Purpose: The purpose of this paper is to portray the valuation of financial investments as mental time travel. Design/methodology/approach: In a series of thought investments, $1 invested in an investment fund is mentally projected forward in time and then discounted back to the present –...

Pickles J. and Smith A. Delocalization and persistence in the European clothing industry: the reconfiguration of trade and production networks, Regional Studies. This paper examines processes of delocalization and the phenomenon of the 'spectre of China' in the European clothing industry...

1. UK pension schemes -- 2. UK pension funds and their investments -- 3. The regulatory environment -- 4. Public policy issues -- 5. Issues in pension fund management -- 6. The consequences of pension funds for capital markets -- 7. Future developments -- 8. A new approach to pension funding:...