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Re-assessing the role of financial professionals in pension fund investment strategies
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Gelepithis, Margarita (2019) Re-assessing the role of financial professionals in pension fund investment strategies. Journal of European Public Policy . doi:10.1080/13501763.2019.1574874 ISSN 1350-1763.
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Official URL: https://doi.org/10.1080/13501763.2019.1574874
Abstract
Funded pensions are now established components of most mature retirement income systems. The value of global pension fund assets is higher than ever before, and the way these assets are invested affects both the welfare of future retirees, and the performance of national economies. Recent research has identified systematic cross-national variation in the investment behaviour of pension funds, explaining it through the preferences and influence of employer-sponsors and plan members. Yet the ongoing ‘de-risking’ of UK pension funds remains puzzling. Informed by the UK case, this article develops the argument that variation in pension fund asset allocation reflects the independent influence of networks of investment professionals who construct and institutionalise norms of liability driven investment.
Item Type: | Journal Article | ||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance |
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Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||||
Library of Congress Subject Headings (LCSH): | Pension trusts -- Great Britain, Retirement income -- Great Britain | ||||||
Journal or Publication Title: | Journal of European Public Policy | ||||||
Publisher: | Routledge | ||||||
ISSN: | 1350-1763 | ||||||
Official Date: | 6 February 2019 | ||||||
Dates: |
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DOI: | 10.1080/13501763.2019.1574874 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Date of first compliant deposit: | 28 February 2019 | ||||||
Date of first compliant Open Access: | 6 August 2020 |
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