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.
FT Trustee summer school – Trustee investment duties
Article published in FTfm for their Trustee Summer School examining the demands for Trustee Knowledge and Understanding (TKU) of investment issues and using modern techniques to replace the traditional hopeful apunt’ on equities and bonds.
FTfm article on swaps and liability matching
Article published in FTfm comment section explaining why pension funds may be able to better match their liabilities by using swaps and derivatives, rather than just switching to bonds.
FT letter discussing why switching to bonds is likely to prove unwise for pension funds with large deficits
Letter published by Financial Times explaining why switching to bonds will be unlikely to cure pension fund problems and could make them worse, whereas considering swaps may be a better alternative.
Press release welcoming PPF levy announcement
Press Release giving Ros’ reaction to the PPF levy announcement which seems prudent and responsible.
Press Release on Pension Protection Fund investment principles
Press Release giving Ros’ view on the Statement of Investment Principles announced by the Pension Protection Fund Board
Alternative investing – new thinking on Asset Allocation
Presentation given at Nordic Alternative Investment conference in Stockholm outlining new thinking for institutions considering moving away from traditional asset allocation models.
New approaches to asset allocation
Presentation given at UK Pension and Investment Summit in Brighton, explaining Ros’s opinions on pension funds considering new approaches to asset allocation, emphasising risk control, diversification and protection.
Trustee Challenges – Facing up to deficits
Presentation given to European Pension Fund Investment Forum in Marlow, explaining Ros’ ideas on new ways for trustees to think about managing both the risk and the return of their assets, in order to address pension deficits and more directly target meeting liabilities and over time.