergers and acquisitions (M&A) market. The headwinds of rising rates, price volatility and increased global regulatory scrutiny appear to be fading—and market sentiment is getting brighter.
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White papersNavigating 2025: The Intersection of Sustainability and Pragmatism
How political trends could shape policy decisions and regulatory frameworks this year
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VideoMarket Outlook for 2025: Gauging the Global Effects of New US Policies
For a deeper dive into these topics, read Fixed-Income Outlook 2025: Fertile Ground, and Equity Outlook: Preparing for Profound Policy-Driven Change.
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White papersStewardship: a coming of age
Increased oversight of sustainable investing may help combat greenwashing – but regulators will need to be aware of unintended consequences.
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White papersEuro clearing – a balancing act
For the European Pension Fund community, 2023 brings about important changes as the European Commission sets out its position on the future of euro derivatives clearing activity within the EU, and the PSA mandatory clearing exemption comes to an end in June.
