– The Kay Review Interim Report has put the focus on pension funds to take the lead in addressing damaging short-termism by financial institutions. Report chairman and economist John Kay said the final report will describe the philosophical policy shifts necessary to better align equity markets to the needs of end users and propose changes to get started on that longterm path.
– The UK Sustainable Investment and Finance Association responded to the Kay Review Interim Report with a call to action for all pension funds and plan sponsors to participate in the debate and drive improvements in the investment chain.
– Figures from the Offi ce for National Statistics show the proportion of UK equities held by the previously dominant domestic institutional investors – insurers and pension funds – slumped to 8.6% and 5.1% respectively in 2010, the lowest figures on record since the ONS survey began in 1963.
– Aberdeen Asset Management, Blackrock, Hermes Equity Ownership Services and the Local Authority Pension Fund Forum have joined the 30% Club investor group, taking the assets represented to over £1.77trn.
Comments