Pension funds manage trillions and most still underestimate their social role: report

Pension funds collectively manage more than US$56tn in assets, serve hundreds of millions of members worldwide, and, according to a new report, most still do not recognize the full scope of what they already do. The International Centre for Pension Management released Social Infrastructure Blueprint: A Roadmap for Pension Funds on June 1, arguing that pension funds function as social infrastructure providers whether they acknowledge it or not. The report said failing to recognise that role carries real institutional risk. Gibbins said aging populations and rising inequality...