Pension Fund Perception Programme
The Pension Fund Perception Programme is a pensions industry-led programme designed to improve asset manager performance and service standards.
It is a new and effective way for pension funds to benchmark manager performance, and for asset managers to identify problems and opportunities.
In the first initiative of its kind, hundreds of pension funds across Europe have come together to share, in confidence, their experiences and perceptions of asset managers that they employ.
Participating pension funds in Phase I of the PFPP had more than €1 trillion of assets under management and reported on over 300 asset managers.
In doing so, they pinpointed areas where asset managers were not meeting expectations, as well as those areas where they exceeded them. As a result, there is now an effective tool for pension funds to compare manager performance with their peers, and for asset managers to specifically identify problems and opportunities.
Issues highlighted by the Programme reports will be specific and actionable - so by identifying problems, this Programme will lead directly to improvements in performance.
Phase II will go even further to define strengths and weaknesses in asset manager service by the asset classes they are running - equities; fixed income; real estate; cash; alternatives/other.
Participation in Phase II of the Programme is limited to a select group of organisations.