Five steps to help your employees secure their financial futuresRedington
The document outlines five steps to help employees secure their financial futures: 1) Engagement, 2) Education, 3) Digital tools and solutions, 4) Having an outcome focus, and 5) Personalization. It discusses challenges like defined benefit pensions ending, economic uncertainty, and lack of financial education. It emphasizes the importance of engaging employees, teaching them about concepts like compound interest, using digital tools, focusing on desired outcomes, and creating personalized plans tailored to individual risk profiles and needs.
The document discusses the shift from defined benefit pensions to defined contribution plans, with individuals taking on more responsibility for retirement savings. It notes this is an issue not just in the UK and explores strategies to reduce risks for individuals as they invest for the long term, including balanced income and asset allocation approaches. The document also discusses how financial technology and consulting are evolving to better serve individuals by offering personalized strategies and engagement.
What role do consultants play in the value chainRedington
The document provides contact information for Robert J Gardner including links to his Twitter and LinkedIn profiles and a request to get in touch. It lists two URLs for Robert J Gardner's social media profiles and a brief message asking anyone who sees the document to contact him.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
Redington tax consultation response - A worker's pension tax free for lifeRedington
The document proposes changes to the UK pension system to increase the probability that "most people" achieve a "living wage" income in retirement by 2035. It recommends increasing auto-enrollment contribution rates and limiting tax relief to £5k contributions per year. It also proposes making auto-enrolled pensions tax-free in retirement to improve outcomes and reduce costs. The proposals aim to build on the success of auto-enrollment while encouraging further retirement savings through tax-exempt ISAs.
The document discusses managing investment portfolios and strategies for the endgame. It analyzes the stages of a flight plan - the opening, middle game, and end game - and how they relate to long-term investment goals and risk management. Charts and analyses show current and proposed allocations to asset classes like bonds, equities, and alternative investments for achieving endgame objectives.
Tom shared 7 lessons he learned while working at Redington, including focusing on technical issues early, identifying knowledgeable colleagues, planning priorities, taking control of projects, believing in teamwork, signing up for mindset training, and being open about considering leaving.
Five steps to help your employees secure their financial futuresRedington
The document outlines five steps to help employees secure their financial futures: 1) Engagement, 2) Education, 3) Digital tools and solutions, 4) Having an outcome focus, and 5) Personalization. It discusses challenges like defined benefit pensions ending, economic uncertainty, and lack of financial education. It emphasizes the importance of engaging employees, teaching them about concepts like compound interest, using digital tools, focusing on desired outcomes, and creating personalized plans tailored to individual risk profiles and needs.
The document discusses the shift from defined benefit pensions to defined contribution plans, with individuals taking on more responsibility for retirement savings. It notes this is an issue not just in the UK and explores strategies to reduce risks for individuals as they invest for the long term, including balanced income and asset allocation approaches. The document also discusses how financial technology and consulting are evolving to better serve individuals by offering personalized strategies and engagement.
What role do consultants play in the value chainRedington
The document provides contact information for Robert J Gardner including links to his Twitter and LinkedIn profiles and a request to get in touch. It lists two URLs for Robert J Gardner's social media profiles and a brief message asking anyone who sees the document to contact him.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
Redington tax consultation response - A worker's pension tax free for lifeRedington
The document proposes changes to the UK pension system to increase the probability that "most people" achieve a "living wage" income in retirement by 2035. It recommends increasing auto-enrollment contribution rates and limiting tax relief to £5k contributions per year. It also proposes making auto-enrolled pensions tax-free in retirement to improve outcomes and reduce costs. The proposals aim to build on the success of auto-enrollment while encouraging further retirement savings through tax-exempt ISAs.
The document discusses managing investment portfolios and strategies for the endgame. It analyzes the stages of a flight plan - the opening, middle game, and end game - and how they relate to long-term investment goals and risk management. Charts and analyses show current and proposed allocations to asset classes like bonds, equities, and alternative investments for achieving endgame objectives.
Tom shared 7 lessons he learned while working at Redington, including focusing on technical issues early, identifying knowledgeable colleagues, planning priorities, taking control of projects, believing in teamwork, signing up for mindset training, and being open about considering leaving.
Summary of the key messages from the 2016 Annual Funding StatementRedington
The document provides guidance for pension scheme trustees undertaking 2016 valuations from the Pensions Regulator. It emphasizes that an integrated risk management approach is key to assessing the risks impacting scheme assets and liabilities. Trustees are expected to set realistic investment return assumptions based on current market conditions. Most schemes will likely have larger deficits than expected and trustees should discuss increasing employer contributions or alternative options with employers where affordability allows. Trustees are also advised to focus on longer term risks and rewards rather than short term market volatility.
