Pension Power: Unions, Pension Funds and Social Investment in
Canada, Isla Carmichael, Toronto: University of Toronto Press, 2005,
pp. 219.
Isla Carmichael has been writing about union pensions for a decade.
Over the past ten years, she has examined different aspects of union-based
pension funds and labour-sponsored investment, including fiduciary
responsibility, the role of union pension trustees, social accounting,
collateral benefits and economically targeted investment. In this book,
she brings together these, and other, arguments to make a case for the
greater involvement of unions in directing and investing pension funds,
not only to provide benefits to union members but also to shape economic
growth and community development. Her analysis is comprehensive and her
argument is persuasive.