LexisNexis UK | Pensions World Magazine

The August 2004 issue of Pensions World

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COMMENT	3
Evolve or stagnate Terry Faulkner is disappointed by Pensions Bill amend ments that could strangle other worthy reforms.

CURRENT EVENTS	5/6/8/9/10
A summary of news, including: 65,000 people dispossessed Severe admin concerns	5 5 8

PRESSING THE POINT	13
Informed choice How can we get people to save in pensions if they don’t understand them? asks Andrew Smith MP.
The pensions roadblock Trustees have considerable power to obstruct a corporate takeover. Andrew Verity wonders how they should wield it.	14

THE STATE PENSION	16
In a right old state As the UK ages, something will have to give in state pensions. Howard McWilliam examines how we are likely to deal with demographic ultimatums.

MULTI EMPLOYER SCHEMES	22
Holding out for a hero Alan Pickering has described multi employer schemes as “the unsung heroes of pensions”. James Thomas elaborates on their powers and weaknesses.

PENSION SECURITY	24
Safe hands Trustees have quite a job on their hands to balance the corporate covenant and make-or-break funding strategies, says Chinu Patel.

COMMUNICATION	27
Talking loud & saying something Tony Eakins and Colin Cotton advise on how to give a communications programme a decent shelf life.

THIRD PARTY ADMIN SURVEY	31
Going with the flow Is the tide likely to turn on the move to outsourced admin, or are TPAs riding a wave that can only swell with pensions ‘simplification’? asks Allison Plager.

ADVISERS	39
Tender loving care Kim Gubler explains how trustees can keep the flame alive with their actuarial partners – but if it’s really not working, they shouldn’t fear showing them the door.

HEDGE FUNDS	41
Peering over the hedge Every investment has pros and cons – Neil Morgan looks beyond hedge funds’ disarming statistics to survey their usefulness for pension schemes.
Trustee topics Hedges I win, fat tails you lose : Tim Gordon explains how hedge funds’ negatively skewed ‘fat-tailed’ returns can hide some less uplifting characteristics.	43

DC COMMUNICATION
The art of persuasion Steve Folkard outlines the gulf between how companies would like their staff to access pension information and what really happens.	44

REGULAR FEATURES
Topics include Finance Bill clauses (p45), trustee knowledge (p48) and ‘liability dumping’ on the PPF (p50).
Letters Pensions progress Political stage NAPF Update Points of law Tax and benefit notes Pensions Progress Courses and seminars Association Forum Beginners’ page Statistics	10 14 45 47 48 50 52 52 53 54 55

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