The recommendations of Paul
Myners’ report on institutional investment have been accepted by the
Government, Gordon Brown has said.
Sign up to our weekly round-up of HR news and guidance
Receive the Personnel Today Direct e-newsletter every Wednesday
The controversial minimum
funding requirement will be abolished so that life insurance and pension funds
can more easily invest in venture capital.
Pension
fund trustees will have a stronger role and the duty of fund managers to
promote the interests of the fund’s beneficiaries will be made more explicit.