Insurers back OFT pension scheme governance push

Following the publication of the OFT's final report into the defined contribution (DC) workplace savings market, Aegon managing director of workplace solutions Angela Seymour Jackson said the boards will "complement" existing contract scheme regulation. She added: "Industry commitment will create both urgency and consistency to making this happen across the industry." Legal and General (L&G) said the industry has "long been aware" of the impact of good governance on member outcomes. It highlighted the introduction of its Investment Governance Oversight (IGO) committee for non-maste...