UKIPC

UKIPC is sponsored by the NAPF, the Association of British Insurers (ABI) and the Investment Management Association (IMA). This joint leadership ensures that the needs of investors are at the heart of the Committee's work. The Committee is widely drawn and operates under it's own constitution

David Gould is the Secretary for UKIPC and can be contacted on David.Gould@napf.co.uk

GIPS

Measuring the investment performance of money managers is a critical part of the investment process. Consistent reporting, analysis and measurement enable investors to improve their understanding of managers' track records and help them to make better manager choices.

Global Investment Performance Standards are part of a global initiative CFA Institute to standardise the way that investment information is presented. If fund managers' performance is to be open to scrutiny, their investment returns need to be calculated and disclosed on a consistent basis. How else can pension trustees and their advisers be in a position to make informed investment decisions?

So it's well worth asking your pension fund investment managers whether they comply with GIPS - and if not, why not? The Standards may be voluntary, but more and more investors are insisting that their fund managers adhere to it. Some 27 countries, including all the leading markets, have now adopted GIPS.

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