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Webcast

The implications of U.S. tariffs on U.K. pensions

May 29, 2025

In this webcast, our Investments and Retirement experts discuss the implications of U.S. tariffs on U.K. pensions, addressing the most pressing topics.
Retirement|Investments
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Global uncertainty has increased significantly since President Trump began his second non-consecutive term in January. This reached a crescendo in early April as the world reacted to President Trump's "Liberation Day," which introduced a new wave of tariff plans. The next day, global equity markets experienced significant declines, marking the worst single-day performance since the COVID-19 pandemic. Since then, market volatility has continued despite a 90-day pause on most tariffs.

How are U.S. tariffs impacting U.K. pensions?

We hosted a panel discussion to explore this important question. By watching this webcast, you will gain a deeper understanding of the implications of these tariffs, providing you with the tools to help navigate this volatile market. Topics discussed include:

  • Tariff reactions: Responses to tariffs from a geopolitical and market perspective, and how they impact our market outlook
  • U.K. defined benefit (DB) and defined contribution (DC) pensions: Insights on how U.K. DB and DC pensions investors should react to the uncertain macroeconomic environment and potential implications for long-term strategy
  • Asset management: How we are considering tariffs when managing and advising on assets for our clients
  • Funding: Changes we are seeing in funding positions and considerations going forward

To watch this webcast, complete the form on the right-hand side of this page or below if you're on a mobile device.

If you have any further questions, please get in touch with a member of our team using the contact details below.

Speakers


Lisa Egan
Senior Director, Investments
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David Hoile
Senior Director, Global Head of Economics and Capital Markets Research, Willis Towers Watson

Andrew Long
Managing Director, Retirement

Head of Investment Strategy

Chris Mansi
Chief Investment Officer, Europe and International
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Rebecca Sherlock
Head of DC Proposition, U.K.
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