Citizen participation within UK pension fund responsible investment decisions

Sammanfattning: Pensions funds represent the collective savings of millions of people and the decisions and actions they take can be greatly beneficial or detrimental to the global economy, society, and the lives of people around the world. The aim of this project is to investigate the possibilities of citizen participation in relation to responsible investment in UK occupational pension funds, and what the barriers and opportunities are for citizens, in this context pension holders, to participate in financial decisions made on their behalf. The research questions focus on the arguments for and against such participation, in general and in relation to using an online voting platform. Qualitative interviews with Responsible Investment Advocates are used to scope ideas around participation, and the study is grounded in a social constructionist theory of meaning. This project sits at the intersection of two fields: Responsible Investment and Participatory Communication for Social Change. The main findings of this project are that RI Advocates disagree over the necessity for such citizen participation, as a process for change and as a goal. The perceived benefits of citizen participation ranged from empowerment, accountability, power redistribution and structural change. Barriers to participation exist based upon the current investment system, with the main barrier perceived as a lack of demand from the investment industry, wider civil society, and significantly citizens. It was stated in interviews that citizen participation is a relatively ignored area within Responsible Investment, and therefore much can be learned from existing C4D research and practice.