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There is an interesting article ref Mr Myners of Gartmore who is heading a Treasury review of institutional pensions in the newspapers today; concerns fraud and transparency in corporate (and other) pension funds and a series of suggested measures to combat this. Plainly has happened yet but it highlights the problems.
Posted by jim wilson on 10 November 2000 at 09:05:39: In Reply to: Re: Paul Myners - Treasury Institutional Pension Review posted by Pete Warren on 09 November 2000 at 22:01:41: : Can you provide a URL to the article? or even which paper. It was in the FT yesterday - if you go to ft.com and search on pensions you will find it. (See link below) my rather rapid reading is that basically he says it is still pretty easy to raid a company pension fund - and that the employees should get more benefit from the fund - also that the asset management should be by a totally independent party - and that in any case there should be complete transparency on what is happening to the fund. there is plainly some form of government review process going on - but what the process is I don't know.
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