Review of Myners principles for institutional investment decision-making
Paul Myners reported in March 2001 on Institutional Investment. He recommended that pension scheme trustees voluntarily adopt a series of principles and best practice for investment decision making. The Government has been reviewing the extent to which pension schemes have implemented Myners and published the results of its research in November 2003 and July 2004. It has today announced its proposals for strengthening the Myners principles, in particular those areas where progress has in its view been inadequate. The Government’s key concerns are trustees’ levels of expertise and decision-making processes.