The UK Government and The Pensions Regulator have launched a consultation on updating the Myners principles, a voluntary set of guidelines intended to improve trustees' investment decision making and the way pension schemes are governed.

Her Majesty's Treasury, the Department for Work and Pensions and The Pensions Regulator said the consultation responded to a review published in November by the National Association of Pension Funds called "Institutional Investment in the UK: Six Years On". This recommended updating the principles set out in 2001 by Paul Myners, chairman of the the Guardian Media Group, on pension scheme decision-making and governance.