Far too many British pension trustees—even in large funds—have an inadequate understanding of investment and the financial markets. Trustees are now expected to take center stage in making informed financial decisions to cover a scheme’s future liabilities and to manage risks in a way in which they can be held accountable. At the same time, they are having to consider more complex and innovative financial instruments to diversify their portfolios and to improve their returns.This book is designed as a practical, easy-to-follow guide to the new UK financial environment in which pension trustees now have to operate. Edited by Robin Ellison, it sets out the challenges that trustees now face in making investment decisions, providing them with a set of working definitions and the financial techniques and tools they need in order to improve their returns and safeguard their risks.Given the statutory requirement to draw up a statement of investment principles, it discusses the strategies that trustees might pursue and reviews the pros and cons of “liability driven investments”, a new approach for managing potential deficits. It summarizes the latest thinking and techniques in traditional assets, such as equities, bonds, property and cash and it examines the potential for investing in less conventional asset classes, such as hedge funds, private equity and commodities, where both rewards and risks can be high. It looks at the use of innovative financial instruments, such as derivatives and real estate investment trusts, defining what they are and how they can help trusts invest in a more efficient and flexible manner.For trustees looking for more simplicity and lower costs, a rundown is given of tracker funds and pooled investments. The book also discusses the implications of investing on an international or global basis, highlighting in particular the implications of foreign exchange and tax.

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nexusstc/The Pension Trustees Investment Guide/bb5d2d6af00f281043a35a048b84cd78.pdf

zlib/Business & Economics/Management & Leadership/Robin Ellison, Adam Jolly/The Pension Trustees Investment Guide_920826.pdf

Ellison, Robin; Jolly, Adam

Jolly, Adam, Ellison, Robin

Ebsco Publishing

United Kingdom and Ireland, United Kingdom

United States, United States of America

London, England, 2008

London, 2007

до 2011-01

lg496209

{"isbns":["1435631617","185418430X","9781435631618","9781854184306"],"last_page":227}

Includes bibliographical references (p. 209-223) and index.

<p>Far too many British pension trustees-even in large funds-have an inadequate understanding of investment and the financial markets.</p><p>Trustees are now expected to take center stage in making informed financial decisions to cover a scheme’s future liabilities and to manage risks in a way in which they can be held accountable. At the same time, they are having to consider more complex and innovative financial instruments to diversify their portfolios and to improve their returns.</p><p>This book is designed as a practical, easy-to-follow guide to the new UK financial environment in which pension trustees now have to operate. Edited by Robin Ellison, it sets out the challenges that trustees now face in making investment decisions, providing them with a set of working definitions and the financial techniques and tools they need in order to improve their returns and safeguard their risks.</p><p>Given the statutory requirement to draw up a statement of investment principles, it discusses the strategies that trustees might pursue and reviews the pros and cons of 'liability driven investments', a new approach for managing potential deficits. It summarizes the latest thinking and techniques in traditional assets, such as equities, bonds, property and cash and it examines the potential for investing in less conventional asset classes, such as hedge funds, private equity and commodities, where both rewards and risks can be high. It looks at the use of innovative financial instruments, such as derivatives and real estate investment trusts, defining what they are and how they can help trusts invest in a more efficient and flexible manner.</p><p>For trustees looking for more simplicity and lower costs, a rundown is given of tracker funds and pooled investments. The book also discusses the implications of investing on an international or global basis, highlighting in particular the implications of foreign exchange and tax.</p>

Far too many British pension trusteeseven in large fundshave an inadequate understanding of investment and the financial markets.
Trustees are now expected to take center stage in making informed financial decisions to cover a schemes future liabilities and to manage risks in a way in which they can be held accountable. At the same time, they are having to consider more complex and innovative financial instruments to diversify their portfolios and to improve their returns.
This book is designed as a practical, easy-to-follow guide to the new UK financial environment in which pension trustees now have to operate. Edited by Robin Ellison, it sets out the challenges that trustees now face in making investment decisions, providing them with a set of working definitions and the financial techniques and tools they need in order to improve their returns and safeguard their risks.
Given the statutory requirement to draw up a statement of investment principles, it discusses the strategies that trustees might pursue and reviews the pros and cons of liability driven investments, a new approach for managing potential deficits. It summarizes the latest thinking and techniques in traditional assets, such as equities, bonds, property and cash and it examines the potential for investing in less conventional asset classes, such as hedge funds, private equity and commodities, where both rewards and risks can be high. It looks at the use of innovative financial instruments, such as derivatives and real estate investment trusts, defining what they are and how they can help trusts invest in a more efficient and flexible manner.
For trustees looking for more simplicity and lower costs, a rundown is given of tracker funds and pooled investments. The book also discusses the implications of investing on an international or global basis, highlighting in particular the implications of foreign exchange and tax.

Understanding financial markets. Far too many pension trustees - even in large funds - have an inadequate understanding of investment and financial markets. This book - tailored specifically for pension fund trustees - fills an important knowledge gap. Designed as a practical, easy-to-follow guide to the new financial environment in which pension trustees are learning to operate, it provides you with a set of working definitions, and the financial techniques and tools needed in order to improve returns and safeguard risks. It summarises the latest thinking and techniques in traditional assets, such as equities, bonds, property and cash, and examines the potential for investing in less conventional asset classes, such as hedge funds, private equity and commodities, where both rewards and risks can be high

2011-06-04