In this episode of The Professional Investment Podcast, Niall Aitken, head of investment strategy at Aegon UK, chose Professional Pension’s story that schemes are adapting portfolio construction as uncertainty becomes structural.
We discussed how Aegon is adapting their portfolio strategy both during the wealth growth and wealth spending stages of the member journey. We talk about how private assets are being incorporated into both parts of the journey.
Aegon has worked with third-party asset managers to build three different LTAFs which can be used at different points of the member journey.
We also talked about how Aegon is incorporating more equity exposure during retirement but sacrificing some of the upside to protect against market corrections which have could have negative implications for particular cohorts.
Niall discussed what good performance looks like both during the wealth building and spending stage of the portfolio. He unpacked whether the current value for money framework accurately captures performance and how this might be applied to retirement portion of the journey.
Finally we discussed whether the result of value for money would be herding around the same performance metrics which could result in very similar portfolio strategies and little innovation in workplace pension schemes
Watch or listen now
