A key issue in life-cycle fund design is setting the right ‘glide path’ for switching from growth to defensive assets over time. As it turns out, risk aversion is far more important than pension fund balance.
Geoff WarrenJuly 29, 2019
The chain of stakeholders in an investment organisation encourages short-term thinking. Applying the right levers to align incentives with longer-term behaviour and outcomes can solve this problem.
Geoff WarrenMarch 21, 2017