Credit Crisis and Pension Funds – what now for LDI?
Presentation given to Goldman Sachs Pension Academy explaining how pension fund trustees could consider coping with the credit crisis and updating investment thinking for the future.
Re-evaluating Investment Risk
Presentation given to Institute of Chartered Accountants in England and Wales (ICAEW) in London outlining how pension funds need to think differently about investment risk and recognize that taking risk, especially in equities, does not necessarily mean returns will be high.
FTfm 'Feedback' column, why BT trustees should not just switch from equities to long bonds
Article published in FTfm explaining why suggestions that BT’s pension fund accounting problems and long-term asset-liability mismatch will not be solved by switching from equities to bonds. More radical and broader thinking is required.
Article for Public Service Review on Liability Driven investing (LDI)
Article published in Public Service Review explaining that LDI is all about understanding and managing risk, not just about switching from equities to bonds.
Delivering Members' Pensions
Presentation given at Coombe Abbey, Coventry for PwC explaining Ros’ thoughts on the new world for trustees and dealing with deficits, risk and member protection.
Alternative Investment Strategies for Pension Funds
Presentation for Icelandic pension fund trustees outlining Ros’ thoughts on using alternative investments in pension asset allocation decisions.
Understanding and managing pension fund risk
Letter published in Global Pensions magazine explaining why pension fund trustees should not necessarily be switching to bonds and that searching for asymmetric returns and using alternative assets and derivatives can improve portfolio efficiency.
Modernising Pensions
Speech given at the Wallace Collection in London outlining for trustees some new thinking on risk management, liability driven investing and downside protection for pension funds.
New investment thinking for trustees
Article published in aTrustee newsletter’ Volume 2, Issue 3, explaining that pension fund trustees need to focus on risk as well as returns in their investment portfolios.
Concerns about USS pension fund
Letter published in Financial Times following John Plender’s article about the decision by Universities Superannuation Scheme to leave employer contributions unchanged, despite large deficit and suggesting that asset allocation can help overcome deficits.