The Coller Pensions Institute's vision is to eradicate old-age poverty and drive sustainable economic growth.
The Coller Pensions Institute's vision is to eradicate old-age poverty and drive sustainable economic growth.
Our mission is to develop and implement innovative pension policies to expand coverage, promote sustainable economic growth and reduce old-age poverty worldwide.
Jeremy Coller is Chief Investment Officer and Managing Partner of Coller Capital, which he founded in 1990. Jeremy's engagement with pensions spans across his whole career. He worked for ICI Pension Plan before founding Coller Capital and now, more than 30 years later, he continues to support pension funds to achieve better results for its pensioners. A noted philanthropist, Jeremy funds a wide variety of initiatives globally, including the Coller Pensions Institute. Further information on his Foundation’s work can be found by visiting the Jeremy Coller Foundation.
Fiona, who is based in Australia, brings 30 years’ experience in the financial services, superannuation, and pension sector including most recently a decade at the helm of the PRI. Fiona holds several leadership roles with other sustainable finance related organisations including President of FAIRR, Chair of the UN Global Compact (Australia) and serving on several boards including Frontier Advisors, the Australian Sustainable Finance Institute, and the Achieve Foundation. She also has a range of roles on advisory boards across the sustainability sector.
David Pinkus is an Affiliate Fellow at Bruegel, an economic policy think tank. His research focuses on the macroeconomic effects of pension systems and future challenges to social security systems. He previously worked as a consultant at the OECD, researching policies to enable institutional investors to finance infrastructure. He holds a Ph.D. in Economics from Copenhagen Business School and is affiliated with its Pension Research Centre (PeRCent).
Roel Beetsma is Dean of the Faculty of Economics and Business of the University of Amsterdam and Professor of Macroeconomics. He is also Visiting Professor at Copenhagen Business School and Research Fellow of the CEPR and CESifo. Roel was a Member of the European Fiscal Board, the Supervisory Board of ASR Vermogensbeheer and the Supervisory Board of the pension fund for the Dutch retail sector. He has held visiting positions at DELTA (Paris), the University of British Columbia (Vancouver), the University of California in Berkeley and the EUI Florence. Roel has been a consultant for the ECB, the European Commission and the IMF. He was the Chair of a Dutch government commission on the European economy and Member of a Dutch government commission on second-pillar pensions. His research has been widely published in such journals as the American Economic Review, the Journal of Economic Literature and the Economic Journal.
David Bell is the executive director of The Conexus Institute, an independent think tank focused on improving retirement outcomes for Australians. David is an active researcher (industry and academic) in the areas of retirement, superannuation, investment management and governance.
David’s industry career experiences include the role of CIO at Mine Super, founder and director of his own consulting firm (St Davids Rd Advisory) and 12 years at CFS GAM (now First Sentier), mainly leading the fund-of-hedge funds investment team. David was a co-founder of financial newsletter Cuffelinks (now Firstlinks), and developed and taught the hedge funds elective at Macquarie University’s Applied Finance Centre. David completed his PhD at UNSW, with a focus on asset allocation problems related to lifecycle modelling.
Gautam is a co-founder of pinBox Solutions, a global pensionTech and expert advisory firm committed to expanding pension coverage among informal sector workers in developing economies. Over the last 3 decades, he has worked with governments, regulators, development institutions and financial inclusion stakeholders in over a dozen countries to help design, build and deploy inclusive micro-pension products, platforms and programs that enable and encourage self-employed workers to accumulate savings for their old age.
Helen Dean is Chair of the Standard Life Master trust pension scheme, a Trustee and Board member of Step Change debt charity, she is also Chair of the Your Island Pension, the scheme which the government of Guernsey has established for their new programme of auto-enrolment into pensions and she is also a Non-Executive Director of the Scottish Government.Helen has spent her working life working in government and in financial services, where she has focussed on improving financial resilience for individuals and families across the UK. After studying Psychology Helen started her career in Government where she developed the policy and legislation for the pension reforms that led to auto-enrolment and the establishment of National Employment Savings Trust (Nest). Helen joined NEST in 2012 and served as its CEO 2015-2024.Helen was awarded a CBE in the 2021 New Year Honours list for her services to pension saving.
David Haynes is a pioneer of the modern superannuation system in Australia, with over 30 years experience as a leading expert in all aspects of pension funds policy, change and legislation. He has held numerous influential positions, including chief executive, executive and trustee director roles in superannuation funds, industry associations and other financial institutions, including a major bank. David has been a key driver for policies benefiting ordinary workers, consistently advocating for improved financial advice, retirement products, transparency, technology and regulation; helping to shape Australia's retirement landscape.
Professor Svend E. Hougaard JensenSvend E. Hougaard Jensen is Professor of Economics at the Department of Economics at Copenhagen Business School (CBS). He is also the Director of the Pension Research Centre (PeRCent) at CBS and a Non-Resident Fellow at Bruegel, the Brussels-based economic policy think tank. Svend has contributed to several policy reports and initiatives for institutions such as the World Bank and the European Commission’s DG ECFIN, as well as several Danish ministries.Svend has authored numerous academic publications and books on a wide variety of topics including public and private pensions, demographics, fiscal policy, and financial stability. He holds a PhD in Economics from London Business School.
David Knox AM is a senior partner at Mercer and a globally recognised expert on retirement systems. He has advised governments and institutions and has authored 16 editions of the Mercer CFA Institute Global Pension Index, a key resource for evaluating pension systems worldwide.David is a qualified actuary and holds a PhD from Macquarie University. He was the Foundation Professor of Actuaries Studies at the University of Melbourne. His research on retirement incomes has guided his work in pension system evaluation and reform.
