LexisNexis UK | Pensions World Magazine

The September 2004 issue of Pensions World

	Page

COMMENT	3
Endangered! As the regulatory climate shifts, what can we do to prevent extinction of the much valued volunteer trustee? asks Editor Stephanie Hawthorne .

CURRENT EVENTS	5/6/9/10/12/13/14/15
A summary of news, including: DB deficits are ‘deal breakers' Public sector liabilities grow Property watch: where in the cycle?	5 5 10 12

INTERVIEW	13
Enlightened pragmatism Howard McWilliam talks to NAPF Chairman Terry Faulkner about the government's track record, pension reform and the continuing need for the NAPF's practical know-how.	17

PENSIONS SIMPLIFICATION	21
A wider net Public debate has concentrated on the relatively few large fish caught by the IR's simplification net, ignoring the majority of minnows affected. Chris Connelly wades in.

TRUSTEE ACTIVISM	23
Trigger happy? Trustees now have powerful ammunition in commercial negotiations but the risk of backfire is formidable, warn Sir John Butterfill MP, Dr Wyn Derbyshire and Steven Davis.

MANAGER OF MANAGERS	25
A universal cure? Perception of the MoM package for pension funds may have moved from ‘alternative remedy' to mainstream medicine, but is it appropriate for everyone? Tony Earnshaw conducts tests.

EQUITY BENCHMARKING	27
A well travelled portfolio For schemes' benchmarks to do their job properly they need to get out of the UK more, asserts Natalie Winter .

LIFESTYLE FUNDS	29
Leaving the nest To get employer and employee confidence in DC truly airborne we must educate and encourage members to spread their wings more, says David Butcher.

ADMINISTRATION	31
Nuts & bolts Trustees need a good idea of how the admin machine works even if they delegate its operation to a TPA mechanic, explain Morag Williams and Michael Collins .

PHASED DRAWDOWN	35
More than a phase Phased drawdown is a useful product but will never be a mass market one as long as it remains so misunderstood, says Dave Lowe .

INDEPENDENT TRUSTEE SURVEY
Peak performance Independent trustees have the right expertise and equipment to secure a scheme to the regulatory rockface but they come at a price, says Allison Plager .	35

REGULAR FEATURES
Topics include Finance Bill clauses (p45), trustee knowledge (p48) and ‘liability dumping’ on the PPF (p50).
Letters Courses and seminars Political stage Points of law Trustee topics Beginners' page Association Forum NAPF Update Tax and benefit notes Pensions Progress Statistics	x x 40 42 44 45 46 47 48 50 51

Click here to order this issue of Pensions World

For advertising information please contact
zoe.kray@lexisnexis.co.uk
on 020 8722 3411