Loan notes find favour as asset-backed funding

clock •

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

Marks & Spencer was the first company to place properties in a Scottish Limited Partnership (SLP), a kind of SPV, six years ago (PP Online, 23 January 2007). The properties were leased back to t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: From Load to Lever - AI's Mispriced Role in the Energy Transition

Partner Insight: From Load to Lever - AI's Mispriced Role in the Energy Transition

Electricity demand associated with AI is testing already-constrained power systems. Could the same technology also help reduce energy waste, manage demand, unlock grid capacity and integrate clean power?

Allspring Global Investments
clock 20 October 2026 • 6 min read
Savers believe pension funds should back infrastructure and UK growth

Savers believe pension funds should back infrastructure and UK growth

Research from IFM Investors suggests public backing for infrastructure investment

Alex Levy
clock 12 October 2026 • 3 min read
M&G launches first LTAF in bid to widen access to private credit capability

M&G launches first LTAF in bid to widen access to private credit capability

Targeting net returns of SONIA plus 5% per annum over five years

Jonathan Stapleton
clock 12 October 2026 • 2 min read
Trustpilot