Contents 12


Interview: Berkshire Pension Fund


Damien Pantling explains how the scheme he leads is beating its benchmark, changing corporate behaviour and future proofing its portfolios.


20 The US


The United States is in turmoil, while some emerging markets are producing envious levels of growth, so is its time as the world’s leading economic powerhouse coming to an end?


28 38 UK equities


British pension scheme exposure to domestic shares has fallen to less than 2%. But with the value of the unloved asset class improving, should investors look closer to home for their risk assets?


ESG interview: Church


Commissioners for England Social themes lead Dan Neale explains how he is promoting greater equality and discusses the Church’s work in ditching fossil fuels and managing nature-related risk.


32 Debt


Debt will be crucial in making the world greener and fairer, so how are pension schemes and insurers using their influence to create positive environmental and social outcomes?


6 News 8 Noticeboard 9 The Big Picture


10 Industry view 26 ESG: News 42 The final countdown


Issue 127 | October 2023 | portfolio institutional | 5


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44