UK. Greater pension risk pooling could boost productive investment and saver return

The greater use of collective pension vehicles, including collective defined contribution (CDC) schemes and pension superfunds, could improve saver outcomes and unlock more long-term productive investment in the UK, New Capital Consensus (NCC) has argued. In its new report, Redistributing the Risk Burden, the think tank said that the systematic transfer of investment risk from institutions to individuals over the past 25 years has contributed to more short-term and risk-averse investment, while leaving savers bearing greater responsibility without sufficient support. According to...