Over the long term, investment outcomes for pension schemes and savers are shaped more by the overall performance of the market than by individual companies or assets. However, much of asset owners’ stewardship efforts are still focused on influencing individual companies and assets.
Markets are facing significant challenges from climate change, biodiversity loss and inequality, to name a few.
Asset owners, therefore, have a strong interest in encouraging economy-wide changes that will mitigate these headwinds and ensure investment markets are supported by sound environmental and social systems.
This online roundtable explored how asset owners can foster such changes, including through direct engagement with policymakers, by participating in industry working groups, and influencing the activities of asset managers and consultants working on their behalf.
This session aimed to deepen understanding of what is possible in this area and provided practical tips on using influence to address systemic risks. LCP shared latest research on the actions asset owners and managers are taking,
What was covered?
Who was this event open to?
This event was open to asset owners such as pension fund trustees and in-house executives, asset managers, professional trustees, professional bodies, academics, social enterprise and government and regulatory.
Listen to LCP on the Pensions for Purpose podcast! You can hear from speaker Claire Jones as she joined Karen Shackleton to talk about why pension schemes need to use their influence to seek policy change. The episode is available NOW on Apple, Spotify and the Pensions for Purpose website. With 12 episodes live, be sure to listen back and hit the Follow button so you don't miss a future episode.
Sponsor
Speakers
Claire Jones, Partner, LCP
Claire is an actuary with over 20 years’ experience spanning investment, pensions and sustainability.
Claire is Head of Responsible Investment at LCP, and leads their work on systemic stewardship, engaging with regulators and policymakers to address systemic risks such as climate change, that could materially harm financial outcomes for clients. She advises large asset owner clients, helping them to invest sustainably, implement their net-zero commitments and undertake effective stewardship.
Claire represents LCP on the Steering Committee of the Investment Consultants Sustainability Working Group, and leads its Influence workstream, which engages proactively with regulators and policymakers on ways to support sustainable investment and reduce the regulatory burden on pension schemes. She received the 2022 Alan Watson Award from the outgoing President of the Institute and Faculty of Actuaries for helping to lay the foundations of the IFoA’s sustainability work during her time on its Resource and Environment Board (2014-19). Claire was a member of the Pensions Climate Risk Industry Group which published climate change guidance for pension trustees in 2021.
Ken Willis, Partner, LCP
Ken has been helping clients for over three decades, to understand risk, improve their investment returns and better secure members' outcomes. He advises a range of £bn+ clients, with different objectives.
He helps clients focus on what matters most, so they get a great strategy in place, invested in the best investments quickly, with a focus on delivering real-world sustainable returns.
Ken is passionate about challenging the status quo and responsible investing. Within LCP, his role allows him to deliver the areas he is passionate about, to ensure LCP continues to innovate and to develop the tools and technology to help deliver exceptional advice.
Host
Richard Giles, Senior Director and Community Lead, Pensions for Purpose
Richard is a Senior Director at Pensions for Purpose and responsible for working with our Community Partners, setting our strategic themes and hosting events for all the members of our network.
Richard has over 30 years’ experience of working in the pension industry as an adviser, senior executive, board member and trustee. He has a portfolio of board roles in finance, education and culminating in looking after the planet.