UK Social Mobility: Remains a Tough Climb but One Worth Pursuing

Improving social mobility in the UK could provide an economic boost, according to Goldman Sachs Research. Doing so is an important objective in its own right, and it could also increase productivity and access to talent as well as innovation.

While the contrast between wage growth and the rally in asset markets has arguably been a factor in entrenching inequalities (as investment opportunities are not equal), all employers are now required to offer access to pensions. Goldman Sachs Research finds that defined contribution pension assets appear to have performed comparably with some of the better performing asset classes.