The National Association of Pension Funds, the UK's trade body for retirement schemes, has called for Paul Myners' 10 principles for good pension scheme investment from his seminal 2001 government report to be simplified and replaced with six.

Myners' 2001 review of institutional asset management was intended to ensure scheme members' assets were being invested efficiently, and focused on the role of trustees, who govern the funds. The NAPF was given the job of reviewing the voluntary principles by the UK government last year.