By Sophie Baker
Source: Pensions & Investments
A handful of pension funds are thinking more carefully about the value they add for their participants and the role they play in their lives — beyond writing checks — through so-called social infrastructure.
The emerging trend goes further than buying up assets that are beneficial to the pension fund’s local community, such as investing in affordable housing and hospitals — a well-trodden path by many, sources said. Rather, it’s about thinking differently about what pension funds can do and the bigger role they can play in and throughout participants’ lives, such as negotiating insurance contracts, will services and other non-pension benefit-related services on their behalf.