Treasury hands review of Myners to NAPF

In a speech to the Scottish Financial Services Industry, Ed Balls, Economic Secretary to the Treasury, outlined the way the government has investigated ways to “improve the investment chain mechanism” including the publication of the Myners review in 2001. Balls says the work carried out by Paul Myners highlighted a number of problems resulting from the challenges facing part-time and generally unpaid trustees, such as poor evaluations of advisers and their advice and a reliance on a small number of investment consultants. As a result Balls says while the Myners principles, which includ...