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Our research

New Financial commissions and publishes regular papers, commentary and research on the capital markets industry. We work with business schools, academics and other experts to produce a regular research and analysis on some of the main challenges facing capital markets and market participants.

UK equities and the performance of DC pensions

This short paper explores how an increased allocation to UK equities would have affected the performance of defined contribution pensions over the past five years.

Our latest reports

April 2026

This short paper explores how an increased allocation to UK equities would have affected the performance of defined contribution pensions over the past five years.

UK equities and the performance of DC pensions

February 2026

The state of play and growth potential for EU capital markets

Measuring the growth potential for EU capital markets

March 2026

Our ninth Annual Review monitors the progress of signatories against their Charter commitments and holds them to account

HM Treasury Women in Finance Charter – Annual Review 2025

January 2025

This short paper provides an updated assessment of the UK’s financial services reform agenda

The Edinburgh and Leeds Reforms: a progress report

February 2026

The D&I function has an important role to play in the roll out of AI to reduce risk and maximise opportunity

A diversity and inclusion lens on the AI revolution

December 2025

The interconnectedness of EU and UK banking, finance, and capital markets in the context of the common European challenges

The interconnectedness of EU and UK financial markets

Previous reports

December 2025

The DEI agenda has come under intense scrutiny in 2025 – but alongside existential crisis comes the opportunity for renewal

The repositioning of diversity, equity and inclusion in financial services

October 2025

A unique analysis of the size of the rulebook for banking, finance & capital markets in the EU

Measuring the volume of EU financial regulation

June 2025

Exploring the potential for reforming ISAs in the context of the government review of ISAs and its ambition to widen retail participation

Reforming ISAs

April 2025

An in depth look at UK and European companies that have moved their primary listing to the US market over the past decade

A reality check on international listings

February 2025

The proposed consolidation of the local government pension scheme and defined contribution pensions

The next steps in UK pensions reform

October 2025

The size and depth of EU capital markets in the context of the scale and complexity of financial regulation in the EU

A focus on market outcomes: reforming EU financial regulation

September 2025

Five potential reforms to defined benefit contribution pensions to increase investment in UK listed equities

How to boost investment in UK equities by UK pensions

June 2025

The size growth & penetration of sustainable finance activity in global markets

A reality check on ESG

April 2025

Our eighth Annual Review monitors the progress of signatories against their Charter commitments and holds them to account

HM Treasury Women in Finance Charter – Annual Review 2024

November 2024

New Financial recently celebrated a major milestone – 10 years since we embarked on making the case for bigger and better capital markets

New Financial 10th anniversary

October 2025

The shifting dynamics and increased competition in public equity markets in the UK, EU and Switzerland

The future of European equity market structure

June 2025

How can firms accelerate annual progress beyond one percentage point?

HM Treasury Women in Finance Charter – focus on acceleration

May 2025

Examples of investment accounts and tax wrappers in Europe and worldwide - and what the EU and member states can learn from them

Designing savings and investment accounts in the EU

February 2025

A short manifesto of reforms for UK capital markets to drive investment, growth, and competitiveness

UK capital markets: a manifesto for growth

October 2024

The decline in smaller listed companies, why we should care about it - and what we can do to address it

The future of smaller company capital markets in the UK

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