From Silos to Synthesis
Plan sponsors today face an unfamiliar landscape, devoid of landmarks. Outsized investment performance — once expected — now seems far beyond reach. Old assumptions about risk and responsibility no longer serve as useful guides. One misstep now and the consequences can be brutal.
Heightened fiduciary concerns have forced investment managers to re-examine past practices. Yet within fiduciary constraints (and sometimes because of them) opportunities still exist to generate returns in line with the expectations of plan participants.
One thing is certain — investment management, corporate governance and legal oversight no longer can exist as separate silos. Indeed, they will act in synergy if plans are to be successful. That shift — from silos to synthesis — has significant implications that policy makers across the pension plan industry have only begun to consider.
In this space we will address some of the more critical implications. What does the new landscape look like? Who stands to benefit and how? What are the new best practices?
And we’d also like to hear from you too. If you have a comment on something we’ve written or a suggestion for a future topic, please contact us at info@harrisonfiduciary.com.