Aberdeen plc has recently announced a strategic decision to use its staff defined benefit scheme surplus to fully fund ongoing contributions to its defined contribution scheme. This move extends the investment horizon for the scheme and supports a greater allocation to growth assets and private markets to enhance returns.
During this session, the event speakers compared:
Risk budget.
Cashflow matching.
Environmental and sustainable policies.
Using private credit to enhance yields.
Growth assets such as infra equity.
The Aberdeen Investments team highlighted how the extended investment horizon of a run-on strategy or open schemes, like local government pension schemes (LGPS), bypass the insurance capital requirements of a bulk purchase annuity transaction, offering greater flexibility to pursue higher yields while maintaining a sustainable investment strategy.
Ecosystem Theme: Climate Innovation
Who was this event open to?
This event was open to asset owners such as pension fund trustees and in-house executives, independent investment advisers, investment consultants, academics, government and regulatory organisations, and professional bodies.
Speakers
Brian Denyer, Senior Solutions Director – Pensions, Aberdeen Investments
Brian works in the Aberdeen Investments’ Global Pensions Solutions team andled in designing and agreeing the run-on framework of the staff pension scheme. He has 24 years’ experience in the pensions industry, including 20 years in consultancy, where he held many roles including scheme actuary, investment consultant and corporate pensions adviser covering mergers and acquisitions, restructuring, and investment and funding matters. Brian is a Fellow of the Faculty of Actuaries and a trustee of another of Aberdeen’s DB pension schemes.
Marianne Zangerl, Deputy Global Head of Fixed Income and Head of Fixed Income ESG, Aberdeen Investments
Marianne is responsible for overseeing Aberdeen Investments global fixed income business with a focus on illiquid fixed income and sustainability. She chairs the environment, social and governance (ESG) fixed income network and is a member of numerous sustainability investment committees. Marianne is also a fund manager for two funds which invest across private credit classes and sits on various private credit investment committees.
Marianne joined the firm in 2015, having previously spent time in the institutional banking industry in Sydney, Australia and London. Marianne graduated with a BA in Commerce and a BA in Arts from the University of Sydney.
Rosie Eden, Director, Concession Infrastructure, Aberdeen Investments
With over a decade of experience as part of the infrastructure team that manages over £3.7bn in AUM, Rosie has a focus on origination and execution of infrastructure projects largely under the Public Private Partnership model in the UK and US. She has experience of being on board of directors for a number of key infrastructure assets. Notably, she was part of the team that won the landmark Silvertown Tunnel project in London which completed construction and opened on-time to traffic in April.
Host
Laasya Shekaran, Director, Pensions for Purpose
Laasya is responsible for working with our Community, developing content and knowledge, and driving forward collaborative initiatives across the industry.
Laasya is passionate about approaching pensions and investment with a systems lens and understanding how these sectors interact with the wider social and environmental systems they exist within.
Laasya is a CFA charterholder with experience working with a range of asset owners as an investment adviser, with a focus on corporate defined benefit pensions. Laasya is a regular speaker at industry conferences and events, and is also an experienced podcast host, currently hosting the Pensions for Purpose podcast. Laasya is an advocate for diversity, equity and inclusion and is particularly passionate about anti-racism activism. She has previously won the Women in Pensions and Women in Investment Rising Star awards.
Pensions for Purpose
Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.
Our Community allows members to learn from leaders in the impact investment industry. We provide a trusted environment to interact, collaborate and share knowledge. Members engage in a programme of activity to shape their strategy in ESG, sustainable and impact investments.
For more information, please email the Membership Manager.
Phone:
Finance: 01234 388845
Events: 0330 223 6152
Address:
11 Phillips Close
Headley
Hampshire
GU35 8LY
Pensions for Purpose acts as an information centre only. We do not endorse any content published on this website that originated from one of our members. For more information, please see the website terms of use
Follow us on socials:
