21 October 2026
5 min
For pension schemes choosing to run on, the potential value can be significant. But realising that value requires trustees and sponsors to make clear decisions about their objectives, timescales and approach to surplus.
In our latest Excellence in Endgames article, we explore the pivotal questions schemes should consider when developing their investment strategy.
The article looks at how trustees and sponsors can agree their objectives and ‘value horizon’, determine an appropriate target return and build an investment strategy that reflects their circumstances. It also considers practical decisions around private markets, hedging, surplus release and changing market conditions.
To explore the questions that can help you set a run-on investment strategy with confidence, read our article here:
You can also explore our Excellence in Endgames insights hub for further commentary, research and practical guidance on the issues shaping the endgame landscape.
If you have any questions or would like to discuss your scheme’s investment strategy, please get in touch.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. It contains confidential information belonging to Hymans Robertson LLP (HR) and should not be disclosed to any third party without prior consent from HR, except as required by law. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
Please note the value of investments, and income from them, may fall as well as rise. This includes but is not limited to equities, government or corporate bonds, derivatives, and property, whether held directly or in a pooled or collective investment vehicle. Further, investments in developing or emerging markets may be more volatile and less marketable than in mature markets. Exchange rates may also affect the value of investments. As a result, an investor may not get back the full amount of the original investment. Past performance is not necessarily a guide to future performance.
Hymans Robertson LLP is a limited liability partnership registered in England and Wales with registered number OC310282. Authorised and regulated by the Financial Conduct Authority and licensed by the Institute and Faculty of Actuaries for a range of investment business activities. © Hymans Robertson LLP 2026. All rights reserved.
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