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The Future of Pension Management
Book

The Future of Pension Management

Integrating Design, Governance, and Investing

Keith P. Ambachtsheer
Wiley, 2016

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Editorial Rating

8

Qualities

  • Innovative

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.

Take-Aways

  • Pension funds’ uniquely long-term view makes them stabilizing forces in volatile financial markets.
  • Low interest rates and unfavorable demographic trends are buffeting pension funds.
  • Leaders in Europe, Australia and North America have moved beyond the concepts of defined-benefit and defined-contribution plans to “defined-ambition,” or DA, plans.

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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