The December 2007 issue of Pensions World

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To Cap It All The proposed cap on inflationary increases to deferred pensions is a sensible move but the government needs to go further says Chris Hitchen.	3
CURRENT EVENTS A summary of news, including: PPF streamlines its processes Personal Accounts NAPF and Myners Principles PAG all night vigil DC contributions nearing 15%	5 5 6 6 10
Education, education ... Educating DC members and training trustees for the arrival of Personal Accounts was the lesson of this year’s conference. Jane Herrington reports.	12
Mission control Tim Cooper assesses how technological advances in software and better controls are improving the efficiency of pensions administration	14
Ringing the changes The wider range of assets and growth funds now available is chiming well with the increased interest from schemes in alternative assets says Ceri Jones.	19
Exit strategy Amendments to the exit debt regulations due to come into force in December could encourage employers to get out of schemes before Christmas warns Esther White.	24
Principal players Trustees now have a key role to play in the unfolding drama of the relationship between scheme funding and the strength of the sponsoring employer covenant declares Chris Martin.	26
Under pressure Small defined benefit schemes are in danger of buckling under the demands of pensions legislation. Tony Barnard argues the case for exemption for those with fewer than 100 members.	28
REGULAR FEATURES Courses & seminars Letters Buy the book Reviews of the latest pensions publications Investment Brief DB schemes are destined for the scrapheap despite the deregulatory review says Anthony Hilton, Evening Standard. NAPF update The latest news from the NAPF DC debrief Automating the trading process. Political stage The government could end up in a fight with the European Union if it goes ahead with its plans to offer free generic financial advice says Ceri Jones. Points of law Judges have appeared out of date and out of touch in recent pensions cases. It is time for them to be more understanding says Robin Ellison. Beginner's page Tax and benefit notes Can pensions simplification work this time around if there is no compulsion to contribute and people can opt out of Personal Accounts? Pensions progress The Chancellor’s Pre-Budget Report Association forum/ Regulation roundup Statistics In Good Company	10 11 13 16 17 35 36 38 41 42 44 45 46 51

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