The July 2007 issue of Pensions World

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COMMENT Taking the long view There are many lessons to be learned from the past and current pensions issues must be looked at in context to avoid repeating mistakes says Chris Hitchen.	3
CURRENT EVENTS A summary of news, including: Hutton on Personal Accounts Problems with private equity Retirees continuing to work Paul Thornton’s report	5 6 8 9
Icing on the cake? Trustees are concerned about their own liability. Allison Plager asks whether insurance is really necessary or just an added sprinkle of sugar.	16
For the love of the game Asset servicing companies are getting more competitive but are the small players losing out? Ceri Jones investigates.	20
No time to lose Retirement saving must happen sooner rather than later according to John Jory.	25
The perfect pensions gambit Peter Routledge looks at how companies must play the new game of defined contribution.	27
All aboard! The timetable is in place for the new government saving scheme. Jacki Johnson explains all.	28
Easy as A DC? There is an alphabet of considerations when moving to contract based schemes but members’ interests come first says David Davison.	29
Dr Jekyll and Mr Hyde Rob ten Wolde looks at two different pensions characters, administrators and investors, and decides which personality will dominate in the workplace.	30
The case for a world tour Bond portfolio managers need to look at new opportunities and venture further in their hunt for returns according to Andy Weir.	32
Hold tight! Overseas equities are only for those with strong stomachs as exchange rates are so up and down. Currency overlay is one solution worth a try says Daniel Hall.	34
REGULAR FEATURES Letters/Courses & seminars Buy the book Investment Brief NAPF update Political stage DC debrief Points of law Trustee topics Tax and benefit notes Beginners' page Pensions progress Association forum/Regulation roundup Statistics In Good Company	10 12 14 15 36 38 39 41 42 44 45 46 47 53

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