Structural reform for pensions industry

By Jenne Mannion A herd mentality among institutional fund managers as well as the cosy relationship between pension consultants and major firms are among the issues being scrutinised by a Government-sponsored report. The review of the UK institutional funds industry, led by Paul Myners chairman of Gartmore, aims to address a number of high profile issues. The primary focus is to investigate whether there are factors distorting institutional investors' decision-making processes. A consultation paper has followed the 2000 Budget, whereby the Government made clear its concern there may b...