focus

Mr Bailey will also say the UK should not focus "just on the effects of Brexit", warning about the "broader fragmentation of the global economy".

Tanton’s belief that mass immigration would supplant white America had one particular focus: He saw it as a threat to the country’s ecology and ultimately to the consensus among environmentalists about preserving the purity of that ecology.

Despite these risks, market experts suggest investors should focus on the economic environment and company fundamentals, as political factors tend to have a short-lived impact on the stock market and policy changes require time to be implemented.

While UK pension schemes tend to invest more in assets like equities and bonds, their Canadian rivals focus more on private markets.

He said the current system encourages trustees to deliver the best outcome for members rather than focus on UK-wide economic growth, which might mean investing outside the UK.