Our Institutional Offering

Global scale & market access
Our scale and specialist expertise across a broad spectrum of fixed income strategies enables us to offer outcome-oriented, resilient solutions in line with client needs.

Whether a client is seeking attractive yields, to enhance portfolio diversification or generate sustainable and predictable cashflows, our investment professionals draw on extensive credit and macroeconomic research, our top-tier fixed income and derivatives trading capabilities and robust risk management tools.

Forward looking ESG analysis helps build resilient portfolios
Integral to our core fixed income investment processes, we believe that ESG factor analysis, together with active issuer engagement, broadens our opportunity set, is critical to effective risk management and leads to more resilient and sustainable outcomes for clients.

A sustainable and resilient core holding for long-term investors and savers

Our Buy and Maintain credit strategies actively seek to enhance the returns from the investment grade credit market over the longer term via intelligently constructed and highly diversified portfolios. We aim to maximise value by monitoring and mitigating against costs from turnover and transactions. 

As market leaders in bond investing, we have partnered with insurance and pension fund clients for over two decades to develop innovative, outcome-oriented investment solutions to meet their evolving financial, regulatory and stakeholder needs.

The full breadth of our credit investing and trading expertise, along with our leading sustainable investing capabilities and state of the art tools, are used to design and construct portfolios that help you achieve your targeted investment outcomes sustainably.  

Why Cashflow Driven Investing (CDI)? 
Cashflow negativity, where the pension money coming in from workers is below the level of money paid out to retirees, is a growing challenge. Together with decreasing liquidity in credit markets, rising transaction costs and regulatory changes, schemes face an increasingly difficult task to ensure they can meet all of their pension liabilities efficiently.

CDI is a long-term approach that seeks to help schemes increase their ability to meet their future cashflow requirements and their funding objectives.

A long-term partnership approach
Built on a strong understanding of the needs of maturing schemes, our CDI framework is designed as an intelligent, cost-effective way to help secure members’ benefits – a flexible and transparent approach, which aims to ensure capital preservation, predictability of cashflows and maximised credit returns.

We recognise that each scheme is unique, and so partner with our clients and their advisers to develop solutions which align to the scheme’s specific position and aims, while retaining the flexibility to adapt to market conditions and future changes in scheme objectives.

Insurers face a unique and increasingly complex set of investment challenges – from generating enough return on their assets to meet their future liabilities, through economic, regulatory and accounting constraints, to meeting the needs and expectations of a broad range of stakeholders – both now and for the decades to come. 

Our scale and deep understanding of these complex challenges enables us to offer investment solutions that cover the full investment spectrum from traditional to alternative assets, providing investment plans, deployment and portfolio management, whilst integrating multi-dimensional constraints and frameworks.

Key elements of our insurance solutions and services include: 

• Yield enhancing strategies
• Capital efficiency modelling
• Optimising risk/return outcomes
• Outsourced balance sheet management
• Asset liability management (ALM)
• Strategic and tactical asset allocation (SAA/TAA)
• Product range innovation
• Support in developing environmental, social and governance (ESG) and responsible investing approaches
• Insurance-specific reporting 

Being part of one of the world’s largest insurance groups means we work with a variety of insurance companies in terms of size, business line - Property & Casualty, Reinsurance, Life and Health Insurance – geographies and differing jurisdictions. All are supported by dedicated insurance solutions specialists with extensive insurance investing, actuarial, risk management and reporting expertise¹ .