The December 2008 issue of Pensions World

	Page
COMMENT Act before it is too late The future of defined benefit schemes is at risk unless government takes action now to ease the burden on employers says Stephanie Hawthorne.	3
NEWS Help for employers while 94% fail to plan for 2012 FSA fines AWD Chase de Vere Wealth Management £1.12m Longevity risk overstated by £30bn, says PWC Fund managers’ ESG record improves Top award for PW editor	5 5 6 6 8
annuities Peace of mind Annuities provide a steady income while the world is in turmoil. Stephanie Hawthorne reports.	14
Lifetime supply Compulsory annuitisation at 75 should go says Malcolm Small.	17
Administration Traffic flow STP is the “must have” technology for DC. Martin Freeman gets connected.	18
Local authorities Under scrutiny Is the new Local Government Pension Scheme in need of reform? asks Alison Murray.	20
Regulation A storm in a teacup? Jane Marshall warns that the Regulator’s new powers could brew up trouble for companies.	22
Employer debt regulations Monstrous invention There is too much tinkering says David Griffiths.	24
DC Correct steering Jarrod Parker advises on the best DC route.	25
Governance Supporting role When administration is outsourced, trustees must still be supported says Matt Guest.	27
Investment Too many eggs? Mark Miller assesses diversification.	30
DC schemes survey Quality control An indispensable DC, GPP and stakeholders’ buyers’ guide from Allison Plager.	32
REGULAR FEATURES Courses & seminars Around the world in 365 days Letters Buy the book NAPF update Investment brief Anthony Hilton, Evening Standard, looks east. DC debrief Political stage Points of law Trustee topics Beginners’ page Tax and benefit notes Pensions progress Association forum/Regulation roundup Statistics In good company	8 8 10 11 12 13 37 38 40 42 43 44 46 47 48 54

© Copyright Tolley Publishing, a Division of Reed Elsevier(UK) Ltd. All rights reserved