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.
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).