Summary of The Future of Pension Management

Integrating Design, Governance, and Investing

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The Future of Pension Management book summary
Though under pressure, pension funds remain a powerful force for stability in financial markets.

Rating

8 Overall

8 Importance

8 Innovation

6 Style

Recommendation

Pension funds can bring stability to financial markets, argues industry expert and best-selling author Keith P. Ambachtsheer. Pension funds invest for the long term – today’s 30-year-old workers will collect their pension checks decades from now. However, pension funds must become more responsive to individual members’ unique needs. These funds should solidify their corporate cultures and investment strategies. While instructive, this guide to pension funds lacks sharp editing – Ambachtsheer’s chapters repeat some information and the writing can be dull. Such style issues not withstanding, getAbstract recommends this useful, in-depth look at a significant topic to managers, investors and policy makers seeking insights into a powerful force in financial markets.

In this summary, you will learn

  • What future challenges pension funds face
  • How some funds change with the times
  • How pension managers can handle new trends in long-term investing
 

Summary

From 1965 to 2014, the S&P 500 posted an average annual return of 9.8%. The 10-year US Treasury bond gave investors 6.7% per year. In that environment, running a pension fund – and keeping participants happy – was simple. But the upcoming 50 years will not be as kind to pension managers...
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About the Author

Keith P. Ambachtsheer, founder of KPA Advisory Services Ltd. and the author of three bestsellers, helped create the Rotman International Centre for Pension Management at the University of Toronto.


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