Authors: Nada Kakabadse, Andrew Kakabadse
Addresses: Northampton Business School, University College Northampton, Park Campus, C214, Boughton Green Road Northampton, NN2 7AL, UK. ' Cranfield School of Management, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK
Abstract: The Myners Review of the pension fund industry has started a debate on pension fund governance and the fund industry itself. This paper provides a review of pension fund trusteeship in the UK, its role, operating models and impact. It argues that deficiencies in the systems uncovered by the Myners Review stem from a tension between conflicting philosophies – that of trusteeship built on stakeholder principles but operating in shareholder markets.
Keywords: pension fund trustees; trustees| role; pension governance; fund manager; pension consultants; trustees| responsibility; pension funds; UK pensions.
International Journal of Business Governance and Ethics, 2004 Vol.1 No.1, pp.3 - 26
Published online: 13 Jul 2004 *Full-text access for editors Access for subscribers Purchase this article Comment on this article