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Improve scrutiny of life mutuals- Myners

The Myners review of the governance of mutual life offices includes recommendations that aim to enable external monitors to scrutinise life mutuals more closely and promote better internal scrutiny of management by firm’s boards as well as the role of the FSA.
Report author Paul Myners says: “I am not recommending legislation, as the issues identified do not warrant it. I expect the recommendations in the report to be taken forward by life mutuals and their trade bodies, supported by FSA supervision.”

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