Chaired by The Pensions Regulator, the group is made up of key stakeholders across the pensions community, including representatives of trustees, employers, providers, members and pensions professionals.
The IGG has developed principles for best practice in investment governance of work-based pension schemes in the following areas. (Note: These publications represent the views of the Investment Governance Group only. It is not to be relied upon as a statement of policy by Government or any Statutory Regulator.)
Defined benefit (DB) schemes
The IGG recommends use of the 2008 ‘Myners Principles’ for use in the investment governance of DB schemes:
Principles, best practice guidance and trustee tools (PDF)
Defined contribution (DC) provision:
During 2010, the IGG consulted on a proposed set of Investment Governance Principles which had been tailored to the specific needs of DC schemes. On 4 November 2010, a final set of DC principles were published. Below you will find links to the following documents:
Principles for investment governance of defined contribution (DC) work-based pension schemes
Looking After Your DC Plan (PDF) - Investment Governance Group/Confederation of British Industry document on investment governance for employers
A report on responses to the 2010 IGG consultation on investment governance principles for DC schemes (PDF)
Consultation document (February 2010): 'Investment governance of defined contribution (DC) pension schemes' (PDF) (consultation now closed).
Local Government Pension Scheme
The IGG have also reviewed and amended the Principles for investment governance for use by administering authorities within the Local Government Pension Scheme.
Adaptation of updated Myners Principles for the LGPS (PDF)
- About the IGG
The group's terms of reference, representation and ways of working - IGG background
The Myners principles, review findings and the new framework - IGG approach
Taking forward areas identified in consultation - Minutes of meetings
Minutes of the IGG