Developments in pension fund investment and trade union responses

15 December, 2014
Source: 
UNISON
Public sector pension funds are some of the largest of the capitalised funds in the world. The combined assets of these public sector funds stand at an estimated US $12 trillion. How these funds invest has a direct impact on the members of PSI affiliates and trade union members and workers in all other sectors in Asia/Pacific and across the world. This paper sets out a summary of the key developments in pension fund governance and the stewardship of the assets that are purchased, looking at the UK’s corporate governance and stewardship systems.

It also considers trade union responses at national, regional and global levels. It does not consider the different types of pension system, e.g. ‘pay-as-you-go’ against “investment provision”. It is not a detailed or comprehensive analysis, however, it presents an overview of the most pertinent issues for consideration by PSI and its affiliates in Asia/Pacific.

Presentation at the PSI/FES Forum on Pensions and Social Security by Colin Meech, UNISON, UK.

Public Services International (PSI) Asia Pacific region and Friedrich Ebert Stiftung (FES), Regional Cooperation office (Singapore), jointly held a Forum on Pension and Social Security for the affiliate unions on 14-15 December 2013 in Singapore.

For more information, read the report and download the presentations.

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