The Trustee Guide to Investment

The Trustee Guide to Investment is a unique and refreshingly practical guide to the expanding range of markets, investments, tools and techniques to which pension scheme trustees must now become familiar.

'It is becoming increasingly difficult for trustees, old and new, to distinguish between substance and marketing hype. This book is essential reading for those who want to minimise risks and maximise opportunities without being taken to the cleaners.'

• Alan Pickering CBE, Chairman, BESTrustees

  'Quite simply the book every Trustee should read and understand. Written clearly and concisely, it is compulsory reading for my Committee!'

• Mike Urmston, Chair of the Aviva Staff Pension Scheme Investment Committee

  'This book is written with a mission not only to advance trustees' investment knowledge by demystifying the jargon and terminology that surrounds investment with its many and various nuances, but also to provide trustees with the necessary confidence and competence to adopt an advanced level of investment governance for their scheme.'

• Dawid Konotey-Ahulu, co-founder, mallowstreet.com

  'As simplicity in many aspects of trusteeship and investment gives way to increased complexity, at last we have a refreshingly objective and practical guide to the ever expanding range of markets, investments, tools and techniques to which pension scheme trustees are increasingly exposed and regularly bombarded.'

• Rob Gardner, co-founder and joint-CEO Redington Limited

  Autorentext
  ANDREW CLARE is Professor of Asset Management at the Sir John Cass Business School in London. He was a Senior Research Manager in the Monetary Analysis wing of the Bank of England which supported the work of the Monetary Policy Committee. He has published extensively in both academic and practitioner journals on a wide range of economic and financial market issues. In a recent survey Andrew was ranked as the world's ninth most prolific finance author of the past fifty years. Andrew serves on the investment committees of the GEC Marconi pension plan and on the Magnox Electric Group Pension plan.

  CHRIS WAGSTAFF is a Member Nominated Trustee Director of the Aviva Staff Pension Scheme and a member of its Investment Committee. He is also a Visiting Fellow of the Sir John Cass Business School in London. Chris has over 25 years experience in the finance and investment industry and has spent the past 17 years training and writing on many aspects of economics, investment, pensions and asset management. Chris has an economics degree from University College Cardiff, holds the Chartered Institute for Securities and Investment Diploma, the CII Personal Finance Society Diploma and is a graduate of the London Business School Investment Management Evening Programme.

  Inhalt
  The Pension Promise Why Trustee Knowledge and Understanding and Investment Governance are Important The Main Parties Trustees Deal with on Funding and Investment Issues The Macroeconomic Background to Pensions The Traditional Asset Classes Risk and Risk Management Asset Allocation Derivatives Interest Rate and Inflation Swaps Alternative Assets Portfolio Management Liability Driven Investment Environmental, Social and Corporate Governance Behavioural Finance Manager Selection Conclusion