Shift to DC schemes is harming the economy - TUC

In a report entitled, Investment chains: addressing corporate and investor short-termism, the TUC blames short-term decision making at various points between pension fund trustees, who are employees as well as investors, fund managers who invest billions of pounds worth of pension savings and the companies in which the employees’ capital is invested. It claims pension funds send signals which lead fund managers to think they need to deliver short-term relative performance. In order to do this they follow short-term trends to generate the expected performance, even if it sometimes means in...