The Control and Centralisation of Pension Fund Investment in the United Kingdom

  • Richard Minns


There is a common assumption that private saving for retirement through pension fonds and associated saving plans will increase the provision of long-term capital and productive investment by adding to finance available through capital markets. This will promote economic growth and thereby enhance the capacity of the national economy to pay for its social security and pensions systems. A major problem is that ‘long-term capital’, growth of capital markets’, ‘productive investment’, increase in equity holdings’, all tend to get confused and are often used interchangeably or as surrogates for each other. They are not the same and one does not necessarily lead to another.


Pension Fund Pension System Fund Manager Equity Holding State Pension 
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Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Richard Minns
    • 1
  1. 1.Political Economy Research CentreUniversity of Sheffield, and London School of Economics and Political ScienceUK

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