This document discusses challenges facing retirement savings in the UK, including an aging population, falling dependency ratio, and insufficient savings. It notes most people will need to save 15% of income to retire comfortably. Charts show the wide distribution of UK incomes and savings needed at different ages and salaries to achieve a £15k annual retirement income. The document proposes making retirement savings more timely, social, attractive, easy and low cost through initiatives like workplace ISAs and expanding auto-enrollment pensions.
Over various time periods from 1 to 10 years, the document analyzes the risk-adjusted performance of various asset classes using metrics like Sharpe Ratio, excess return, and volatility. For the past 1 year, European High Yield had the highest Sharpe Ratio of 6.46, while Macro Hedge Funds were the only asset class to post negative excess returns. Over 10 years, Risk Parity had the highest Sharpe Ratio of 0.98, while both Risk Parity and Emerging Market Equities generated the highest excess return of 9.9% per annum.
Pensions, Management and Leadership: 14 Lessons from Invensys Pension Scheme'...Redington
Robin Claessens joined IPS at the end of 2008, and accepted the mandate as their CEO and CIO (CIO for 2 years only). Today, Robin is a Managing Director in the Investment Consulting team at Redington.
During the journey at IPS, he experienced a number of events, some professional and technical, some more subjective and others personal. Robin has endeavoured through this paper to translate these events into 14 lessons he has learnt and which he thinks apt to share with you.
The lessons are split into four categories:
- Management and Strategy
- Infrastructure and Operations
- Management of Stakeholder and Third-Party Service Provider
- Leadership and Personal Lessons
Making Decisions; An Effective Trustee BoardRedington
What are the 10 core strengths of a Trustee Ninja?
1. Passion
2. Trust
3. Open Minded
4. Intellectual Curiosity
5. Numeracy
6. Collegiate
8. Prepare to challenge and be challenged
7. Seeing the wood for the trees
9. Prepare to stand out from the crowd
10. Make decisions and live with the consequences
Red views what lies beneath - the hidden cost of pension equity risk - marc...Redington
The document discusses how a recent change in banking regulation requires banks to hold capital to cover pension risk, including equity risk in pension portfolios. This represents a substantial increase in capital requirements for UK banks due to the large equity allocations in pension schemes. Implementing a volatility-controlled equity benchmark with downside protection through options could significantly reduce capital requirements by lowering equity risk, while maintaining return expectations. The capital reduction benefits are greater when pension liabilities are more hedged through interest rate risk management.
The document summarizes key points from presentations at the IFoA Pensions Conference 2015 held from June 24-26 in Glasgow. It discusses asset allocation strategies for pension funds, including integrating investment, funding and covenant approaches. It also covers alternative asset classes, systematic strategies like risk parity and volatility control, and diversifying across liquid and illiquid asset classes and risk premia. Reducing risk exposure to rates and inflation through hedging is highlighted as a quick win.
Not All Benchmarks Are Created Equal March 2014Redington
This document discusses benchmarks and highlights that not all benchmarks are equal. It notes that there has been a proliferation of benchmarks available and questions which have merit to be used and which do not. It examines characteristics that make for good benchmarks, such as being transparent, unbiased, and cost-effective. It also looks at using benchmarks for different types of investments, from liquid markets to multi-asset funds, and whether new style and factor-based benchmarks truly capture the intended exposures. The document advocates for benchmarks that best capture the desired market "beta" in an effective way.
"I haven’t told you the best part,” said Grandpa. “When you save your acorns, they don’t just sit there and wait for you. They grow into trees, and the trees give you more and more acorns.”
Join Oliver and Amelia as Grandpa teaches them the importance of saving. They hear the story of how the bears saved the monkeys. They learned about the consequences of wasting bananas, sharing berries and saving acorns. The best part is the acorns they save can grow over time into trees with more acorns.
The document discusses how investors should allocate to different credit asset classes in the current market environment. It notes that different credit sub-asset classes perform better in different market cycles, with some benefiting from growth periods while others protect capital during downturns. Recently, high yield bonds have seen strong returns but spreads are now close to fair value, so a more dynamic approach across credit quality and regions may be better. Carefully selected absolute return, credit relative value, and multi-class credit strategies could add value going forward.
