Investing Today to Transform Tomorrows

In today's complex investment landscape, you need more than just execution; you need insight. The ability to identify high-performing managers, anticipate market shifts and integrate sustainability and operational rigor is critical to delivering reliable outcomes.

WTW leads the way in research. With a global research team of ~80 specialists covering all asset classes,^[1] we combine deep qualitative expertise with proprietary quantitative modelling and machine learning. Our research goes beyond performance metrics to assess culture, decision-making, inclusion and belonging and sustainability, giving clients a holistic view of manager quality.

The result?

You can benefit from access to best-in-class managers,^[2] selected through a robust, risk-managed process. This can lead to more reliable returns, better governance and confidence that your portfolio is built on insight — not just information.

1. Source: WTW at 31 August 2025. Return to article
2. As rated by WTW. Return to article

Traditional equity strategies often fall short. Single managers can be style-biased and generate inconsistent alpha, while multi-manager solutions can be expensive and overly diversified. Passive approaches lack flexibility and often ignore sustainability risks.

WTW offers a smarter way forward. Our equity solutions are built to deliver consistent, cost-effective performance through bespoke structuring. We blend the best ideas from top-rated stock pickers,^[3] each contributing only their highest-conviction positions,^[4] into focused, benchmark-aware portfolios. This aims to help clients benefit from true active alpha without paying for unnecessary diversification.

The result?

You can tailor your equity exposure to match your risk appetite, strengthen net expected returns^[5] and improve sustainability credentials — all while maintaining cost discipline and governance oversight.

3. As rated by WTW. Return to article
4. Stock pickers include only their best 20 ideas. Return to article
5. Expected returns are not a guarantee of future returns. Return to article

Credit markets are complex and evolving — and you need more than off-the-shelf solutions. You need access to high-quality strategies that are cost-effective, diversified and aligned with your specific goals.

WTW is equipped to meet those needs. We've pioneered credit investing for over a decade, designing and seeding innovative funds across public and private credit markets. From launching the first multi-asset credit solution, spawning a $200 billion industry,^[6] to opening alternative credit and private debt strategies, we've consistently created opportunities to simplify typical complexities in this area.

Our scale enables us to negotiate lower fees and secure access to best-in-class managers.^[7] We don't stop at design. We ensure these solutions are available to a broader range of investors, including defined contribution (DC) and wealth clients, not just defined benefit (DB) pension schemes.

The result?

You're able to access tailored credit exposure that is designed to enhance returns,^[8] improve diversification and leave room in the fee budget for higher-returning illiquid assets. It's a smarter, more inclusive way to invest in credit — without compromising on quality or governance.

6. Source: As verified by WTW and respective asset managers as at 30 June 2025. Return to article
7. As rated by WTW. Return to article
8. Expected returns are not a guarantee of future returns. Return to article

Liquid diversifiers, such as hedge funds and alternative beta strategies, can offer valuable uncorrelated returns. But for some investors, high fees, complex structures and opaque disclosures have made them challenging to access and justify.

WTW delivers a better way. For over a decade, we've worked directly with managers to design bespoke strategies that capture the core return drivers of hedge funds, but at lower cost than the industry standard model.^[9] Our approach involves carving out existing or designing bespoke strategies, negotiating fairer fee structures and setting up funds that open access to a broader range of investors.

We've launched multi-manager funds, rated various uncorrelated niche strategies and built scalable access vehicles, bringing institutional-quality solutions to DB, DC and wealth clients alike.

The result?

You can benefit from solutions which are designed to provide efficient access to uncorrelated returns,^[10] improved portfolio resilience and reduced fees.

9. HF industry pricing often includes both a management and performance fee. Return to article
10. Expected returns are not a guarantee of future returns. Return to article

Private equity has posed challenges for many investors due to limited access, illiquidity, operational complexity and high fees of the asset class. It's important to have solutions that provide access without compromising on quality or control.

WTW's approach aims to deliver exactly that. We have built private equity programs that span primaries, co-investments and secondaries — designing highly selective, bespoke portfolios tailored to each client's objectives. Each portfolio is designed to deliver returns^[11] while improving cost efficiency for investors.

We have developed deep expertise in partnering with smaller, mid-market and emerging managers — where alignment is strong and the drive to outperform is high.

Notably, we launched the first private equity co-investment-only long-term access fund (LTAF)in the industry. This milestone brought private equity to DC and wealth clients with no double layer of fees, lower minimum investment thresholds and simplified mechanics.

The result?

You can benefit from solutions which are designed to deliver resilient returns,^[12] lower costs and a more inclusive private equity experience.

11. Expected returns are not a guarantee of future returns. Return to article
12. Expected returns are not a guarantee of future returns. Return to article

Traditional property funds are anchored to outdated sector mixes, often overexposed to office and retail, which face structural challenges. Many of our clients are seeking real asset strategies that reflect today's opportunities and tomorrow's risks.

