The May 2007 issue of Pensions World

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COMMENT 35 years on Stephanie Hawthorne reflects on the causes and triumphs of her 18 years as editor and looks ahead to the next decade of challenges.	3
CURRENT EVENTS A summary of news, including: Industry on Personal Accounts 1997 warning: ACT credits Sainsbury's deal collapses ACA: private pensions review MG Rover's PPF transfer	5 6 8 9 10
Fast forward Spring is in the air as Helen Verrell reports from the PMI conference where speakers looked ahead to the introduction of Personal Accounts and considered how time machine-like the PPF really is.	17
Brickbats and building blocks As the pensions system continues to teeter, outgoing NAPF chairman Robin Ellison is standing firm. Mic Wright, former assistant editor meets him.	18
NAPF at your service The NAPF is rising to the challenge of supporting occupational pensions in the 21st century. As Joanne Segars, chief executive explains, there are lots of new initiatives in the pipeline.	21
Heart of the matter Today's pensioners are finding it increasingly difficult to make ends meet, let alone support their loved ones. It is time to heed their warnings says Margaret Dibben, former Guardian money editor.	22
New toys Read the instruction manual before using a new IT system. The hazard is you might miss out on important benefits if you ignore it, says Simon Butler.	24
Benefits defined Although A Day was a headache to implement, many people are better off for it, says Mark Baker.	26
Slow and steady Healthy returns and falling deficits shows that pension scheme investment is trundling along nicely. Allison Plager goes along for the ride.	28
REGULAR FEATURES Letters/Courses & seminars Buy the book Investment Brief NAPF update DC debrief Political stage Points of law Trustee topics Tax and benefit notes Beginners' page Regulation roundup/Association forum Pensions progress Statistics In Good Company	10 11 12 15 33 34 36 39 40 42 43 44 45 51

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