Tim Manuel


“Anyone waiting for definitive evidence that this will lead to better financial outcomes could miss the boat by the time it comes.” Tim Manuel, Aon


portfolio institutional: What are asset owners hoping to achieve from investing responsibly? Edward Mason: We manage the Church of England’s endowment, so we have a dual fiduciary respon- sibility. We have to maximise financial returns for our beneficiaries, but we also have to reflect the values of our stakeholders in the church. For us, it is about values and value. Frances Deakin: Local Pensions Partnership’s founding shareholders – the Lancashire County Pension Fund and the London Pensions Fund Authority – have a track record of responsible investment. This came from a recognition that fiduciary duty is to have a holistic view of companies that they might invest in. It is not just how you make money and what you are making it from, there is a risk perspective as well.


LPP does not confuse responsible investment, which we see as informed investing, with being an impact investor, who sets out to make a social impact over and above the returns. Claire Curtin: It is about ensuring that all investment risks throughout the horizon of your liabilities are considered. The risk element is particularly important for us because of our purpose to provide compensation when underlying sponsors fall.


6 November 2019 portfolio institutional roundtable: Responsible investing


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