UK - The corporate finance chief who masterminded the Boots Pension Fund's shift from equities to bonds, John Ralfe, has launched his own consulting firm.
Ralfe says that while companies may have treated pensions as semi-detached in the past, they are now right at the top of the agenda for all financial directories and chief executives.
And Ralfe believes that with 20 years’ experience in banking and corporate finance, he not only understands the technical aspects of pensions but also the “bigger picture” of corporate finance.
“People who understand pensions, don’t understand the bigger picture; people who understand the bigger picture don’t understand pensions.”
He added: “There is no one easy answer to pensions – each company starts from a different point – but all companies must have a coherent and robust approach to their pension issues, which they can explain to shareholders, banks and pension scheme members.“
Further information on his new firm – John Ralfe Consulting – is available at www.johnralfe.com.
The website also includes a wide selection of pensions papers and articles.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.