This paper contends we must examine the future landscape with a model more adaptable to complexity. We must deal with the consequences of systems that mix highly measurable or ‘hard’ components (market prices, company revenues) with those that are highly unmeasurable, or ‘soft’ – governance, risk and so on. The complexity model must deal with them all.
The big picture is clear – the pensions and investment industry has a core purpose in turning today’s workplace savings into tomorrow’s retirement income. Success in this is critical to nation states. There are also a number of other significant and increasingly influential institutional investors – sovereign funds in particular – that are at the nexus of the globalisation and complexity trends.
We look at the fault-lines, the lack of ‘long-termism’, why we’re crisis prone and areas where social technology change has occurred and is building as a catalyst for further change in the system.
