Railpen

Railpen: good partners add skills

When the $37 billion pension fund embarked on a joint venture with the Alaska Permanent Fund and Kuwait's Public Institution for Social Security, it learned the value of complementary partnership

Sarah RundellJune 29, 2018

Looming downturn forces moves

Asset owners are diversifying, cutting costs and allocating assets to low-volatility strategies to put their portfolios in position for difficult times, a high-level panel discussion found.

Sarah RundellApril 27, 2018

Tough climate marks value in governance

The link between better governance and stronger returns lies somewhere between faith and fact; however, in a historically tough climate, the argument for best practice seems overwhelming.

Tim MitchellJanuary 11, 2017

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. […]

Simon HoyleOctober 29, 2014

Uncategorised posts

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. […]

Amanda WhiteNovember 15, 2013

Uncategorised posts

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 […]

Amanda WhiteSeptember 20, 2013