Matt runs the economics team at Barnett Waddingham who are responsible for research into capital markets and our market outlook literature. He also has a wealth of experience in strategy setting, manager selection, liability hedging, long-term investment de-risking and DC work.
His reputation for providing clear advice has helped him to become a well-known and trusted advisor to a wide range of pension schemes and professionals. He has significant experience in devising and implementing successful liability hedging solutions.
Should bulk annuity purchases be of interest to more schemes? With 132 transactions in 2017, this is small compared to the 5,700 UK DB pension schemes. Are schemes missing a trick, or does bulk annuity purchase only make sense in a minority of cases?
A key difference between the private and public markets is the level of illiquidity and complexity, with private assets typically being less liquid and more complex than their public counterparts.
In this paper we demonstrate the importance of governance and explain how taking the time to ensure you have strong governance in place will bring real benefits.