LexisNexis UK | Pensions World Magazine

The February 2004 issue of Pensions World

		Page

	COMMENT	3
	Curtain call NAPF Chairman Terry Faulkner applauds the Inland Revenues bold measures, but like many is growing restless waiting for the government to come on stage to act.

	CURRENT EVENTS	5/6/8/10/11/13/14/15/16
	A summary of current news including:
	Scrap basic state pensions	5
	Pension deficits halved?	6
	Middle managers hit by £1.4m cap	15

	SCHEMES DESIGN	17
	A wider menu Though final salary and money purchase are the meat and potatoes of the pensions world, the scheme design kitchen can whip up a lot more dishes - but are they just for connoisseurs? James Thomas tucks in.

	PENSIONS PROVISION	20
	From palace to hovel We may know the arguments for property as an investment for pension funds, but how about as an analogy? John Webber ponders whether the government is acting as builder or bailiff.

	INDUSTRY ASSOCIATIONS	23
	Vive la difference! Europe's beleaguered pensions sector could save more than €10bn a year, according to the EFRP - licensing, diversity and pan European tax neutrality, et voilà! Alan Pickering explains.

	TAX SIMPLIFICATION	25
	Testing to the limit John Hough drives the tax simplification proposals into a wall at 60mph. How will the various dummies of scheme design and admin processes suffer the impact?

	ASSET ALLOCATION	27
	Closed for the duration Debbie Harrison takes stock behind a scheme's closed doors and asks which investment strategy is right once its supplies and membership mature and dwindle.

	INVESTMENT FEES SURVEY	29
	Lighting up time Does full disclosure of fund management fees empower trustees or is it mere window dressing? Allison Plager looks at the transparent environment.

	ADMINISTRATION	33
	Planting out Ceri Jones scans the field of pensions admin for signs of soil trends and seed improvements. Can it produce a bumper harvest or are there too many crops tangled together?

	COMMUNICATIONS	37
	Disclose your hand There are times when employers can no longer let the trustees do the talking for them where the pension scheme is concerned. Jeremy Goodwin takes 'reasonable steps' to explain.

	FLEXIBLE BENEFITS	39
	Bending the rules Flexible benefit plans could be an ideal tool to soften the rigid and oppressive bars of DB scheme funding, especially in a new tax environment, says Peter Bowers.

	REGULAR FEATURES

	New series: Drinks with… Letters Political stage Points of law Pensions progress Tax and benefit notes NAPF Update Statistics	8 14 41 43 45 46 48 49

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