We asked experts across three of our investment firms about the key themes that could be shaping the economy in the second half of 2025 and how they believe their asset classes may fare.

Discover how natural income can support your clients' retirement plans, helping them keep more pounds in their pockets with ease. This article was originally published in IFA Magazine and authored by Sue Whitbread.

Richard Parkin, Head of UK Retirement at BNY Investments, explains how a structured Natural Income strategy, like BNY’s Multi-Asset Income Fund, provides a modern, reliable solution for retirement income that supports advisers in delivering sustainable, predictable outcomes amid changing client needs and regulatory expectations. This article was originally published in IFA Magazine and authored by Sue Whitbread.

Decumulation in retirement has been described as “the nastiest, hardest, problem in finance”* . This may be true, but it is also one of the most interesting and important. Retirement assets account for around 60% of assets under advice** and are expected to grow further as the next generation of retirees become more reliant on invested solutions to support retirement income. With defined contribution pension assets expected to be nearing £1 trillion by 2030*** , the demand for support in turning those savings to income can only grow. So how do we generate what clients will need to sustain income in retirement?

Newton head of mixed assets investment, Paul Flood, discusses the confluence of macroeconomic factors leading the multi-asset team to look outside the US for investment opportunities.

It’s been a tricky couple of years for parts of the alternatives sector. Higher interest rates saw capital flow towards the bond market instead, while many pension funds offloaded alternatives as they de-risked portfolios. But is now a better environment for real assets? Newton head of mixed assets investment, Paul Flood, discusses.