Myners backs two-tier system to help schemes

clock

Former Gartmore chairman Paul Myners has conceded that a two-tier system is needed for compliance with his review's code of principles.

The second tier would apply to smaller schemes – including pooled managed funds and schemes covered by insured contracts – and cover some but not all of the 10 principles. Myners agreed to the two...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Reeves to promise 'blitz on bureaucracy' at Regional Investment Summit

Reeves to promise 'blitz on bureaucracy' at Regional Investment Summit

Announcements will include deregulatory measures for insurers and asset managers

Jonathan Stapleton
clock 21 October 2025 • 2 min read
Ros Altmann sets out potential pension reforms ahead of Budget

Ros Altmann sets out potential pension reforms ahead of Budget

Former pensions minister sets out 12 potential reforms and recommendations

Jasmine Urquhart
clock 13 October 2025 • 3 min read
FRC to develop technical guidance for actuaries after Virgin Media amendments

FRC to develop technical guidance for actuaries after Virgin Media amendments

Watchdog says guidance will support actuaries working with affected pension schemes

Jonathan Stapleton
clock 10 October 2025 • 1 min read
Trustpilot