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

Wong, Simon C. Y., The Missing Reform in the Kay Review (July 1, 2012). Reuters, July 2012. Available at SSRN:

Simon C. Y. Wong (Contact Author)

Northwestern University School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States

London School of Economics

Houghton Street
London, WC2A 2AE
United Kingdom


Tapestry Networks ( email )

404 Wyman St.
Suite 225
Waltham, MA 02451
United States

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