Wednesday, 27 February 2013

Kay, Myners & Standard Life

From Lord Myners' evidence to the BIS committee on the Kay Review (and specifically the investor forum idea): 
Lord Myners: I will be very interested, Chair, to read the transcript from when you interview people who are supposedly establishing this investor forum, and to see how successful they are in convincing you that they are going to set up something that is really meaningful. My suspicion is that you will have significant doubt. I would then suggest to you that, if they cannot do it alone in this country, it is going to be almost impossible to do it globally. 

From Responsible Investor today:   
Standard Life Investments has said it is “debatable” whether the proposed investor forum – one of the key ideas of the recent UK government-backed Kay Review – will achieve results.
Now Standard Life, one of the leading fund managers in the UK with £163.4bn (euro) under management, has poured further cold water on Kay’s idea, saying: “While there will always be room for improvement, it is debatable whether this particular proposal will achieve the desired results.”
And they are far from the only asset manager saying this

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