Towers Watson Launches Global Not-for-Profit Thinking Ahead Institute
23 October 2014 - 3:22AM
Business Wire
Global professional services company Towers Watson (NYSE,
NASDAQ: TW) announced it is launching a global not-for-profit
Thinking Ahead Institute with the aim of influencing change in the
investment world to improve the provision of savings. The Institute
is open to asset owners, investment managers and other groups that
are motivated to influence the industry for the good of savers
worldwide, and already has 19 members from Australia, France, South
Africa, the U.K. and the U.S., with total assets of $5.6 trillion.
The Thinking Ahead Institute is an outgrowth of the company’s
Thinking Ahead Group established by Roger Urwin and Tim Hodgson in
2002.
“We have long taken the view that we are not passive
participants in the investment world, and we must use our influence
to change investment for the better,” said Chris Ford, global head
of Investment at Towers Watson. “Acting together, the members of
the Thinking Ahead Institute, with trillions of dollars of assets
under management or advice, can become a prominent force for
improving the value proposition for savers globally.”
The Thinking Ahead Institute, jointly supported by Towers Watson
and paying members, will operate as a forum, and use research and
discussion collectively to improve the investment industry for the
benefit of the end saver. The institute will achieve its objective
through research, discussion and private, one-to-one meetings with
members.
“We care passionately about the investment industry, and believe
that it should also serve the wider needs of society and its
clients in aggregate, not just those of its employees. We have
pursued this aim for a number of years, and while we’ve had some
impact and gathered valuable experience, change has been too slow,”
said Hodgson, head of the Thinking Ahead Group at Towers Watson.
“The institute is designed to accelerate this through
collaboration, collective efforts and the exchange of ideas with
like-minded organizations. To this end, we hope to find and connect
with industry participants who believe in the value and power of
thought leadership to create change.”
Notes
In the paper “Our Industry Has a Problem,” Towers Watson
describes how the investment industry has been built by the
intermediaries for the intermediaries.
Towers Watson Investment
Towers Watson’s Investment business is focused on creating
financial value for institutional investors through its expertise
in risk assessment, strategic asset allocation, fiduciary
management and investment manager selection. It has over 800
associates worldwide, assets under advisory of over US$2.2 trillion
and over US$65 billion of assets under management.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global
professional services company that helps organizations improve
performance through effective people, risk and financial
management. The company offers consulting, technology and solutions
in the areas of benefits, talent management, rewards, and risk and
capital management. Towers Watson has more than 14,000
associates around the world and is located on the web at
towerswatson.com.
Towers WatsonBinoli Savani, +1 703 258
7648binoli.savani@towerswatson.comorEd Emerman, +1 609 275
5162eemerman@eaglepr.com
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