The November 2007 issue of Pensions World

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Solvency too? Chris Hitchen explains that the new EU funding rules could mean schemes will now have to play a tougher game than they have in the past.	3
CURRENT EVENTS A summary of news, including: Pre-Budget Report SIPPs partnership New NAPF DC system Property rather than pensions Trustees feel the pressure	5 5 6 6 8
Prickly pension schemes Trustees and employers need to work together more closely in the new regulatory environment. Tim Cooper reports.	12
Future outlook Pensions World is 35 this year and the theme of its annual conference was revitalising workplace pensions. Jane Herrington was there	14
Are these finished with? Pensions lawyers have had to keep up with the government’s appetite for legislation and consultation. But James Thomas asks, have they finally had enough?	19
Audience participation The risks associated with not communicating to members can no longer be ignored. Lesley Carline advises on engaging the audience.	24
Price reductions Buyout is a viable derisking strategy for many schemes and it will become more popular as its price decreases over time. Charlie Finch and Jill Bourne give us the sales pitch.	26
Working agreement Retirement is no longer a case of receiving a gold watch and a handshake. David Bird explains why employment patterns are changing and looks at the implications of people working longer.	28
Trial of strength Trustees need to consider the tricky question of risk and the strength of the company covenant when they are putting together their funding plans says John Walbaum.	30
REGULAR FEATURES Courses & seminars Find the right course for you in your area. Buy the book Investment Brief Anthony Hilton, Evening Standard, advises trustees to tuck into equities. NAPF update The latest news from the NAPF DC debrief Automating the trading process. Political stage Ceri Jones, financial journalist, reports on the latest political developments. Points of law Robin Ellison, Pinsent Masons, ploughs through the forest of regulation and guidance. Beginner's page Tax and benefit notes The potential outcome of age discrimination legislation proposals. Pensions progress Association forum/ Regulation roundup Statistics In Good Company	8 11 16 17 33 34 36 38 40 42 43 44 51

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