Additional records for George Henry Ross Goobey collection - August 2015

Posted: 7 August 2015

The Pensions Archive Trust are delighted to announce that significant additional records to the George Henry Ross Goobey collection have now been catalogued. The papers - received between 2008 and 2014 - consist of transcripts of speeches, draft and final copies of articles, handwritten notes, correspondence and details of his involvement with an extensive range of groups and organisations. The collection has been given the reference LMA/4481.

Ross Goobey joined the Imperial Group Pension Fund as pensions manager in 1947, following a training as investment manager at Marine & General Insurance company and qualification as an actuary.  As the pension manager of Imperial Tobacco, Ross Goobey invested the entirety of the Imperial Tobacco pension fund in equities in the mid-1950s and advocated equity investment as an appropriate policy for pension funds.  His central role in the widespread shift of pension funds from investing predominantly in fixed income to investing in equities, known as the 'cult of equity', makes him one of the most influential investors in the UK.
 
Despite being such an influential figure, George Ross Goobey's investment approach has been difficult to study because he published relatively little, being content to exercise his considerable talents within the Imperial Group and the National Association of Pension Funds.
 
The newly catalogued material shows the breadth of George Henry Ross Goobey’s professional and personal interests. The date range for the collection is 1905-1999; the start date being that of an early pension scheme included within the records for Christ’s Hospital.

Ross Goobey’s charitable interests are well represented in the collection in both a personal capacity as subscriber and supporter and professionally in terms of additional investment advice offered during his working life and in retirement.

Integrated into the George Henry Ross Goobey collection (LMA/4481) is a selection of papers which can be viewed digitally. The scans, along with comment papers on George Ross Goobey's work, and a transcript of Ross Goobey's address to the 1956 Conference of Superannuation Funds can be accessed on the George Ross Goobey page of the website.

For any general enquiries about access to LMA, please contact the LMA Enquiries Team at ask.lma@cityoflondon.gov.uk.