Stephen Gilmore is the Chief Investment Officer of CalPERS, which at $600 billion is the largest public pension fund in the U.S. and one of the largest institutional pools of capital in the world. Stephen joined CalPERS eighteen months ago from a career spanning Wall Street, the IMF, and two of the most innovative sovereign…

The UK pensions world has changed, but has our definition of gilt risk kept up? This episode dives head first into the questions trustees and sponsors can’t afford to ignore and unpack how tail risks in UK gilt markets could derail even the best funded plans.

Join Jon Barry and Jeri Savage for a briefing on DC and DB priorities for 2026: QDIA and core menu innovation, de-risking implications, and what MFS' latest survey says about sponsor, advisor, and participant sentiment, plus actions to consider for the road ahead.