Be honest about the cost

Flood protection is generally reckoned to be a sound investment, given the relatively small outlay compared with the high cost to life and property when water inundates homes, shops and factories. When the British Isles were pounded by the severest storms in living memory in February, attention naturally focused on whether budget constraints had jeopardised flood protection, and whether greater expenditure would be needed to secure communities and prevent future floods.

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands