A second smaller group of respondents had more precise technical wishes as follows. “Forward-looking, highlighting what should or could happen in the future rather than concentrating on what has happened in the past.”
– “Consistent small outperformance of benchmarks so risk levels are not exceeded.”
– “Fund manager is concentrated, closes to new money from time to time, co-invests and has consistent investment philosophy.”
– “A long-term partnership where the fund manager’s investment approach is well-aligned with the interests of the ultimate beneficiaries.
– “Evidenced alpha as described.”
– “Long term.”
THE INVESTMENT ASSOCIATION’S VIEW
portfolio institutional showed the answers to the Investment Association (IA) who came back with the following response.
“The IA has been working hard to enhance the relationship between industry, pension funds and trustees. Part of this includes the Independent Advisory Board advising the IA on its forthcoming Disclosure Code.
“Chaired by National Employment Savings Trust (NEST) chief investment officer Mark Fawcett, the board includes other senior figures from the pensions sector, covering both trust and contract-based provision. “This initiative will help both the investment and pension industry provide even greater transparency and accountability, with consistency across the products and services market.”
CHARITABLE CONTRIBUTION FOR THE SURVEY
Respondents to the survey were each given the option for portfolio institutional to donate £5 to a charity of their choice. Here are the charities nominated:
Battersea Dogs Home, Cancer Research, Crisis, Help for Heroes, Injured Jockey’s Fund, MacMillan, Maggie’s Centres, Mencap, MS Trust, Neuroblastoma UK, Prostate Cancer, Red Cross Syria Appeal, Scout Association, Scripture Union Scotland, Shelter, TearFund, UNICEF, and Wateraid.
