The Latest
FIS Cambridge '19

How to build innovation

Innovation is more important than ever given the uncertain and ambiguous times that lie ahead for institutional investors like climate change, political dysfunction and poor returns. “Returns can only come from an ecosystem that works and we need innovation to do this,” said Roger Urwin, global head of investment content, Willis Towers Watson speaking at the Fiduciary Investors Symposium at Cambridge University.
FIS Harvard

All aboard the change express as Railpen leaves the station

At the end of a corporate review process that lasted eight months, involved 23 meetings of a steering committee and produced 60 working papers, the UK railways pension fund Railpen was left with 422 action items. “We’ve done 224 of them,” Chris Hitchen, Railpen chief executive, told the Fiduciary Investors Symposium (FIS) at Harvard University. […]
Analysis

Defining fiduciary duty

What constitutes fiduciary duty is an ongoing discussion in the pension sector. The UK Law Commission has weighed in on the debate with its own interpretation.     Pension funds mulling the definition and obligations of their fiduciary duty can now refer to a consultation paper from the Law Commission, Fiduciary Duties of Investment Intermediaries. […]
In Conversation

Giving time to investment governance

Roger Urwin, global head of content at Towers Watson and governance specialist, says most organisations don’t spend enough time on it, but transformational change is all about giving time to investment governance. Culture and leadership, for example is so self-evidently important in people organisations and yet it is understated in asset owners, he says. “The soft […]
Analysis

Fewer, bigger funds for UK?

Australia, the US, Canada and Denmark have all done it. Kazakhstan and even Oman are talking about it. Increasingly, public sector pension funds are merging or pooling their assets into fewer bigger schemes. It’s no surprise the debate is gathering momentum in the United Kingdom, ripe for consolidation with a Local Government Pension Fund Scheme […]
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