A non-government body that promotes responsible investing at UK pensions funds, has called for scheme members and trustees to be included in a new Investment Governance Group being set up to monitor the updated Myners principles, a voluntary set of guidelines intended to improve oversight of retirement schemes.

FairPensions has responded to a review published in November by the National Association of Pension Funds, which recommended updating and simplifying the 10 principles codifying best practice for investment decision-making set out in 2001 by Paul Myners, chairman of the Guardian Media Group. The consultation was launched by the UK Treasury, the Department for Work and Pensions and The Pensions Regulator in April.