The March 2007 issue of Pensions World

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COMMENT Bonus points for the City The financial geniuses need to invent a consistent and fair retirement plan for the ordinary worker, says Stephanie Hawthorne.	3
CURRENT EVENTS A summary of news, including: Royal Mail scheme closure ECJ ruling overturned Pensions personality test DC inadequacies Cash inducements tax	5 6 10 11 13
VIP FORUM A hard ACTuary to follow As former president of the Institute of Actuaries , Michael Pomery has plenty of advice to calm the fears of the generation about to take to the stage.	18
LOCAL AUTHORITIES The next chapter Local authority schemes are facing funding pressures but if they research their finances cover to cover they may see a new story unfold, says Helen Verrell.	20
SURVEY: DC AND GPP Spice it up The industry is singing the song of defined contribution and group personal pensions, Allison Plager picks up the microphone to introduce the new chart entries.	24
PENSION PLANNING Fanning the flames Apathy is a burning issue in the introduction of defined contribution schemes. Simon Hazeldine gives advice on how to make them sensationally attractive.	30
FLEXIBLE BENEFITS No longer nervous flex Annika Haslett is bending over backwards to show smaller firms they can use flex as much as their larger rivals.	32
CONTINGENT FUNDING A big event Karen Butroid toasts the security of contingent assets and thinks trustees should get invited to the party.	34
STRANDED SURPLUS Island of money Scheme surpluses may become more than just a mirage in the coming years. Kevin Wesbroom advises on how this cash can be put to good use.	36
SCHEME FUNDING Baby steps Scheme funding is still in its infancy but the Pensions Regulator could prove to be a strict parent over the next year, says David Gallagher.	38
REGULAR FEATURES Letters In good company / Courses and seminars Investment Brief Buy the book NAPF update DC debrief Political stage Points of law Trustee topics Beginners' page Tax and benefit notes Pensions progress Regulation roundup/Association forum Statistics	8 14 15 16 17 40 41 43 45 47 48 51 52 53

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