Kay Review of Equity Markets - TUC Response

TUC Response to Kay Review of UK Equity Markets and Long-Term Decision Making

The TUC welcomes this opportunity to give evidence to the Kay Review of Equity Markets and Long-Term Decision Making (henceforth the Review). We believe that the Review is covering issues of key importance both to the long-term success of UK companies and to investors such as pension funds and their beneficiaries. The TUC represents interests in both constituencies. We represent over six million workers in 55 unions, many of whom work in companies and are directly affected by the priorities and pressures of board room decision making. At the same time, workers' retirement savings make up a significant proportion of total UK investment funds, and the TUC represents workers across all sectors of the economy who have savings in occupational and personal pension schemes. The TUC coordinates a network of over 1,000 trade union pension fund trustees, for whom hold an annual trustee conference and other events and seminars and to whom we circulate a quarterly newsletter. Our response to this Review draws on our experience of representing the interests of these overlapping constituencies.

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