Work and Pensions Committee to examine impact of pension freedoms and protecting pension savers – News from Parliament – UK Parliament

We have been skeptical and critical of the shift from defined benefit to defined contribution pension plans. The entire idea of pension plans was to protect the retirement income security of working people by having their savings managed by expert professionals subject to the highest requirements of diligence and loyalty. What has been characterized as…

UK corporate governance requires a cultural revolution

Speaking on a panel about ‘when governance becomes real’, Simon Laffin, chairman of Flybe and the former CFO of Safeway, echoed the idea that rules around governance had become overly prescriptive and suggested that “rules are the antithesis of good performance”. The ICAEW and others argue that changes in those who play key roles in…