Pensions World Magazine Archive

The August 2003 issue of Pensions World

		Page

	COMMENT	3
	Each and ev'ry highway Are pensions facing the final curtain or beginning a careful step along the byway to renaissance? NAPF Chairman Terry Faulkner mulls it over in Sinatra's Way.

	ACTUARIAL ADVICE	16
	Push and pull Trustees' aims are ever more at odds with those of the sponsoring employer. When the pensions tug o'war begins, a separate actuarial adviser could be needed for each end of rope, says Mark Duke.

	ASSET ALLOCATION	19
	Coming home to roost James Thomas looks at the potentially misleading bonds vs equities question. A case of the hare and the tortoise, eggs in different investment baskets, or just herding cows knocking milk over?

	CURRENT EVENTS	5/6/8/9/12/14/15
	A summary of current news including:
	Pan European pensions on the way	5
	Pensions credit takes more blows	6
	Anti ageism - a mixed blessing?	8

	FORESTRY INVESTMENT	23
	Branching out Does money grow on trees? Barry Gamble thinks it does, and it's time for pension funds to diversify into this area of organic growth for some steady and reliable returns.

	ENVIRONMENTAL REPORTING	25
	Sustenance for thought Slowly but surely, the world is wising up to the havoc it is wreaking on the environment, and companies that react well stand to benefit, says Gemma Townley.

	PENSIONS FOR PARTNERS	27
	They're depending on you It is a difficult subject, but trustees should be careful before assuring terminally ill members that their dependent partners will receive a pension when they are gone. Mark Baker looks at options to bring more certainty.

	FINAL SALARY CLOSURE	29
	It could be you… We all hope that the lightning bolt of scheme wind up and lost benefits will not strike us, but if it does what can you do? Robert O'Donovan peers into the burnt crater with some suggestions.

	THIRD PARTY ADMIN SURVEY	31
	A growing business Third party administrators have had a bumper harvest this year, though as with farmers everywhere there has been downwards price pressure on their produce. Allison Plager surveys the market.

	REGULAR FEATURES	40
	Political stage
	Rallying cry: With action plans and reports on the pensions future, the government has been hoping to whip up crowd support for its policies.

	Points of law	45
	Practising safe pensions: Will the PPF be the best form of protection for schemes to carry, or could there be a radical continental alternative? asks Robin Ellison.

	Trustee topics	45
	Spoiling the view: The SMPI picture is framed and ready, but the illustration alone can have a confusing lack of composition, says Gresham Arnold.

	Beginners' page	46
	The actuary: In the first of a series probing the roles of the pensions professionals, Mick O'Loan takes a peep into the outlandish world of actuarial science.

	Tax and benefit notes	48
	Keeping on track: With root and branch simplification having derailed somewhat, Ian Long looks at pension reform's chances of being a smooth running success.

	Letters	12
	Courses and seminars	15
	NAPF Update	44
	Pensions progress	48
	Association forum	47
	Statistics	50

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