The power of us: Welcome to a world of inclusive capitalism

Personal Investments Team

Building greater, more sustainable economic growth will improve the lives of everyone in the UK.

This is the goal of inclusive capitalism: using money and investment as a force for good, to create real jobs and better infrastructure to transform the UK’s cities and towns and tackle the biggest issues of our times such as housing, climate change and ageing demographics.

It’s something businesses, communities and individuals can all get behind and work together to achieve – and it’s why Telegraph Spark has teamed up with Legal & General for The Power of Us, a campaign that aims to identify the challenges facing society, and use some of the UK’s brightest, most innovative thinkers to help solve them.

The power of us: the future is in your hands

We believe there are six key areas the UK can explore – each with sustainability and climate change at their core. These are huge questions and we’ll be exploring them in detail in the coming weeks. Be sure to sign up below to our monthly newsletter to have them sent straight to your inbox.

  • Rethinking retirement
    Average life expectancy is now 81. By 2040 there will be 10 million over-75s in the UK. This means our pensions must last much longer. And with the state pension worth just £8,767 per year, the pressure is on for individuals and businesses to be clever when it comes to investing pension savings, particularly in our current low-return environment. The complexity of pensions means people rarely start saving early enough. How can we, as a society, tackle this?

  • Investing for global good
    Global investment markets are at a tipping point. There is more than $10trn of global bonds with negative yields through large-scale asset misallocation. This means that investors and fund managers are being forced to consider a broader range of markets to meet their return objectives, which has given rise to the aim of aligning investment goals with an increased appetite for sustainability, inclusion and social good. But where do we begin on new asset classes and emerging markets?

  • Greener futures
    Climate change is constantly in the news, and recognised as a global emergency. While governments are taking notice, the disappointing outcome of the recent UN summit – like the lack of stronger commitments from big emitters – means more must be done at a community and individual level. What strategies can society and UK businesses employ in this David v Goliath battle?

  • Future-proofing society
    The legacy of underinvestment in urban regeneration still impacts those with lower incomes. Lack of progress in developing  smarter future cities also has an effect. While many  underdeveloped UK cities have great universities, the young nevertheless flock to London for career opportunities, leaving local housing markets, businesses and communities risking stagnation. Young people struggle to get on to the housing ladder. How can we reverse the trend?

  • Innovation through tech
    London is seen as the UK tech hub, so how do we spread this knowledge, expertise and positivity to benefit nationally, and develop as a cutting-edge society of the fourth industrial revolution? Fintech is set to revolutionise money management by consumers, but how can the finance industry use this as a force for good? And how can tech in medicine be made commercially viable on a large scale to bring the benefits of innovation to the whole of the UK?

  • Supercharging SMEs
    The UK is 20% less productive than it could have been had the 2008 financial crisis not happened, with investment directed into cheaper, flexible labour rather than into infrastructure. If we are a nation of productive, innovative businesses, SMEs need to be at the centre of our drive to ensure that our economy does not lag behind others in terms of productivity, innovation and technology. How do we enable our SMEs to be in pole position to tackle these issues fearlessly, confidently and with all the tools they need to succeed?

 

This article first appeared on The Telegraph, 13 January 2020

Risk warning

Please remember the value of your investment and any income from it may fall as well as rise and is not guaranteed. You may get back less than you invest . Tax rules for ISAs may change in the future and their tax advantages depend on your individual circumstances.

Please note the information, data and any references in this article were accurate at the time of writing. Please check the date of the content if you’re looking for up to date investment commentary or tax-year related information.