Active Working Summit 2015 - "Campaign Stand Up"Redington
This document provides information about a "Campaign Stand Up" initiative by Active Working CIC to promote standing more and sitting less. It encourages replacing desks with sit-stand desks to improve health and reduce sitting time. The document is marked confidential and not intended for wider distribution without permission from Active Working CIC. It includes contact information for Jonathan Letham to obtain further details about the sit-stand desk installation campaign.
CIO Report - Investing in a World without Credit SpreadsRedington
- Asset allocations over the past 5 years have relied on credit spreads, but credit spreads are now declining and may not be a reliable source of returns going forward
- Without attractive credit spreads, asset allocation will depend more on returns from liquid markets, which are more uncertain
- There are four approaches that can help manage but not remove this uncertainty: risk-based asset allocation, diversification across asset classes, diversification within asset classes, and manager skill
- Combining these four approaches provides the best risk-adjusted returns, but incorporating some of the approaches still provides most of the benefits
Introduction and outlook of EU pension systemRedington
This document summarizes the pension system and challenges in Europe. It discusses the three pillars of pension systems: social security, employer pensions, and personal pensions. It then focuses on defined contribution pensions in the UK, including typical plan designs, contributions, taxation, and investment options. The document notes challenges like lack of financial literacy and planning. It proposes solutions such as personal retirement planning, lifecycle investment strategies, and education initiatives to increase participation and knowledge.
The document discusses the demographic challenges facing developed nations as populations age and birth rates decline. It cites Alan Greenspan warning that most developed countries are on the edge of an unprecedented demographic abyss. It then provides contact information for Robert J. Gardner on Twitter and LinkedIn and invites the reader to get in touch.
Why we need to think differently about retirementRedington
This document discusses the need to rethink retirement and encourage more savings. It notes that less than one in five people are saving adequately for retirement. Improving retirement savings should be a top public policy priority to help prepare individuals and society for longer lifespans. The document also suggests that the UK should consider mandating retirement contributions higher than the current 8% of salary.
This document provides an overview of alternative investment opportunities for pension schemes and insurance companies in 2010 as the financial markets continue to recover from the credit crisis. It identifies several asset classes that offer illiquidity premiums, such as infrastructure investments, social housing, and insurance linked securities. The document also notes that a lack of funding from traditional sources like banks has led to opportunities in secured leases, ground rents, and equity release mortgages. Constraints on governance budgets are discussed as impacting the ability to invest in some of these alternative assets.
Summary of the key messages from the 2016 Annual Funding StatementRedington
The document provides guidance for pension scheme trustees undertaking 2016 valuations from the Pensions Regulator. It emphasizes that an integrated risk management approach is key to assessing the risks impacting scheme assets and liabilities. Trustees are expected to set realistic investment return assumptions based on current market conditions. Most schemes will likely have larger deficits than expected and trustees should discuss increasing employer contributions or alternative options with employers where affordability allows. Trustees are also advised to focus on longer term risks and rewards rather than short term market volatility.
This document discusses challenges facing retirement savings in the UK, including an aging population, falling dependency ratio, and insufficient savings. It notes most people will need to save 15% of income to retire comfortably. Charts show the wide distribution of UK incomes and savings needed at different ages and salaries to achieve a £15k annual retirement income. The document proposes making retirement savings more timely, social, attractive, easy and low cost through initiatives like workplace ISAs and expanding auto-enrollment pensions.
Over various time periods from 1 to 10 years, the document analyzes the risk-adjusted performance of various asset classes using metrics like Sharpe Ratio, excess return, and volatility. For the past 1 year, European High Yield had the highest Sharpe Ratio of 6.46, while Macro Hedge Funds were the only asset class to post negative excess returns. Over 10 years, Risk Parity had the highest Sharpe Ratio of 0.98, while both Risk Parity and Emerging Market Equities generated the highest excess return of 9.9% per annum.
Pensions, Management and Leadership: 14 Lessons from Invensys Pension Scheme'...Redington
Robin Claessens joined IPS at the end of 2008, and accepted the mandate as their CEO and CIO (CIO for 2 years only). Today, Robin is a Managing Director in the Investment Consulting team at Redington.
During the journey at IPS, he experienced a number of events, some professional and technical, some more subjective and others personal. Robin has endeavoured through this paper to translate these events into 14 lessons he has learnt and which he thinks apt to share with you.
