LexisNexis Butterworths | Pensions World Magazine

The September 2005 issue of Pensions World

		Page

	COMMENT	1
	Age and waste Stephanie Hawthorne hopes that long overdue legislation will right the wrongs of ageism and keep the workplace from haemorrhaging talented people.

	CURRENT EVENTS	5/6/8/10/11/13
	A summary of current news including:
	Deficits down but far from out	5
	Industry sector pensions lottery	6
	Job ads ignore pensions	6

	SCHEME GOVERNANCE
	Keeping a tight ship As the industry drifts further into DC waters, it is time to swab the decks and make scheme governance truly ship shape for the 21st century, says Joanne Segars.	14

	TRUSTEE TRAINING SURVEY
	Up to speed? With the Pensions Act 2004 strapping trustees firmly into the driving seat, who will make sure they are masters of the pensions highway? Emily Colman takes a test drive with some of the training instructors.	17

	ANNUITIES
	‘Ill’ gotten gains Annuities are one of the few areas in life where unhealthiness pays. Matt Trott calls for education to show buyers just how simple it is to get the most from their bad habits.	25

	PENSIONS CONSULTATION
	Straight talking From next April, members are invited to the discussion table on any proposed scheme changes. Martin Scott explains the nuances of proper consultation, and how it may be a help rather than hindrance.	27

	LOCAL AUTHORITIES
	Recipe for success Government backed schemes have a mouth-wateringly good covenant. As such, their assets can whip up some adventurously long term feasts, suggests David Morley.	28

	BENEFIT SECURITY
	Under guard TPR calls for a behavioural shift in securing benefits. With many schemes at the mercy of the sponsor covenant, trustees need to keep the protective options under close watch, explains Chris Squirrel.	30 32

	LIABILITY DRIVEN INVESTMENT
	Peripheral vision Liability driven investment always makes sense, but a narrow approach can be counterproductive. Joanna Munro suggests how to keep your LDI wits about you over the full spread of risk.	34

	CHINESE EQUITIES Rising in the east Kheim Do outlines the eastern investment promise in China’s ‘second industrial revolution’.	42

	REGULAR FEATURES
	In a new regular feature, “DC debrief” (p37), Gary Smith offers aspirin for DC headaches. Meanwhile, Sue Ward has the usual roundup from Whitehall (p38), Robin Ellison talks trust with Portia (p40) and Tim Gordon questions bonds (p41).

	Letters Courses and seminars Association forum DC Brief Political stage Points of law Trustee topics NAPF Update Tax and benefit notes Pensions Progress Statistics	10 11 13 37 38 40 41 43 44 46 47

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