The Missing Reform in the Kay Review
Reuters, July 2012
2 Pages Posted: 29 Jul 2012
Date Written: July 1, 2012
While there is much to commend in the Kay Review of UK Equity Markets and Long-Term Decision Making, the final report omitted one crucial reform - reconfiguring the structure and governance of pension funds - that would materially affect of the achievability of several of its key recommendations. This op-ed explains why pension fund reforms are necessary and sets forth several proposals.
Keywords: Kay Review, corporate governance, pension funds
JEL Classification: G18, G23, G34
Suggested Citation: Suggested Citation