Alfred Slager is Professor of Pension Fund Management at TIAS, Tilburg University, The Netherlands. His focus is organizational design and implementation of institutional investor teams. He is a board member at pension fund ABP, one of the largest pension funds worldwide. He is in several other investment committees too.
Meer over de auteursDecision Making for Pension Boards
How to make Good Decisions to get Things Done
Samenvatting
This is a practical and easy-to-read guide about pension fund decision making processes by authors who know the ins and outs of the system. I recommend this book to any board member and trustee, and in particular to someone who is joining a pension fund board for the first time. - Sebastien Betermier, Finance Professor at McGill University, Executive Director International Centre for Pension Management
This book is an invaluable guide for anyone involved in pension management. Drawing from their 25 years of experience in the field, Slager and Vos demystify the decision-making process, equipping readers with the practical tools to navigate the complexity and uncertainty inherent in the pension sector. It is a must-read for board members seeking to better serve plan participants, and an illuminating insight into the world of pensions for everyone else. - Onno Steenbeek, Professor of Finance Erasmus School of Economics & MD Strategic Portfolio Advice, APG Asset Management
Responsible for trillions to manage for future pensioners, pension boards have stepped into the global spotlight, and they are expected to deliver, day in, day out. Read this if you want to know how boards can improve the quality and speed of decision making, keeping their heads cool, without ignoring complexities and long-term effects.
Having an international reputation as experts in the field, Martijn Vos and Alfred Slager combine their global experiences in decision making into an effective framework to help pension boards, tackling today’s challenges as long-term investments & liabilities, mandates, complex implementations and needed agility in times of market disruptions.
Read tangible steps to plan & improve and prevent being dragged into panic, inertia, or advisor dependency. This practical handbook includes topics as a decision-making framework, SAA, ALM modeling, ethics, sustainability, tackling board biases, behavioral challenges and deciding in times of crisis. To the point, great examples, and challenging your own decision making.
Specificaties
Over Martijn Vos
Inhoudsopgave
1.1 What to expect in the following Chapters 7
2) What You Should Know About Decision Making 15
2.1 A very short Overview of Pension Investing 16
2.2 Decision Making Framework 27
2.3 Important questions to ask yourself 31
3) Step One: Identify the decision needed 33
3.1 Important Questions to Ask Yourself 48
4) Step Two: Collect Relevant Information 49
4.1 Important Questions to Ask Yourself 54
5) Step Three: Decide On How To Decide 55
5.1 Important Questions to Ask Yourself 61
6) Step Four: Decide 63
6.1 Important Questions to Ask Yourself 78
PART I Decision Making, Step by Step
7) Step Five: Take Action 79
7.1 Important Questions to Ask Yourself 87
8) Step Six: Review Your Decision 89
8.1 Case Study: Strategic Asset Allocation 94
8.2 Important Questions to Ask Yourself 102
PART II Tools to Improve Decisions and Counter Potential Pitfalls
9) Behavioral Biases in Decision-Making 105
9.1 How to Tackle Biases as a Board 122
9.2 Important Questions to Ask Yourself 126
10) Working with Models to Decide 127
10.1 ALM modeling 133
10.2 ALM in the Decision-Making Process 137
10.3 Behavioral Challenges 145
10.4 Important Questions to Ask Yourself 151
11) Decision-Making and Ethics 153
11.1 Positioning Ethics 154
11.2 How Ethics are Applied in Practice 158
11.3 Decision-Making Lenses 167
11.4 Sustainability and Ethics 171
11.5 Applying Ethics in Decision-Making 174
11.6 Important Questions to Ask Yourself 177
12) Deciding under Stress 179
12.1 Board Decision-Making During a Crisis 192
12.2 Important Questions to Ask Yourself 202
13) How to Learn to Make Better Decisions 203
13.1 The Essence of Evaluation 206
13.2 Structuring Evaluations 210
13.3 Implementing the Lessons Learned 228
13.4 Important Questions to Ask Yourself 232
Further Reading 234
Notes 238
About the Authors 246
Acknowledgments 250
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- aanbestedingsrecht
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