Financial literacy is a program for enhancing individuals' decision-making and an assumption made about the sovereignty of the individual. In its most optimistic form, financial literacy would empower individuals to achieve their financial goals and objectives. It would do so by providing...

Fiduciary duty is the golden rule ‘regulating’ the relationship between trustees and beneficiaries. In principle, it regulates behaviour by pre-empting those actions that would harm the interests of beneficiaries while promoting duties of care consistent with the interests of those that...

In this article we look at the governance of SWFs from the perspective of the competing political interests embedded in the sponsor – the domestic political claims on funds and the principles and practice of governance used to discipline those interests in favour of a long-term perspective...

For pension funds and other institutional investors, governance refers to the resources and processes used in decision-taking. Recognising that risk and uncertainty are the life-blood of investment strategy, in this paper we develop a resource-based framework to better understand the structure...

For many OECD countries, workplace pensions have been an important mechanism for supplementing state-sponsored social security. Notwithstanding significant differences between developed economies in the significance attached to workplace pensions, provision has been typically encouraged through...