Dividends: a step change in focus

Natasha Browne asks whether dividends or capital growth are more important to pension funds

clock

Many defined benefit (DB) pension schemes are entering a different cash flow phase whereby the balance of importance between dividends and capital growth is changing.

Historically, schemes have harnessed capital growth to maximise their future returns, but as the need for more immediate return grows, dividends have a new role to play. Buck Global Investment ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Diversification benefits of US securitised credit

Partner Insight: Diversification benefits of US securitised credit

Securitised assets in the US offer diversification benefits in a marketplace that, following post-financial crisis regulation, offers attractive yields for its high-quality nature writes the Columbia Threadneedle Structured Assets team.

Jason Callan, Ryan Osborn and Luke Copley at Columbia Threadneedle Investments
clock 11 December 2025 • 8 min read
Northern LGPS and LPPI acquire 5,000-home portfolio in £1.1bn deal with PRS REIT

Northern LGPS and LPPI acquire 5,000-home portfolio in £1.1bn deal with PRS REIT

Joint venture aims to grow the portfolio by more than 15,000 homes over the next decade

Jonathan Stapleton
clock 10 December 2025 • 2 min read
Partner Insight: Paris Agreement - A reflection on net zero 10 years on

Partner Insight: Paris Agreement - A reflection on net zero 10 years on

As COP30 is under way, we are reflecting on the progress the world is making towards net zero, a decade since the Paris Agreement was adopted.

Carlota Garcia-Manas, Head of Climate Transition and ESG Engagement @ Royal London Asset Management
clock 09 December 2025 • 3 min read
Trustpilot