To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
The findings of this inquiry represent a vision of a better investment system, developed by those who work in it. It is based on interviews and workshops conducted with over 500 people drawn from every aspect of the investment ‘chain’.
The principle conclusion of the inquiry is that while the whole system is relatively robust – and a number of reforms are still working their way through to strengthen it further – there has been a significant and continuing erosion of trust. This is not just in the financial services industry, but also in big companies as stewards of people’s savings and pensions.
To read the full inquiry which include the context of the inquiry and the inquiry team’s vision in changing the investment system by addressing five key area of change, please download the link below.
Our main proposals in the inquiry are that:
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
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