Fiona Reynolds, AIST’s chief executive, said later that this was unnecessary. She said that from the APRA fund reviews which had been taking place for the past year, it was clear that there was no question over funds taking account of such issues in the long-term interests of member retirement incomes.

The one clear point of unanimity at the conference was that it was a very worthwhile event which should be continued. Garry Weaven predicted during the last session that one certainty about the next event, which may be held in Europe, is that there would be a lot of discussion about a global standard for carbon trading.