Trustees should take a "beliefs-based approach" to investing that integrates sustainability concerns with long-term mandates, Towers Watson has said.
Fund managers have hit back at the Kay Review, arguing it should have focused more on asset owners such as pension funds.
Pension funds need to undergo a "major change" of attitude towards their asset managers to combat short-termism in the markets, a government-commissioned review says.
Here it is. The Kay Review's 17 key recommendations to restructure UK equity markets:
Michael Bow reports from the Public Sector Pensions conference, held in London last week.
Professor John Kay has given the strongest indication yet that he will advise the government to intervene in the structure of the asset management industry.
Stock markets are too skewed towards fund manager performance figures and need to be re-orientated to focus on "pounds, not alpha" to serve savers better, John Kay says.