The September 2006 issue of Pensions World

	Page
COMMENT Life's ladder With the government's help, the old can lift the young out of debt. Stephanie Hawthorne steps up with solutions to this tall order.	3
CURRENT EVENTS A summary of news, including: PASC pummels government The Segars succession Terrorists and equity risk Opinion: young people and pensions The last we will see of DB?	4 6 8 12 14
PROFILE Milestone The Pension Protection Fund has refuelled with a new chief executive. Helen Verrell meets the man in the driving seat, peers at his roadmap and wonders where he is headed .	19
THE PENSIONS REGULATOR Caught in the web Schemes returns are a sticky issue and information can fall through the gaps. Paul Gibbon reveals how TPR has spun a delicate construction to effectively snare them.	22
VOLUNTEERING Helping hand The Pensions Advisory Service runs a gruelling race helping people with their pensions problems. Barry Wilkins asks if you are ready for a challenge and could take up the baton.	24
PAN EUROPEAN ADMIN Ground breaking Developing pan European administration means breaking new ground. Clive Witherington describes how Watson Wyatt made the earth move for Vodaphone Germany with a new defined contribution scheme.	26
SIPPS Goody bag Group self invested personal pensions are now crammed full of treats for employers in search of prestigious perks, says Tom McPhail.	29
FINANCIAL SUPPORT DIRECTIVES Pulling strings? Banks taking debt equity swaps could be painted as puppet masters by the Pensions Regulator when it comes to financial support directives, says Ruth Bamforth.	30
SURVEY: TRUSTEE TRAINING Tree of knowledge The financial foliage is spreading and trustees must grow their knowledge in order to see the wood for the trees. Cheeky monkey, Helen Verrell, takes a swing through the many branches of trusteeship.	34
APPRAISALS Repeat performance Appraisals are frequently beset by unwilling participants, stage fright and garbled scripts. Graham Yemm explains how to get a good review.	40
REGULAR FEATURES Letters Courses and seminars In good company Investment Brief Buy the book DC debrief Political stage Points of law Trustee topics NAPF update Beginner's page Tax and benefit notes Pensions progress Association forum Statistics	8 10 12 17 18 42 43 45 47 49 50 51 53 54 56

© Copyright Tolley Publishing, a Division of Reed Elsevier(UK) Ltd. All rights reserved