Sarah Williamson and David Neal discuss the history and evolution of IFM Investors, the importance of stakeholder engagement for infrastructure investments, adopting a "profit-to-member" philosophy, and more.

• Overview of the Australian superannuation pension system and how it is structured to give individual choice (5:46)
• How the "profit to member" concept drives investment decisions at Australian pension funds (9:32)
• The origin story and investment philosophy behind IFM Investors (11:45)
• Why an "open-ended" fund structure allows for a longer investment time horizon (18:00)
• The importance of considering all stakeholders, including local communities, when making infrastructure investments (16:01)
• How institutional investors can promote solutions for major issues like climate change (24:33)
• Advice for designing pension systems globally that focus on member outcomes (31:41)