Richard Tomlinson

Richard Tomlinson, CIO of LPPI, expertly manages £27 billion in pension assets, focusing on practical portfolio strategies. He discusses the declining relevance of terms like 'illiquidity premium' and the necessity of clear-eyed thinking in an evolving market. The conversation covers inflation's structural drivers, fiscal dominance's quiet rise, and the challenges in traditional investment assumptions. Tomlinson also details the complexities in local authority pension schemes and the critical balance needed in risk management and asset allocation.