S6/10Geopolitical

UK pension insurers raise exposure to opaque private credit

S&P warns on hard-to-price private assets that make up more than 10% of portfolios at L&G, Standard Life and Just Group

20 Jul 2026, 04:00 UTCSource: FT WorldOriginal source

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⚠️ A model estimate of cascade risk — not a guarantee and not buy/sell. Calibration uses resolved outcomes only; monitor confirmation indicators below.
A
Эскалация40% model probability

Forecast derived from cascade analysis. Watch confirmation indicators below.

Horizon: 7–30 days