The UK government report into Robert Maxwell's stewardship of Mirror Group Newspapers has revealed in graphic detail the way in which trustees failed to adequately supervise its pension fund, although it stops short of blaming them for Maxwell's massive theft of funds.

The report by the Department of Trade and Industry points out that in December 1987, the trustees agreed to transfer day-to-day investment decision-making over a £300m (€485.6m) common investment fund portion of Mirror pension fund assets to Bishopsgate Investment Management.