William Nicoll
OpinionShould Britain’s pension schemes support the UK economy?
From the blog:UK pension schemes have no obligation whatsoever to help the national economy. Pension scheme trustees are legally bound to try and make investments that provide returns to pay pensions. And nothing more.
- Opinion
Lock into lending for rich rewards
When ancient Sumerian farmers needed tools they leased them from local officials. And when the officials dutifully noted down who had borrowed what and when, they unwittingly created the first recorded lease agreements.