Lawyers claim Walker review neglects pensions

Last week the report, 'Guidelines for Disclosure and Transparency in Private Equity', called on private equity houses to enhance their reports on portfolio companies. The report says chairman and chief executive officer statements must provide effective communication and show attentiveness to employees. However, it fails to give details regarding pension schemes. LG calls the omission all the more surprising as the Treasury Select Committee has just widened its inquiry to look at the effect of private equity transactions on pension funds. LG believes requiring private equity firms to n...