The consultation can be found here
he IGG (Investment Governance Group, established by the DWP and HM Treasury to raise standards of investment governance) has published a consultation on draft investment governance principles and best practice for DC schemes (both trust- and contract-based). Consultation closes on 5 May 2010.
The proposals have three strands: principles, best practice guidance for decision makers and a table of accountabilities. They are shorter than the current principles – and focused on investment selection and monitoring and communication, with no references to shareholder activism. The proposals on member communication go beyond the disclosure requirements and, if implemented in this form, may require schemes to make changes in the information they provide.
A summary of the proposals is set out here