Desperately seeking corporates

As eurozone pension reform gets underway, corporate bonds are urgently required. But, asks Laurence Neville , where will that issuance come from? As the growth of euro pension funds under management accelerates, the corporate bond market is struggling to offer enough depth and diversity.

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Fasten your seatbelts: analysts believe up to €8 trillion in new eurozone pension assets could be created in the next decade, and fixed-income instruments, most from the corporate sector, could make up as much as €4 trillion of them.

These figures are, of course, speculative but they indicate the wave of change sweeping the European pensions sector. Academics have long bemoaned the lack of progress in making adequate provision for massive numbers of soon-to-be pensionable baby-boomers. However

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