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The Missing Reform in the Kay ReviewSimon C. Y. WongNorthwestern University School of Law; London School of Economics; McKinsey & Co. Inc. July 1, 2012 Reuters, July 2012 Abstract: 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.
Number of Pages in PDF File: 2 Keywords: Kay Review, corporate governance, pension funds JEL Classification: G18, G23, G34 Date posted: July 29, 2012Suggested CitationContact Information
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