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.
Professor Kay, who has published his interim report into the functioning of equity markets last week, told delegates in Edinburgh that fund manager returns must be judged by absolute performance and focus...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point