Paul Myners has today published a consultation document seeking views about the governance of mutual life offices.
The consultation will also look at wider issues arising from Lord Penrose's report into Equitable Life that relate to the role of non-executive directors in complex businesses.
Myners will examine the role of policyholders and regulation in the governance of mutual life offices and the structure of the UK mutual life insurance market.
Myners says: “Mutual life offices are a sizeable presence in the market for life insurance in the UK. My challenge is to promote in this sector the very best corporate governance practice, providing a sound basis for its future health and prosperity.”