Plus: High Court approves settlement ending six-year dispute between BA and pension fund. : Muted and constrained economic growth, continued low yields and quantitative easing, combined with a poor investment return outlook, loom over Europe’s pension sector. Although the prospect of a trade war is the tail risk that has most worried fund managers since mid-2018, other potential perils look more threatening Has the world entered a new paradigm in which growth, inflation and value investing are dead? Various indicators might have us believe this is the case.