Pensions Aspects Magazine

Pensions Aspects is one of the UK’s leading pensions magazines, published bi-monthly by the PMI in collaboration with some of the most respected organisations in pensions and finance. We bring you fresh insights, expert analysis, and real-world case studies on finance, inclusion and diversity, pension trusteeship, digital transformation, cybersecurity, governance, and much more. As our flagship publication, Pensions Aspects keeps you informed on the issues that shape our industry, from policy developments and regulatory changes to emerging best practices. More than just a magazine, Pensions Aspects is a space for meaningful conversations. By bringing together thought leaders and industry experts, we help drive innovation and progress in pensions and financial wellbeing. Pensions Aspects is shared with over 4,000 PMI members each year, providing essential member resources, exam updates, industry news, and exclusive interviews—all in one place.

09 April 2021

Benefits of becoming a trustee – what the future holds

The World Economic Forum in their 2019 report listed the top ten global risks foreseen. A viral pandemic was not one of them. Bill Gates was closer in his predictions and some worry he would microchip us all. Not that he needs to – the mobile companies know all our movements anyway, and Facebook and Amazon know the rest (save for our health passport and the pensions dashboard). So what might trustees expect next?

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09 April 2021

Your scheme is bespoke... why isn’t your LDI solution?

Liability Driven Investment (LDI) has become an increasingly important part of pension funding, with over half of UK pension schemes liabilities now hedged using LDI¹.

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09 April 2021

Cyber justification - a question of security?

If I asked you about cyber security, what would come to mind? You might think about nineties-era fussy firewalls, or the guards from Tron with their laser-frisbees. And many of us will know someone for whom the term means sticking a bit of tape over the camera on their laptop.

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09 April 2021

The case for a responsible investment approach across financial markets

Responsible investment has traditionally focused on shareholders and their influence over management decisions, but fixed income assets are the foundation of many investors’ portfolios and dominate global financial markets.

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09 April 2021

The Rule of Six: Six top tips for managing risk

Trustees are legally required to have adequate internal controls in place for their scheme, and this includes procedures to manage risk. To comply with the Pensions Regulator’s Code of Practice on internal controls, trustees must be able to evidence the internal controls that ensure they remain satisfied that their scheme is being well managed in accordance with the law and the scheme’s rules.

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09 April 2021

Heuristics and bias in trustee decision-making

Psychological research has shown that human decisionmaking is subject to numerous fallacies and biases. Experts’ decisions across a wide range of critical domains, including medicine and finance, are also demonstrably susceptible and so understanding bias and how it affects decisions is crucial for improving decisionmaking in a wide range of contexts. Funded by the Actuarial Research Centre of the Institute and Faculty of Actuaries, and with the support of Aon, who provided us with access to pension trustees, we conducted a series of controlled experiments designed to test for the use of decision heuristics in trustees.

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