Charles discusses the prevalent trend among corporate pension peers towards liability-driven investing (LDI) and pension risk transfer, expressing his belief in maintaining a focus on absolute returns. He highlights the challenges faced by CFOs who often feel unqualified to manage pension assets, and critiques the tendency of his peers to relinquish control over their investment strategies. Additionally, he shares insights from his experience as a trustee of UK plans, emphasizing the complexities introduced by required consultants and beneficiary participation.
