Tag: asset management

2016’s Most Popular¬†

My most-read blog posts of 2016 were: 

1. Why Anthony Hilton is wrong about DB pensions 

This post, responding to the misguided (in my view) viewpoints of London Evening Standard journalist Anthony Hilton in September garnered by far the most views of any of my blogs this year (around 1400 views). 

An extended version of this article was also featured in Professional Pensions, and also became their most viewed opinion piece of the year

The article must have stuck a chord with readers in the pensions world. We do of course live in pretty challenging times for DB pension funds, with several strong macro-economic headwinds making it harder to deliver the benefits that have been promised. This year saw a vigorous debate around what should, or should not be done to the DB pensions system. This debate was further catalysed by the high-profile cases of BHS and British steel, and the debate looks set to run on into 2017. 

Given the importance of the DB system to the retirement prospects of millions of members I believe a solid debate on some of these important issues is to be welcomed, and look forward to continuing the debate productively in 2017.

2. No Ordinary Collision – the Future of Asset Management

Powerful forces of change are at play in many industries, and asset management is certainly one of them. Technological and demographic shifts will shape the future of the asset management industry, in this piece (April 2016) I discussed some of  the intersecting forces, drawing on a wide body of existing research on the future of work and finance. 

Here are my six key takeaways: 

3. Consulting firms reply to the Work & Pensions Select committee 

In the wake of the BHS pensions story, the W&PSC issued a green paper calling for views on the future of the DB pensions system in the U.K. Given the prominence of this debate and the considerable air-time it’s received this year the responses from the main actuarial & investment consulting firms were considered and insightful. What was also interesting was the diversity of views. Will most schemes pay the benefits promised? Should the role of TPR change? Should there by wholesale change to the system? Will small changes be effective? Is consolidation feasible? These were all questions on which the consulting firms gave insightful, but often differing answers. 
I hope you’ve enjoyed my blog posts this year. I look forward to sharing more in 2017. Sign up to receive updates on new posts.

No Ordinary Collision

Your 10-Minute Guide to the Future of Asset Management.

Download the full paper here >> no-ordinary-collision-v6-singlepage-HR

It’s always easy to ignore or dismiss forecasts of the way the future may change our industry. Some might seem too obvious, some too far-fetched. We all exist in a daily whirlwind addressing the challenges of volatile markets and demanding clients.

It’s great to take a step back though and take a moment to think about the future of the fund management industry. that’s what i had some fun doing when I sat down to write: No ordinary collision, your 10 minute guide to the future of asset management. I took the time to read through a lot of the great thought pieces out there relating to these future themes (from the likes of PWC, EY, McKinsey and Forbes) summaraise what I saw as the key themes running through them and add some thoughts of my own.
the way I see it, the asset management world looks set to be affected by future trends and themes from at least two sources,
1. the future of work
2. the future of pensions & asset management
Each of these taken on a standalone basis are facing considerable change, taken together it creates some powerful intersections that could really change the way our industry functions and the importantly the key value chains within it.
I’ve spent some time thinking abouut what I think are the key intersections (these are shown and discussed in a little more detail below). you can read the fll report here.
Clearly there’s no single blueprint for success in such a changing and disrupted world. I’ve tried to lay out what I believe are 6 key things asset managers can address. I’d love to hear your thoughts, do tweet me to start a conversation.