---
title: UK pension insurers raise exposure to opaque private credit
description: "\"Discover the concerns raised by S&P Global as UK pension insurers increase investments in private credit, now making up over 10% of their portfolios.\""
image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg
---

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# UK pension insurers raise exposure to opaque private credit

[![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) :  Jul 20, 2026 12:59:52 AM

![UK pension insurers raise exposure to opaque private credit](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg)

## UK Pension Insurers Increase Investment in Private Credit

S&P Global has cautioned that UK pension insurers, including Legal & General (L&G), Standard Life, and Just Group, have increased their investment in hard-to-price private assets. These assets now constitute more than 10% of the companies' portfolios. S&P's warning highlights concerns over the opacity of these private credits and the challenges they present in valuation.

**Original Source:** [https://www.ft.com/content/82e9b2fc-0dd8-4560-837c-2e7695457783?syn-25a6b1a6=1](https://www.ft.com/content/82e9b2fc-0dd8-4560-837c-2e7695457783?syn-25a6b1a6=1)

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