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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.

The New Financial international financial centres index

The size and growth of financial centres in 65 economies around the world

Our latest reports

July 2026

The size and growth of financial centres in 65 economies around the world

The New Financial international financial centres index

May 2026

Rethinking the growth and competitiveness strategy and the wider framework for UK banking, finance, and capital markets

A new sense of ambition

June 2026

Assessing the impact of a decade of the Charter and the challenge ahead

The 10 year review of the Women in Finance Charter

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

May 2026

The size and depth of capital markets in the E6 countries - and of their proposals to reform EU capital markets

The ‘E6’ group and the reform of capital markets in the EU

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

Previous reports

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

September 2024

Analysis of investment in domestic equities and of home bias by pension funds in the UK and around the world

Comparing the asset allocation of global pension systems

March 2024

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

HM Treasury Women in Finance Charter – Annual Review 2023

January 2024

Update of our analysis of the state of play and growth potential in EU capital markets

A renewed vision for EU capital markets

February 2025

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

The next steps in UK pensions reform

October 2024

A 10-year performance review of financial regulation and regulators in the context of market outcomes

Evaluating the UK regulatory framework

June 2024

Analysis of retirement saving and retail investing in the EU and recommendations for an integrated reform agenda

The future of pensions and retail investment in the EU

March 2024

Explores the structural shift over the past few decades in the way UK pension funds invest the money they allocate to equities

A mechanical drag on UK equities

December 2023

Measuring the regional footprint and impact of the industry through the lens of Pension Insurance Corporation

The social and economic value of finance

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

September 2024

Analysis of the size and depth of capital markets in Europe 10 years after the launch of Capital Markets Union

Searching for growth: the future of EU capital markets

April 2024

Analysis of the size, growth & penetration of green finance in Europe

A reality check on green finance 2.0

February 2024

The case for transitioning unfunded public sector occupational pension schemes to a funded model

The radical option in UK pensions

November 2023

How ISAs could help kickstart a recovery in UK capital markets

A £10bn short in the arm for UK equities?

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