Abstract
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.
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