Using investments to improve the world.

Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.

Under new set-up, a plan is over-funded, which serves as a cushion in a downturn.  Any benefit cuts are only as a last resort.

UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’

Handling asset rebalancing, maintaining board relations, and dealing with outside managers with big ideas are important items on plan managers’ agendas.