On 10 February 2010, the Investment Governance Group (IGG) announced the publication of its consultation paper on its draft investment governance principles for both trust-based and contract-based DC (money purchase) schemes.
In its response to a review of the Myners’ Principles in 2008, HM Treasury highlighted the need for a set of principles focusing on the characteristics of the DC model. The proposed principles address three key areas: accountability and delegation; fund choices and default strategy; and communications with members.
The IGG is seeking input from members, member representatives, trustees, employers, advisers, providers and associations. Apart from comment on the framework, respondents are invited to suggest any further guidance and tools that might assist those responsible for investment governance in fulfilling their roles.
The consultation runs until 5 May 2010.
View the consultation paper. (pdf 230.12KB)