The lessons are split into four categories:
- Management and Strategy
- Infrastructure and Operations
- Management of Stakeholder and Third-Party Service Provider
- Leadership and Personal Lessons
Making Decisions; An Effective Trustee BoardRedington
What are the 10 core strengths of a Trustee Ninja?
1. Passion
2. Trust
3. Open Minded
4. Intellectual Curiosity
5. Numeracy
6. Collegiate
8. Prepare to challenge and be challenged
7. Seeing the wood for the trees
9. Prepare to stand out from the crowd
10. Make decisions and live with the consequences
Red views what lies beneath - the hidden cost of pension equity risk - marc...Redington
The document discusses how a recent change in banking regulation requires banks to hold capital to cover pension risk, including equity risk in pension portfolios. This represents a substantial increase in capital requirements for UK banks due to the large equity allocations in pension schemes. Implementing a volatility-controlled equity benchmark with downside protection through options could significantly reduce capital requirements by lowering equity risk, while maintaining return expectations. The capital reduction benefits are greater when pension liabilities are more hedged through interest rate risk management.
The document summarizes key points from presentations at the IFoA Pensions Conference 2015 held from June 24-26 in Glasgow. It discusses asset allocation strategies for pension funds, including integrating investment, funding and covenant approaches. It also covers alternative asset classes, systematic strategies like risk parity and volatility control, and diversifying across liquid and illiquid asset classes and risk premia. Reducing risk exposure to rates and inflation through hedging is highlighted as a quick win.
Not All Benchmarks Are Created Equal March 2014Redington
This document discusses benchmarks and highlights that not all benchmarks are equal. It notes that there has been a proliferation of benchmarks available and questions which have merit to be used and which do not. It examines characteristics that make for good benchmarks, such as being transparent, unbiased, and cost-effective. It also looks at using benchmarks for different types of investments, from liquid markets to multi-asset funds, and whether new style and factor-based benchmarks truly capture the intended exposures. The document advocates for benchmarks that best capture the desired market "beta" in an effective way.
"I haven’t told you the best part,” said Grandpa. “When you save your acorns, they don’t just sit there and wait for you. They grow into trees, and the trees give you more and more acorns.”
Join Oliver and Amelia as Grandpa teaches them the importance of saving. They hear the story of how the bears saved the monkeys. They learned about the consequences of wasting bananas, sharing berries and saving acorns. The best part is the acorns they save can grow over time into trees with more acorns.
The document discusses how investors should allocate to different credit asset classes in the current market environment. It notes that different credit sub-asset classes perform better in different market cycles, with some benefiting from growth periods while others protect capital during downturns. Recently, high yield bonds have seen strong returns but spreads are now close to fair value, so a more dynamic approach across credit quality and regions may be better. Carefully selected absolute return, credit relative value, and multi-class credit strategies could add value going forward.
Active Working Summit 2015 - "Campaign Stand Up"Redington
This document provides information about a "Campaign Stand Up" initiative by Active Working CIC to promote standing more and sitting less. It encourages replacing desks with sit-stand desks to improve health and reduce sitting time. The document is marked confidential and not intended for wider distribution without permission from Active Working CIC. It includes contact information for Jonathan Letham to obtain further details about the sit-stand desk installation campaign.
CIO Report - Investing in a World without Credit SpreadsRedington
- Asset allocations over the past 5 years have relied on credit spreads, but credit spreads are now declining and may not be a reliable source of returns going forward
- Without attractive credit spreads, asset allocation will depend more on returns from liquid markets, which are more uncertain
- There are four approaches that can help manage but not remove this uncertainty: risk-based asset allocation, diversification across asset classes, diversification within asset classes, and manager skill
- Combining these four approaches provides the best risk-adjusted returns, but incorporating some of the approaches still provides most of the benefits
Introduction and outlook of EU pension systemRedington
This document summarizes the pension system and challenges in Europe. It discusses the three pillars of pension systems: social security, employer pensions, and personal pensions. It then focuses on defined contribution pensions in the UK, including typical plan designs, contributions, taxation, and investment options. The document notes challenges like lack of financial literacy and planning. It proposes solutions such as personal retirement planning, lifecycle investment strategies, and education initiatives to increase participation and knowledge.
The document discusses the demographic challenges facing developed nations as populations age and birth rates decline. It cites Alan Greenspan warning that most developed countries are on the edge of an unprecedented demographic abyss. It then provides contact information for Robert J. Gardner on Twitter and LinkedIn and invites the reader to get in touch.
