Private credit recently hit the headlines for all the wrong reasons due to the collapse of First Brands and Tricolor. But these are not typical...
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UK defined benefit (DB) schemes are entering a new phase marked by improved funding levels yet increasingly negative cash flows as they shift from accumulation to decumulation. This brings new investment and operational challenges.
Success in this phase requires forward planning, simplified asset allocations, and better integration across investments and operations to ensure a stable and well-managed transition, supported by the right internal skillsets.
Read more in our new ‘Expert Investor’ paper below:

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Brightwell has been recognised as one of the UK’s Best Workplaces for Wellbeing™ 2026, ranking in the top 50 for large companies.
Find out more about “Brightwell reaccredited to Great Place To Work for 26/27”28/10/2026
In this special live edition of Pensions Unpacked, Georgie Frost is joined by Sir David Lidington, Kir Nuthi, Head of AI and Data Policy at tech UK, and Wyn Francis, Chief Investment Officer at Brightwell. In this episode we also touch on Count Binface, the possibility of a general election before the year is out and whether pensions dashboards could give the sector a ‘Martin Lewis’ moment.
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