“DMPs offer a structured, inclusive approach for pension funds to engage members in decision-making.”
What is the focus of the paper?
This paper introduces the concept of a deliberative mini-public (DMP), a governance innovation used to address public policy questions by engaging community members in informed discussions. The study highlights key features of DMPs and proposes their use for aligning pension fund policies with members’ views on responsible investment. In particular, the paper describes the preparation and execution of the first DMP conducted in the Netherlands with members of the Pensioenfonds Detailhandel.
What are the key findings?
The paper describes the design and governance of the DMP, the selection and invitation of participants, and the events during a three-day session. It details expert presentations, participant responses, and the recommendations developed on responsible investing for the pension fund’s board. The board considered these recommendations for future policy. The text concludes with a discussion on the theoretical and practical implications for DMPs in pension fund contexts. The study demonstrates that a diverse group of members can effectively discuss complex topics like responsible and sustainable investments.
What are the implications?
- DMPs offer a structured, inclusive approach for pension funds to engage members in decision-making.
- DMP’s help ensure that investment policies reflect members’ values and preferences.
- Successful use of DMPs requires clear remits, proper representation, and strong governance.
- Mutual learning between experts and members is essential, supported by independent facilitation.
- Results must be shared clearly and attractively with all members.
- Pension funds must act on recommendations, fostering greater member influence over policies.