The March 2006 issue of Pensions World

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COMMENT Bond mania With pension schemes showing a devil may care attitude towards bonds, Stephanie Hawthorne diagnoses a particular brand of investment madness.	3
CURRENT EVENTS A summary of news, including: The battle over bulk annuities Fears over new scheme funding regime ABI proposes partnership pensions Britain still in the retirement race	5/6/8/9/10/11/12 5 6 9 12
TURNER: TORY RESPONSE No Brownie points The Turner Report provides a real opportunity for debate but the Chancellor's childish approach is preventing a true class discussion, says Philip Hammond MP.	14
A DAY: ORDINARY WORKERS Pay Day As A Day marches ever closer and the situation gets more complicated, workers at all levels need advice on how to make the most of new opportunities, says Dick Strattan.	17
A DAY: UNSECURED PENSIONS Crystal clear Steve Bee navigates his way though the fog of A Day simplification to reveal new jewels like income drawdown and unsecured pensions, which could make the future really shine.	20
FLEXIBLE BENEFITS The joy of flex Flexible benefits are set to become the position of choice for competitive employers but how can you tell if you're getting good flex? Mic Wright sets out a guide to improving your flex life.	22
ADVISER CONFLICTS Piggy in the middle New trustee obligations could find advisers in the middle of more conflicts than ever before. Jay Doraisamy and Steve Southern look at how they can duck the punches.	26
PUBLIC SECTOR PENSIONS Trouble down the local Major changes are scheduled for the local government pension scheme but members may revolt as time is called on the rule of 85. Martha Quinn plays devil's advocate.	29
STAKEHOLDER SURVEY Half baked? Stakeholders were meant to be a new taste sensation but five years on, are they beginning to go stale? Allison Plager steps into the kitchen to discover whether they are still worth the dough.	33
REGULAR FEATURES Richard Graham teaches trustees how to avoid a tumble (p38), Mark Green shows how effective auto-enrolment can work like clockwork (p39), Sue Ward tunnels beneath the political spin around pensions (p40) and Robin Ellison considers the pleasures and pitfalls of foreign climes (p42). Courses and seminars Letters In Good Company Trustee Topics DC debrief Political stage Points of law Association forum Tax and benefit notes Beginners' Page Pensions progress NAPF update Statistics	8 10 11 38 39 40 42 43 44 47 48 49 50

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