The August 2008 issue of Pensions World

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COMMENT A new underclass? Millions of pensioners could face a 53% drop in income on retirement unless current rates of provision are increased says Stephanie Hawthorne.	3
NEWS A record year for TPAS FAS regulations cut off lifeline DWP to ban inducements Adviser says: “don’t panic” as gloom mounts £100bn protected rights can move to SIPPs PADA gears up for 2012 “ASB’s proposals could cut DB provision” warns NAPF	5 6 6 8 8 12 12
Multi managers Best in class Ceri Jones assesses some eye-catching displays from the top 30 multi managers.	16
Commodities All that glisters... Is it too late for pension schemes to join the rush to invest in commodities? asks Simoney Girard.	20
Solvency II Devil in disguise The new European insurance Directive – a curse or a blessing? Jane Beverley reports.	22
Transfers overseas On the move Don’t forget to pack your pension when moving abroad advises Mike Morrison.	24
Scheme funding Tactical manoeuvres Miriam Ahamat on how to keep the peace at the negotiating table when discussing pension funding.	25
Corporate governance Governance battleground Pensions policy needs support from all relevant parties for lasting success explains Michael Walsh.	27
Third party admin survey Helping hand Allison Plager surveys how TPAs can help companies struggling to stay on top of their pensions administration.	29
REGULAR FEATURES Courses & seminars Letters Around the world in 365 days New series: all the latest international benefits news. Buy the book NAPF update Investment brief Anthony Hilton, Evening Standard, is in the picture when it comes to dealing in fine art. DC debrief Political stage The government intends to clamp down on employer inducements to opt out says Ceri Jones. Points of law Too much secrecy over pension information only arouses suspicion warns Robin Ellison. Trustee topics Beginners’ page Tax and benefit notes Teaming up and pooling resources is one way of managing pension risk advises John Wilson. Pensions progress Association forum/Regulation roundup Statistics In good company	9 10 12 13 14 15 37 38 40 42 43 44 46 47 48 53

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