WTW offers a smarter approach. We've partnered with specialist managers to create mandates in high-potential sectors like data centers, renewables and life sciences — areas where open-ended, low-fee funds have been lacking. In Europe, we've developed income-driven strategies with contractual inflation linkage to support liability matching.

Our solutions span public and private markets, offering access to regionally diversified, thematically attractive portfolios that align with client goals and risk budgets.

The result?

You can benefit from solutions designed to deliver robust net expected returns,^[13] improved inflation protection and responsible investment outcomes such as enhanced energy efficiency in housing. Whether seeking growth, income or resilience, our real asset strategies are built to deliver.

13. Expected returns are not a guarantee of future returns. Return to article

Wealth investors often face limited access to institutional-grade investment solutions. High fees, narrow product sets and inconsistent outcomes can make it difficult to achieve long-term financial goals.

WTW's alliance with atomos changes that. By leveraging our scale as a $168 billion^[14] investor, we've designed multi-asset solutions that bring institutional rigor to underlying individual portfolios. Through atomos' model portfolio service and pooled fund routes, wealth clients gain access to strategies typically reserved for large institutions — backed by WTW's global research and manager selection engine.

The result?

Underlying investors benefit from better diversification, lower fees and high-quality outcomes, whether saving for retirement or building long-term wealth. It's the same standard of excellence we've delivered to occupational pensions for decades, now available to personal portfolios.

14. Source: WTW as at 31 March 2025. Return to article

In the UK, pension schemes face a unique challenge: their liabilities are often linked to inflation, but with complex caps and floors that traditional benchmarks fail to capture. This oversight can expose schemes to hidden risks and unexpected funding shocks, especially as they de-risk.

WTW recognized this gap and responded. We developed bespoke benchmarks that reflect the true inflation-linked nature of pension liabilities, including those caps and floors. These benchmarks are now widely adopted by our fiduciary clients, enabling more accurate risk management and better alignment with funding objectives.

To make this innovation accessible to all, we partnered with a leading LDI manager to launch pooled fund solutions — bringing institutional-grade risk control into schemes of every size.

Decades of experience and a deep understanding of pension liabilities, gained through the actuarial side of our business, positions us ideally to provide tailored investment strategy advice, spanning both the assets and liabilities within an integrated framework.

The result?

Many pension scheme members are now better protected against low-inflation scenarios. And for schemes operating in a stable inflation environment, our approach enables faster rebalancing, unlocking additional return potential.

In a fast-changing world, asset owners and managers face growing complexity — from climate risk and regulation to shifting stakeholder expectations. Navigating this landscape requires more than investment expertise, it demands forward-thinking leadership.

That's where the Thinking Ahead Institute (TAI) comes in. Founded by WTW, TAI is a global not-for-profit research and innovation hub. It brings together asset owners, managers and academics to tackle the industry's biggest challenges — like long-term value creation, sustainable investing and governance reform.

Through collaborative research, strategic frameworks and practical tools, TAI helps clients:

• Strengthen investment governance and decision-making
• Align portfolios with long-term beliefs and sustainability goals
• Build organizational resilience in the face of systemic risks

The result?

Asset owners can strengthen investment outcomes, while becoming more adaptive, purpose-driven institutions. TAI empowers organizations to lead change, not just respond to it.

Investment returns are only part of the story. Operational failures such as poor governance, weak controls or process breakdowns can cause significant financial and reputational damage. Yet many investors lack the tools to assess these hidden risks.

WTW's Operational Due Diligence (ODD) solution fills that gap. We've built a global, specialist ODD team and developed proprietary tools including the ODD Review Pack and Structured Assessment Method (SAM). These frameworks provide a consistent, in-depth evaluation of asset managers' operational resilience across strategies and asset classes.

We don't just assess, we engage. Our process helps managers identify and address weaknesses, improving their infrastructure and reducing risk for our clients.

The result?

You can benefit from greater confidence in your investment partners, reduced exposure to operational risk and stronger governance.

Whether delegated or advisory, our ODD solutions help safeguard outcomes and protect reputations.

In today's investment environment, you expect more than strong ideas. You need flawless execution, robust oversight and scalable infrastructure. Operational resilience is no longer optional; it's a strategic advantage.

WTW delivers with a world-class operating model. We've invested significantly in our global operations and technology platform — embedding industry-leading tools like SimCorp Dimension, building specialist teams for trade execution and reporting and launching proprietary analytics. Our model supports all fiduciary and asset management activities globally.

We combine this infrastructure with deep risk management expertise, including a dedicated Investments Risk team, to ensure every decision is backed by control, transparency and accountability.

The result?

You can benefit from faster implementation, better data and stronger governance — enabling more informed decisions and more consistent outcomes. With WTW, operational excellence isn't behind the scenes; it's built into every client experience.