Pension Collaboration: Strength in Numbers

9 Pages Posted: 31 Oct 2008

See all articles by Danyelle Jann Guyatt

Danyelle Jann Guyatt

Climate Insight Pty Ltd; University of Bath

Date Written: October 1, 2008

Abstract

Regulation is one way to minimize the harmful impact of financial markets dysfunction. This article argues that collaboration among financial market agents such as pension funds offers a powerful alternative and points to a growing number of successful examples of collaborative initiatives. Behind these real world examples are useful theories of cooperation and conventions. Together, the examples and theories lead to an eight-step framework for identifying and designing optimal collaborative initiatives among pension funds and their agents. The power of this framework is demonstrated by using it to address the specific problem of short-termism, which leads to a mismatch between the short horizon conventions of many investment agents and the long horizon needs of retirement savings owners. The framework helps shape carrot and stick collaboration strategies that will lengthen investment horizons to match savings owner needs.

Suggested Citation

Guyatt, Danyelle Jann, Pension Collaboration: Strength in Numbers (October 1, 2008). Rotman International Journal of Pension Management, Vol. 1, No. 1, Fall 2008, Available at SSRN: https://ssrn.com/abstract=1290637

Danyelle Jann Guyatt (Contact Author)

Climate Insight Pty Ltd ( email )

Street
Street
Melbourne, Victoria 3000
Australia

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

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