Markets are not working for pension funds and the savers they support - that is the conclusion of Professor John Kay's review into the structure of UK equity markets.
The report argues that short-termism in the markets has seen financial intermediaries like asset managers prosper over the last decade, while end-users like savers and pension schemes have lost out...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
