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The Kay Review one year on: what more needs to be done?

Prospect roundtable: Are equity markets still failing?

By Prospect Team  

John Kay, economist, talks with Martin Gilbert, CEO, Aberdeen Asset Management. Please credit our photographer, Sophia Schorr-Kon.

In July 2012 the economist John Kay published the Kay Review of Equity Markets and Long-Term Decision Making, commissioned by Vince Cable, Secretary of State for the Department of Business, Innovation and Skills.

The question was whether equity markets in Britain were serving the interests of users—mainly savers and pension fund holders—and companies. He concluded that they were doing so poorly.

This morning, Prospect held a roundtable at Aberdeen Asset Management to debate his conclusions and discuss whether anything had changed in the past year to increase the likelihood of his recommendations taking place.

After the event Prospect editor Bronwen Maddox sat down with John Kay, Martin Gilbert, Chief Executive of Aberdeen Asset Management, and its Head of Brand Piers Currie, to discuss some of the main talking points. To listen to their discussion click here.

A write-up of the roundtable will be available in the July issue of Prospect, on newsstands next Thursday, 20th July. To order the next issue of Prospect, click here


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