By Mohamed Ali Bernat Paul Myners wants to add more professionalism to the role of pension trustees...
By Mohamed Ali Bernat Paul Myners wants to add more professionalism to the role of pension trustees and have independent reports commissioned by scheme members to ensure transparency and efficiency of pension schemes. Following his recommendation to scrap the minimum funding requirement (MFR) last week, Myners said there should be a long-term, scheme-specific approach based on transparency and disclosure, with no centrally dictated set of reference assets distorting investment decisions. This would replace the MFR's prescriptive investment measures which distort investment decision-makin...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes