LexisNexis UK | Pensions World Magazine

The July 2004 issue of Pensions World

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COMMENT	3
No cashback, please! Stephanie Hawthorne, Editor, is concerned by the trend of replacing pensions with immediate cash alternatives.

CURRENT EVENTS	5/6/8/9/10/12/13/14
A summary of current news including: Government urged off the trustee fence Threat of soaring admin costs Tomorrow's Company assesses damage	5 5 5 6

PUBLIC CONFIDENCE	16
Leap of faith The savings gap is not just a problem for government and regulators. IoA President Mike Pomery challenges everyone in the industry to foster public confidence in the long term vehicles that can make it across the divide.

MERGERS & ACQUISITIONS	19
Coming together Hannibal Smith famously said “I love it when a plan comes together” – but he wasn't talking about pension plans. Mark Duke explains the action packed choreography of scheme collision .

LIMITED PRICE INDEXATION	22
LPI is dead – long live LPI You can hack away at the inflationary protection measure, but cutting alone will not kill the problems that are its offspring, says Paul McGlone.

CONFIDENTIAL INFORMATION	24
Keeping it under wraps A recent Privy Council decision shows that trustees may have to delve deeper than their Code of Practice when dealing with confidentiality issues. Louisa Brown, Lesley Browning and Andrew Henderson tell all – off the record, on the QT and very hush hush.

LITIGATION	26
Courting problems Pensions could become even more expensive if threats of increased employee litigation come to pass. John White suggests how schemes can try to stay well out of the courtroom.

CLASS ACTION LITIGATION	28
Group huddle Group litigation is making its way over the Atlantic and the financial services sector could be among its earliest targets, warns Mark Grant.

SURVEY OF GLOBAL CUSTODIANS	30
Unlocking custody Following global custody's 30th birthday cake, its waistline may be poised to expand. Allison Plager considers the wisdom of an extra portion.

SCHEME GOVERNANCE	33
Stay focused Louise Sylva examines how much notice schemes have taken of governance issues, while Gary Smith suggests how these might differ for DC schemes.

REGULAR FEATURES
Sue Ward reports on the Pensions Bill's continuing parliamentary journey (p36), Robin Ellison tries to look on the bright side of pensions despite the gristle (p38), Tim Gordon explores the realities of self investment (p42) and the beginner gets an overview of the independent trustee (p40).
Letters Courses and seminars Pensions progress Political stage Points of law Beginners' page Trustee Topics Tax and benefit notes Association Forum NAPF Update Statistics	12 13 14 36 38 40 42 43 44 45 46

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