This publication considers the future of retirement income provision over the long term, predominantly in the context of the UK. It indicates a number of errors currently being made in the analysis and management of pensions, thereby contributing to the policy debate on some further policy...

"Don't Stop Believing: The State & Future Of UK Occupational Pensions" is the second Finance Short on pension written by Con Keating, which considers in detail the position of UK private occupational pensions. It discusses the reasons for the decline in funded defined benefit (DB) provision in...

The current model of corporate governance needs reform. There is mounting evidence that the practices of shareholder primacy drive company directors and executives to adopt the same short time horizon as financial markets. Pressure to meet the demands of the financial markets drives stock...

It is our view that the Basel Committee of Banking Supervision, in its Basel II proposals, has failed to address many of the key deficiencies of the global financial regulatory system and even created the potential for new sources of instability. This document highlights our concerns that the...

Purpose: While recently introduced EU regulation on the statutory audit of public interest entities (PIEs) aims to improve audit competition and quality, its success and impact depends on the definition of a PIE applied across the various EU Member States. In the UK, even though little is known...

Purpose: Behavioral finance research has almost exclusively investigated the decision making of lay individuals, mostly ignoring more sophisticated institutional investors. The purpose of this paper is to better understand the relatively unexplored field of investment decisions made by pension...