By Gandy Gandidzanwa & Itai Mukadira
That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be true though – that pension fund sector sub-par management could negatively hurt an economy?
That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be true though – that pension fund sector sub-par management could negatively hurt an economy? Or put slightly positively, could a more efficiently run and managed pension fund industry had helped defend the economic turmoil of the past two decades? Seems very few have ventured to probe that, as economics has been traditionally accepted as the driver of the fortunes of the pensions sector. But what if, on the extreme, it wasn’t, or rather put more moderately, that the relationship was not as one directional as most have assumed it to be. While the thoughts are deep, and the viewpoint, admittedly, foreign and stretched in the minds of many, there is a firm school of thought that asserts that if we had managed our pension funds differently, we could have helped alleviate some of the economic pains that we have endured. Let’s dig in. Pensions and Economics – When the Tail Wags the Dog
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