Investment Perspectives - February 2025

A big-ticket item in January was formulating and submitting our response to the government’s ‘Fit for the Future’ consultation. In UK markets, we’ve been monitoring the rise in gilt yields and the effect on our clients’ portfolios. And further afield, we saw President Trump return to the White House for a second term.

As advisers to long-term investors, we’re taking a watchful stance without being unduly swayed by short-term market noise. 

Against this backdrop, we’ve collated a roster of articles that set the scene for the year ahead. Here’s what’s on the menu for our first Investment Perspectives of 2025:

• Elaine Torry sets out her six themes for DB private pension schemes, which include surplus management and targeted manager engagement.
• Alison Leslie considers how Long-Term Asset Funds might evolve, particularly in the private markets space, and shines a spotlight on the decumulation phase.
• David Walker shares a LGPS market outlook, exploring the priority themes for public sector funds in the 2025 valuation year (England and Wales).
• As responsible investing (RI) is embedded into our firm, each of our outlook articles includes RI themes for our investment clients to consider. Tashemia Glen explains our new RI Health Check service, designed to help clients gauge their level of RI integration.
• Sanjay Joshi explores the options for clients who want to invest with impact, from setting your ambitions to implementation.
• Chris Arcari presents his views on recent market movements and the outlook for each asset class.
• And finally, a fireside chat with former Senior Partner, John Dickson. After 22 years with us, John is retiring at the end of March. John’s dedication to Hymans Robertson has played a central role in leading our firm to where we are today.

Read the full edition

We hope you enjoy reading our insights. If you have any questions or would like to discuss anything further, please get in touch.

This communication has been compiled by Hymans Robertson LLP based upon our understanding of the state of affairs at the time of publication. It is not a definitive analysis of the subjects covered, nor is it specific to the circumstances of any person, scheme or organisation. It is not advice, and should not be considered a substitute for advice specific to individual circumstances. Where the subject matter involves legal issues you may wish to take legal advice. Hymans Robertson LLP accepts no liability for errors or omissions or reliance upon any statement or opinion.