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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

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