Royal Mail launch governance research project

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Three pension funds have teamed up to launch a project to measure the relationship between governance structures of UK schemes and the costs of maintaining them.


The Royal Mail Pension Plan, Telent GEC 1972 Plan and Superannuation Arrangements of the University of London said the Pensions Governance Index project is designed to help pensions schemes better understand how to meet their governance ambitions as effectively and efficiently as possible.

The three schemes said they initiated the project because they needed better governance resource information for their own decision making purposes and they believe the results will help funds achieve greater efficiency by learning lessons from others in the industry, and for smaller schemes to learn from those with more resource.

The three funds also hoped the initiative would be a catalyst for a more informed industry-wide debate around governance issues.

This initiative will develop and publish a set of pensions governance resource measures which do not currently exist.

Funds that participate in this initiative will receive a special tailored benchmarking report showing how their governance resources compare to other funds with a similar governance approach and size.

Pension schemes that are interested in participating are invited to go to http://www.pensionsgovernanceindex.com" onclick="window.open(this.href);return false;.