Why we need to think differently about retirementRedington
This document discusses the need to rethink retirement and encourage more savings. It notes that less than one in five people are saving adequately for retirement. Improving retirement savings should be a top public policy priority to help prepare individuals and society for longer lifespans. The document also suggests that the UK should consider mandating retirement contributions higher than the current 8% of salary.
This document provides an overview of alternative investment opportunities for pension schemes and insurance companies in 2010 as the financial markets continue to recover from the credit crisis. It identifies several asset classes that offer illiquidity premiums, such as infrastructure investments, social housing, and insurance linked securities. The document also notes that a lack of funding from traditional sources like banks has led to opportunities in secured leases, ground rents, and equity release mortgages. Constraints on governance budgets are discussed as impacting the ability to invest in some of these alternative assets.
Technology and Investing - Where to from here?Redington
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The Impact of Technology on the Pensions IndustryRedington
The impact of technology on the pensions industry (past, present, future).
Prezi version: https://prezi.com/aadascppmnor/the-impact-of-technology-on-the-pensions-industry
21st Century Schemes – Deciding on the right scheme design for your membersRedington
This document discusses considerations for designing retirement schemes for members. It highlights collecting data on members' current pension pots, contributions, ages and where they are in their retirement journey. The goal is to help employees securely plan their financial futures through empowering individual decision making with easy, attractive, social and timely communication. Technology like personalized pension apps and emotional connections are seen as ways to improve pension savings success.
"Hi Alexa, how should I save for my pension?"Redington
The document discusses various ways for people to save effectively for their pension. It recommends understanding where you are in your retirement journey, engaging members through education and technology, and using behavioral insights and personalized approaches to empower people to make good savings decisions. Gamification and simple ideas can help communicate complex choices. Members have different risk profiles and a one-size approach does not fit all, so pensions should be tailored individually. The goal is to help people save and invest adequately for a secure retirement.
Why we need to teach our children how to budget, save, invest and give backRedington
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Making meditation a part of a daily routine, even if just 10-15 minutes per day, can have mental and physical health benefits over time by helping people feel more relaxed and focused.
Critical Friends - The Need for Straight TalkingRedington
This document summarizes a presentation on providing constructive feedback between pension trustees and their advisers. It discusses the need for "critical friends" to have honest conversations and help each other improve. A survey found that advisers rarely give critical feedback to trustees. The presentation advocates using a framework called "Radical Candor" to build feedback into the relationship through open and caring criticism. It encourages trustees and advisers to find a trusted partner to help them strengthen governance through respectful feedback.
Is Your Property Allocation RIght for You?Redington
The document discusses the impact of Brexit on the UK property market and different property investment options. It notes that commercial rental markets are expected to weaken due to uncertainty after Brexit. It then discusses suspensions of redemptions in some UK property funds and notes that institutional money funds have experienced less redemption pressure. Finally, it outlines different property investment strategies and their risk-return profiles that may be suitable depending on whether a pension fund is in the opening, middle, or end stage of its funding journey.
Challenges and opportunities for financial market globalisationRedington
This document summarizes an event discussing opportunities and challenges of financial market globalization. It presents examples from China and Japan showing how capital controls have limited China's contribution to global financial integration compared to its contributions to trade and GDP. It also discusses how financial institutions must innovate their business models to maintain growth as traditional sources of revenue decline. Overall, the document examines how globalization brings opportunities like expanded financing sources but also challenges like increased vulnerability to external shocks for financial markets and institutions.
Pensions, Management and Leadership: 14 Lessons from Invensys Pension Scheme'...Redington
The 14 lessons are split into four categories:
1. Management and Strategy
2. Infrastructure and Operations
3. Management of Stakeholder and Third-Party Service Provider
4. Leadership and Personal Lessons
IFoA Asia Conference Presentation - Investment Risk Management Under New Regu...Redington
This document discusses investment risk management under China's new regulatory framework. It provides an agenda for a workshop covering regulations, key investment risks, and strategies to manage risk in equities, credit, and interest rates. The C-ROSS regulatory framework establishes quantitative capital requirements, qualitative supervisory requirements, and market discipline mechanisms. Managing multi-dimensional challenges like return, capital, and volatility is also discussed.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Navigating Your Financial Future: Comprehensive Planning with Mike Baumannmikebaumannfinancial
Learn how financial planner Mike Baumann helps individuals and families articulate their financial aspirations and develop tailored plans. This presentation delves into budgeting, investment strategies, retirement planning, tax optimization, and the importance of ongoing plan adjustments.