mast image

Special Report

Impact investing

Sections

NAPF needs to broaden appeal, Ellison says

UK – The new chairman of the National Association of Pension Funds has said that in the future the association could turn into a federation including different interest groups like defined benefit schemes.

Robin Ellison, who took over from Terry Faulkner outlined the NAPF’s future at its annual conference in Manchester last week.

“I am not sure we are structured to give members the right services,” Ellison said. “I don’t think we are broad enough.” He told IPE that the NAPF could open to other stakeholders.

“We may have separate interest groups: small schemes, big schemes, defined contribution schemes,” he said, adding that any innovation would first be considered by members.

Ellison, also commented on the impact the launch of the new Pensions Regulator. He said the NAPF will tackle the changes brought by new legislation and suggested the setting up of a “kind of protection society” to balance the new regulator’s powers.

“This is not an attack on the regulator,” he said. “We need to explore whether we have the products and services to meet the demands of people who are now regulated. We have never been regulated.”

Ellison, who is a partner at law firm Pinsent Masons, warned against over-regulation in the UK pension industry.

He pointed out that with the new European directive on occupational pensions, which is to come in force in September, multinational employers could chose not to stay in the UK, because “ it is too complicated, too expensive, too constraining”.

“At the moment employers and workers are making pension decisions on the base of the regulatory framework, rather than what they want or need or can afford and that’s wrong.”

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<