IMA stresses need for better pension governance

10 January 2013

Jonathan Lipkin, IMA Director of Public Policy, said that it is essential to ensure high standards of governance, particularly with respect to the design, implementation and on-going monitoring of default strategies.

The Investment Management Association (IMA) welcomes The Pensions Regulator’s consultation on the regulation of work-based Defined Contribution (DC) pension schemes, launched today.

Jonathan Lipkin: “Millions of individuals will soon find themselves becoming members of DC schemes because of auto-enrolment, often without significant knowledge of financial markets or the investment process. In such an environment,  we, together with other stakeholders, have already helped to develop principles of best practice for investment governance through the Investment Governance Group, and we look forward to working with TPR as it develops its approach to DC regulation.”

Press release

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