mast image

Special Report

Impact investing


Revised Myners investment voluntary code issued

UK – Following consultation within the industry, the government has outlined its revised set of principles of investment, as proposed by the Myners’ review, that it wants to encourage pension funds to adopt voluntarily in relation to their investment strategies.

The government suggests that funds will need to set overall liability-linked investment objectives and agree clear mandates with their fund managers if they are to comply with these principles.

Myners’ proposed principles include decisions only being taken by those with adequate skill and knowledge; more performance measurement and rating of advisers, managers and trustees themselves; decision-makers looking at all asset classes; separating actuarial and investment advice; drafting fund manager evaluation periods; paying trustees.

Says Ruth Kelly,Treasury minister: “It is clear that the pensions industry needs to change the way it deals with investment issues. But the best way for this to happen is for the industry itself to take action voluntarily.”

In response to the Myners’ review, the government set out its intention to legislate in order to raise the standard of care required of trustees, as well as to oblige trustees and fund managers to intervene in the interests of shareholders and beneficiaries in investee companies.

Ian McCartney, minister for pensions, comments: “We the_government see the principles of investment as important tools in providing transparency for scheme beneficiaries.”

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2540

    Asset class: All/Large Cap Equities.
    Asset region: UK.
    Size: The fund will be added to our guided fund range.
    Closing date: 2019-05-27.

  • QN-2541

    Asset class: Small/Mid-Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

  • QN-2542

    Asset class: All/Large Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

Begin Your Search Here