Pensions group calls for transparency from private equity
The National Association of Pension Funds (NAPF) has called for more transparency from the private equity industry in the UK, it has emerged.
In response to the Walker Working Group consultation, the NAPF suggested that its member organisations could benefit from "better information" about the investments made by private equity firms.
The association welcomed the proposals put forward by the consultation group, indicating its approval for a system that would promote greater accountability within the industry.
David Paterson, the NAPF's head of corporate governance, said: "Overall, the approach of the Walker Group is sensible as it will inject extra transparency and accountability into private equity.
"However, pension schemes looking to invest in private equity would benefit from better information and agreed reporting standards to reassure themselves that they are investing their members' money in the best possible place."
The NAPF was founded over 80 years ago and now has a membership comprising more than 1,000 employers from around the UK.
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