        |
| The
first choice for people
in pensions |
| NAPF
releases 16 Principles for investment advice
By Sophie Baker |
| Following
the launch of its DC Pensions Quality Mark, the National Association
of Pension Funds (NAPF) has released best practice principles for
investment advice which have been met with approval from financial
consultancies. As part of the NAPF’s Assessing Consultant Performance toolkit, which was launched in March 2008, the 16 Principles are focused on helping fund trustees to consistently evaluate and compare investment consultancies. Covering areas including advice, technical competence, communication and education, it is hoped that the Principles will be adopted by UK investment consultancies and improve professional relationships between them and their pension fund clients. “I am pleased to report that twelve major consultancies have already formally endorsed the Principles,” commented Mark Hyde Harrison, chairman of the NAPF’s Assessing Investment Consultants Performance Working Group. “The intention is that they will encourage the provision of high quality investment advice to pension funds.” 
The consultancies which have voiced their support are Aon, Barnett
Waddingham, BDO Stoy Hayward Investment Management, Hewitt, HSBC Actuaries
& Consultants, Hymans Robertson, Jagger & Associates, KPMG
Investment Advisory, Lane Clark Peacock, Mercer, Russell Investments
and Watson Wyatt.Details on purchasing the toolkit and Principles can be found here. - Pensions Age October 2008 |