Tara Gillespie

Articles from Tara Gillespie

  • DC: Focus on the Future

    The 7th and final part of the Asset Class ‘Back to the Future’ series. Having opened our Defined Contribution business a year earlier, Tara Gillespie reflects on our approach to helping DC members in the 2016 edition. ******************** Focus on the Future What we said... The theme of our 2016 edition of Asset Class was focusing on the future and starting with the end in mind. For DB Schemes specifically, this was about understanding the end-goal and the most secure way of getting there. It could be full funding on a prudent self-sufficiency basis with ... ..read more
  • THE GHOST OF PENSIONS PAST, PRESENT AND FUTURE

    Charles Dickens’ novel “A Christmas Carol” is a widely celebrated festive tale that details the transformation of the famous Christmas humbug Ebenezer Scrooge. In the book Ebenezer is a “wrenching, grasping, scraping, clutching, covetous, old sinner!" whose business is loaning money and ruthlessly chasing repayments. What Dickens neglected to portray was that Mr. Scrooge’s money lending business also had the daunting commitment of a Defined Benefit Pension Fund. In this blog I uncover the previously untold supple ... ..read more
  • THE 5 BUILDING BLOCKS OF AN LDI BENCHMARK

    An LDI benchmark allows you to define the goals of your LDI portfolio, enables the manager to take a dynamic approach to managing the portfolio and is a tool to measure the performance of the LDI manager. My previous blog highlighted the key objectives of an LDI benchmark, but how do you construct one in practice? Here are the 5 key building blocks:  1)      Receive cash flows from Scheme Actuary and inflate using the appropriate inflation rate (i.e. CPI, RPI, LPI)   An LDI benchmark is a series of cash flows, these cash flows are based on the liabili ... ..read more
  • PUTTING YOU ON THE HELM OF YOUR LDI PORTFOLIO

    Round the Island race is one of the largest yacht races in the world hosting 16,000 sailors on 1,700 boats, who are fiercely competing with each other to race around the Isle of Wight. This year’s race, albeit on a beautifully sunny summer solstice day, was plagued by light airs. Under these conditions sailing races are only won with intense concentration, strategic thinking and skill. The first leg of the race is from the sailing capital of the world, Cowes, to the western most point of the Solent marked by the Needles. This leg took an almighty 4 hours of concentration, strategy a ... ..read more
  • GUIDE TO THE 3 KEY LIABILITY RISKS AFFECTING YOUR SCHEME TODAY

    What does running a successful lab experiment have in common with managing a pension scheme to full funding? The final hurdle of my biochemistry degree was a 10,000 word report on the results of a 2 month lab project. The aim of the project was to identify the role of an unknown protein, in a newly discovered cellular system, in a mildly contagious strain of Escherichia. Coli. A hard task! Not least because there are thousands of reagents and hundreds of experiments that could lead down a path of years of work with no guarantee of achieving any useful results. I only had 2 months and my ... ..read more

Tara joined Redington as part of the investment consulting graduate team in 2013. She now works within a number of Redington client teams providing support to the firm’s senior consultants. Previous to starting with Redington she completed two summer internships at JPMorgan Asset Management.

Tara holds a First Class Honours in Biochemistry from Imperial College and enjoys a range of sports including Hockey, Netball and Sailing.