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Andrew Milligan

Independent Economist & Consultant

Andrew has had a wide-ranging career, which culminated in working from 2000 until 2020 as Head of Global Strategy at Standard Life / Aberdeen Standard Investments. This involved creating the House View, researching both tactical and strategic asset allocation decisions for pension schemes and other major investors around the world. Prior to that his roles included working in the civil service at H.M. Treasury, as an international economist at Lloyds Bank and Smith New Court stockbrokers, and in fund management as Director of Economic Research and Business Risk at Aviva Investors.
Andrew is now an independent economist and investment consultant, advising a variety of pension schemes and other investors. He writes regularly on financial matters for Jackson Hole Economics, the Munix local authority platform, and the trade press. He sits on the investment committee of the £1.2 billion Health Foundation endowment, is a board member for Devlin Mambo and the Asia Scotland Institute, is investment adviser to Balmoral Asset Management, and trustee of the Archdiocese of St Andrews and Edinburgh.
Andrew was a member of Court of Heriot Watt University, where he still lectures. He received an O.B.E. in 2015 for ‘services to innovation and the economy’, having been a Governing Board member of the Technology Strategy Board, now Innovate UK.

Media Partners

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SPS Optimising Value from Bond Investments for Pension Funds
September 1, 2022
The View, London
SPS Alternative & Sustainable Investment Solutions for Pension Funds
September 15, 2022
SPS Impact & Sustainable Investing for Dutch institutional investors
September 28, 2022
Apollo Hotel, Amsterdam
SPS Property, Infrastructure & Real Asset Investment for Pension Funds
October 5, 2022
The Dilly, London
SPS Nordic Institutional Investors’: ESG & Impact Investment
October 18, 2022
7A Strandvagen, Stockholm
SPS Current Investment Issues for Pension Funds
November 8, 2022
The Dilly, London
SPS Local Authority Pension Funds: Sustainable Investment & other Structural Themes
November 16, 2022
Events@No6, London
SPS Annual Northern Investment Conference for Pension Funds (DB & DC)
November 22, 2022
SPS Private Market Investors’ Annual Seminar
December 6, 2022
The Dilly, London
SPS Annual Bonds: Investment & Risk Management Strategies
January 12, 2023
SPS Local Authority Pension Fund Investment: Current Issues Update
February 9, 2023
SPS Nordic Pension Fund & Institutional Investors' Annual Conference
March 9, 2023
SPS 30th Anniversary Investment Symposium: The Next 30 Years!
March 16/17, 2023
SPS Sustainable Asset Strategies for Pension Funds
April 19, 2023
SPS Fiduciary Management, OCIO & Pension Fund Governance Issues
May 9, 2023
SPS Secured Income & Infrastructure Investing
May 18, 2023
SPS Investment Strategies & Risk Management
June 8, 2023
SPS Annual Irish Pension Investment & Current Issues
June 8, 2023
SPS Investment Solutions & Cash Flow Management for Maturing Schemes
July 12, 2023
SPS Optimising Investment in Bonds & Alternative Credit
September 7, 2023
SPS Net Zero and other Climate Investment Issues
September 20, 2023
SPS Dutch Pension Fund Sustainable Issues Annual Conference
September 26, 2023
SPS Nordic Pension Fund & Institutional Investors' Annual Conference
October 5, 2023
SPS Property, Infrastructure & Other Real Assets Investment
October 19, 2023
SPS Current Investment Issues for Pension Funds
November 9, 2023
SPS Private Market Investors' Annual Seminar
December 7, 2023