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How we can make our pension funds benefit an independent Scotland


IN our series of articles for The National, the Scottish Banking & Finance Group (SBFG) has argued it is vital that Scotland’s banking and financial system is reformed so that after independence capital is allocated to support production of goods and services we all need.
So far the focus has been on banks but our workplace pension funds are also large pools of capital, containing workers’ savings for retirement. At present the total value of assets owned by workers’ pension funds in the UK amounts to £2.6 trillion – 123% of UK GDP.
It is reasonable to suppose Scottish citizens have in their pension funds a similar ratio to Scottish GDP, so these assets total something in the region of £200 billion. ....

United Kingdom , Strathclyde Pension Fund , United Kingdom Treasury , Scottish Treasury , Scottish Government , Scottish Local Government Pension Scheme , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது கிஂக்டம் கருவூலம் , ஸ்காட்டிஷ் கருவூலம் , ஸ்காட்டிஷ் அரசு , ஸ்காட்டிஷ் உள்ளூர் அரசு ஓய்வூதியம் திட்டம் ,