In this episode, hosts Louise Farrand and Dave Whitehair chat to Veronica Humble, CIO at NatWest Cushon.

Veronica takes us through how Cushon is shaping its investment strategy for a changing world, from expanding its private markets allocation to exploring opportunities in venture capital. She explains the team’s approach to diversification, governance, and long-term risk management, particularly given market volatility.

They discuss Cushon’s climate framework, including its focus on real-world decarbonisation, natural capital and portfolio resilience. Veronica shares how digital storytelling is helping members connect with their investments, and why UK-based projects are becoming an increasingly important part of that narrative.

Finally, Veronica reflects on building internal investment capabilities, working closely with trustees, and how AI and innovation might transform DC investing in the years ahead.

It’s a wide-ranging conversation - we hope you enjoy the episode!