With the Scottish independence vote most finance commentators are focused on the economic considerations. Yet, this vote is far more important than you may think because of its social ramifications.
The number of people over 80 will double by 2050, from 3.9% of the population to 9.1% across OECD member countries, and from 4.7% to 11.3% across 27 EU members. It is estimated that up to half of this elderly population will need help coping with their daily needs; yet even today, governments are battling to deliver high-quality care to those with impaired physical and mental abilities.
What role should asset managers play in supporting the long-term growth of publicly listed companies in the UK equity market? This query raised more questions than answers at a recent continuing education event organized by the CFA Society of the UK.
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