Adapting to investment uncertainty – with Niall Aitken, head of investment strategy at Aegon UK

Описание: In this episode of The Professional Investment Podcast, Niall Aitken, head of investment strategy at Aegon UK, chose Professional Pension’s story that schemes are adapting portfolio construction as uncertainty becomes structural.

We discussed how Aegon is adapting their portfolio strategy both during the wealth growth and wealth spending stages of the member journey. We talk about how private assets are being incorporated into both parts of the journey.

Aegon has worked with third-party asset managers to build three different LTAFs which can be used at different points of the member journey.

We also talked about how Aegon is incorporating more equity exposure during retirement but sacrificing some of the upside to protect against market corrections which have negative for particular cohorts.

Niall discussed what good performance looks like both during the wealth building and spending stage of the portfolio. He unpacked whether the current value for money framework accurately captures performance and how this might be applied to retirement portion of the journey.

Finally we discussed whether the result of value for money would be herding around the same performance metrics which could result in very similar portfolio strategies and little innovation in workplace pension schemes.

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ABOUT THE GUEST:

Niall is Head of Investment Strategy in the Investment Proposition team at Aegon UK and is responsible for building a strategy and development roadmap, and implementation of investment solutions to drive growth in Aegon's Workplace and Adviser channels to deliver the best possible investment outcomes for Aegon's customers. Niall has been with Aegon for 3 and a half years having spent 16 years with Royal London in a variety of pension and investment roles ending his time there as a senior investment actuary.

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ABOUT THE HOST:


Charlotte Moore is an award-winning journalist and co-founder of Moore Squared Communications. She has spent almost two decades writing about how the UK’s largest investment organisations allocate their capital for a number of different specialist magazines including Professional Pensions, IPE and MandateWire. She started this podcast to increase understanding of how and why the UK’s £3 trillion pensions industry invests its members’ capital to provide the best possible retirement.


🔗 https://mooresquaredcommunications.co...

Chapters:

00:00 – Introduction & Guest Welcome
00:00:38 – Story of the Week: Pension Conflict of Interest Concerns
00:01:48 – Member Interests, Tied Advice & Endgame Risks
00:02:40 – Types of Conflicts Trustees Face
00:04:42 – Unconscious Bias & Advisor Selection
00:05:53 – Trustee Influence on Investment Decisions
00:06:02 – The Pensions Regulator & “Good Trusteeship” Standards
00:08:34 – The Rise of Sole Trusteeships
00:11:44 – Endgame Planning: Buyout, Run-On & Superfunds
00:26:44 – Surplus, Fairness & Final Reflections

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