Wednesday, July 01, 2009

Defending pensions in the recession

Check out the official UNISON take on the CWC seminar in the E-Focus newsletter and link to here. The “Universal Owner” argument on which UNISON made a presentation during the seminar is really powerful and persuasive. In a nutshell this theory reminds pension funds that they not only won shares in companies and sector’s but they own the economy as a whole.

If for example they invest in a company that makes excess profits by damaging the environment with carbon pollution than this will be at the cost of the value of all its other investments in companies who will suffer financially from adverse climate change.

To save our pensions we need to think outside the box. Now more than ever.

Makes sense to me.

1 comment:

Anonymous said...

Why doesnt Lord Turner agree to give up his pension

and match public sector workers

£4,000 a year