UK - The NAPF has questioned whether some of the principles outlined by Paul Myners in his 2001 review of investor practices are still relevant.
The National Association of Pension Funds (NAPF) today launched a review to assess the extent to which pension funds have incorporated the Myners Principles, published following a review commissioned by the UK government, into their investment decision making.
NAPF chief executive Joanne Segars stated: “Since Paul Myners undertook his review, the environment in which pension funds are operating has changed significantly.
"Then, the talk was of surpluses and diversification into newer asset classes like venture capital. Now the focus for schemes and trustees is on deficits and a more challenging pensions landscape."
She continued: “Our Review seeks the views of occupational pension schemes, the investment industry, trustees, pension fund members and their representatives, and employers, on progress in complying with the Myners principles and on the continuing relevance of the principles in today’s changed pensions environment."
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