UK - Key business leaders are urging fund managers to "rebuild trust" with investors or risk further government intervention.
A committee – led by former GlaxoSmithKline chairman Sir Richard Sykes – will set out proposals to shape the future of the investment system at a summit in November.
Sykes will address the need for change ahead of a report to be published by the group next year.
Tomorrow’s Company – which commissioned the report – is expecting a debate in favour of a “business-led agenda to recover trust”.
Tomorrow’s Company director Mark Goydor said: “This inquiry may be the last chance for the investment community to show that it can put its own house in order without further unwelcome intervention from government and regulators.”
An array of industry players will debate the initial findings of the inquiry, covering transparency and alignment, and improvements in corporate governance.
Among the panellists will be UBS Investment Bank senior adviser Derek Higgs and Boots chairman Sir Nigel Rudd.
University College Union (UCU) and Universities UK have appointed Joanne Segars to chair the joint expert panel to examine the valuation of the Universities Superannuation Scheme (USS).
The Pensions Regulator (TPR) was right to use its powers to seek financial support from ITV for members of the Box Clever pension scheme, the Upper Tribunal has said.
All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.
Research highlights confusion about where responsibility to support members on transfers lies. Kim Kaveh looks at the key findings.