Anita Mukherjee is an Associate Professor of Risk and Insurance at UW-Madison's Wisconsin School of Business. Her research focuses on household finance, retirement, and financial literacy. She has published in a variety of economics and finance journals and is currently an Editor of the Journal of Pension Economics and Finance. In 2024, Anita was the recipient of the Early Career Scholarly Achievement Award from the American Risk and Insurance Association. She is a fellow of the TIAA Institute, a consultant at the Federal Reserve Bank of Chicago (Insurance Initiative), and a member of the G53 Financial Literacy and Personal Finance Research Network. Anita earned her Ph.D. in Applied Economics at The Wharton School, University of Pennsylvania under the supervision of Professor Olivia S. Mitchell. She also holds an M.S. in Management Science and Engineering, a B.S. in Mathematics, and a B.A. in Economics, all from Stanford University.
Sophie Robinson-Tillett is a journalist specialising in sustainability and responsible investment. She was editor of Responsible Investor, and is currently Contributing Editor at Investment & Pensions Europe. She is the founder and editor of Real Economy Progress, and a senior associate at the University of Oxford's Public & Third Sector Academy for Sustainable Finance.
Ofer Setty is an Associate Professor at the Eitan Berglas School of Economics Tel Aviv University, where he specializes in public economics and finance. His research focuses on the design of social insurance policies such as retirement savings and unemployment insurance. He has published in leading finance and economics journals, including the Journal of Finance, Review of Finance and the Journal of the European Economic Association. His work has been supported by the European Commission, the National Bureau of Economic Research and the Israeli Science Foundation. He holds a Ph.D. in Economics from New York University and is affiliated with Copenhagen Business School’s Pension Research Centre (PeRCent).
Fiona Stewart is part of the World Bank’s Social Protection team. As Global Lead for Aging and Pensions, she provides policy advice to governments around the world. Fiona has been with the Bank since 2012, previously with the Finance and Markets teams as the Global Lead for Insurance & Pensions. She also helped to coordinate the Bank’s work on sustainable finance, including representing the institution at the G20 Sustainable Finance Working Group, Co-Chairing the Finance Taskforce under the UN Decade on Restoration and acting as Secretary to the Coalition of Finance Ministers for Climate Change. From 2004, Fiona worked for the OECD’s Financial Affairs Division and led the Secretariat of the International Organisation of Pension Supervisors (IOPS). Prior to the OECD, Fiona worked in the pension fund industry, including as Head of American Express Asset Management in Japan. She served on the advisory board of one of the OECD’s pension funds and represents the World Bank staff on the organization’s Pension Fund Committee. She holds degrees from Oxford and Johns Hopkins Universities and a Chartered Financial Analyst qualification.
Dr. David Wood is an Adjunct Lecturer in Public Policy and the Director of the Initiative for Responsible Investment at the Harvard Kennedy School. His work encompasses responsible investment practices, impact investing, and the integration of environmental, social, and governance (ESG) factors into investment decisions.Dr. Wood received his Ph.D. from New York University in 2010. His academic interests include household finance and public finance, contributing to his expertise in responsible investment and policy.
Latest Whitepapers
Whitepaper
Market Scan: UK Pensions Landscape
In this paper, the UK pension system is analysed, highlighting its position as the third largest globally in terms of total assets but facing significant challenges compared to other countries. The paper explores the system’s reliance on defined benefit schemes, higher exposure to bonds, and relatively low investment in the UK economy. It also identifies key issues such as low workplace pension contributions, the insufficiency of state pensions, an aging population, and fragmented funds. Solutions tested in other geographies are proposed, including pension fund consolidation, increasing state pensions, and enhancing minimum contributions.
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UK Pensions: Opportunities and Challenges
In this paper, the UK pension system is examined, highlighting its significant challenges, including high fragmentation, low contribution rates, insufficient state pensions, and inadequate coverage for specific demographic groups. The paper traces the historical evolution of pensions, particularly the shift from Defined Benefit (DB) to Defined Contribution (DC) schemes, and discusses the impact of global financial crises. It advocates for comprehensive reforms such as consolidating pension schemes, increasing contribution rates, and fostering domestic investment. The authors also propose a more strategic, purpose-driven system to ensure financial security. This draft will be updated with a final paper before the end of 2024.
Whitepaper
Kickstarting a Pension System Through International Aid
In this paper, we present a novel idea to address issues faced by pension systems in developing and emerging economies: direct funding of pensions through international aid. In our system, aid from domestic and international donors would be used to finance matching contributions, thereby increasing the capital saved for retirement and simultaneously incentivising individuals to save. Furthermore, aid would directly arrive in a worker’s retirement savings account without passing through government budgets, allowing for strong transparency and the ability to “follow the money” by both donors and recipients. We believe that this idea addresses some of the key shortcomings of past pension policies, as well as protects pension savings from changing government priorities.
This new paper is a revision from a previous publication from the Coller Pensions Institute in November 2023.
Whitepaper
Kickstarting a Pension System Through Privatisation
In this paper, we present a solution-oriented idea to combine the building of a resilient pension system and the privatization of state assets: privatization through pension funds. Many countries face the challenge of establishing or developing retirement systems while seeking to professionalize the management of state assets. Under the right conditions, privatization through pension funds can contribute to both outcomes and should be considered by policymakers. The key difference to the traditional privatization of state assets is that this idea would keep ownership of the asset with the population and spread the profit among a country’s population in the form of future retirement income. Privatization through pension funds, therefore, constitutes a form of democratization of a nation’s wealth.
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