Public pensions are at the centre of changes in global finance, demographic transition and rising geopolitical tensions. The ongoing public health crisis and economic uncertainty have magnified the relevance of these issues, inevitably impacting the ability of pension funds to deliver on their obligations.
In 2019, public pension funds held $16tn in assets globally. As central banks around the world finance fiscal stimulus to offset economic collapse, pension funds will become an important buyer in the forthcoming wave of government debt issuance. Meanwhile, they will continue to face the challenges brought by rapidly aging populations and historically low interest rates. The search for yield will likely force pension funds into
unfamiliar asset classes, a trend that has already begun but is expected to grow even more prominent. Changes in the global investment landscape will also be driven by increasing public scrutiny of how pension funds meet environmental, social and governance objectives in light of their fiduciary responsibilities. As the desire for a ‘green recovery’ grows, pension funds will be under more pressure than ever to adopt responsible investment strategies. This launch aims to present the findings and review the issues covered in the publication.
Speakers:
Sally Bridgeland, Chair, Local Pensions Partnership Investment
Stefan Dunatov, Executive Vice President, Investment Strategy & Risk, British Columbia
Investment Management Corp
Torbjörn Hamnmark, Head of Strategic Asset Allocation, AP-Fonden 3
Sandy Kaul, Global Head of Business Advisory Services, Citi
David Marsh, Chairman, OMFIF
John Orchard, Chief Executive Officer, OMFIF
Pierre Ortlieb, Economist, OMFIF
Recorded on 19/11/2020