Gartmore Chairman Paul Myners today released the terms of a wide-ranging review of U.K. institutional investing. The review, to be conducted on behalf of Gordon Brown, Britains Chancellor of the Exchequer, will determine if there are structural and institutional factors preventing U.K. pension funds from increasing their venture capital and private equity holdings, Mr. Myners said.
Among the 50 issues to be studied are: benchmarks; the Minimum Funding Requirement; plan maturity; performance-related fees for money managers; advice from consultants; and new accounting proposals requiring companies to show their plans surplus or deficit. Responses will be taken until July 14.
Mr. Myners will present the final report to Mr. Brown by early next year.