The September 2008 issue of Pensions World

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COMMENT Autumnal mood? Joanne Segars, NAPF chief executive, sets the agenda for the final quarter of the year.	3
NEWS Postcode annuities become the norm KPMG warns of looming “pensions crunch” Trustee selection slammed Too much red tape is killing off DB schemes, says CBI PPF faces £80bn deficit	5 5 6 6 6 6
Profile On a new tack Stewart Ritchie has just finished a two-year stint as president of the Faculty of Actuaries. He gave an exclusive interview to Ceri Jones.	14
TPAS Silver service The Pensions Advisory Service celebrates 25 years of giving free advice to the public. Barry Wilkins highlights its successes.	16
Defined benefit Complex interaction Rebecca Driver on the intricacies of preventing a scheme going bust.	19
Communications Keeping the customer happy Don’t forget the importance of internal marketing when it comes to pensions information, says Jon Pearce.	20
Pensions provision Heavy duty David Seaton on how to avoid being weighed down by punitive tax charges.	22
Fixed income Uncertain waters Navigate a course through the rocky seas of global credit market volatility with Mark Miller.	24
Trustee training survey Back to school Tim Cooper awards top marks to the best trustee training courses.	27
REGULAR FEATURES NAPF update Courses & seminars Letters Around the world in 365 days New series: all the latest international benefits news. Buy the book Investment brief Anthony Hilton, Evening Standard, believes accountants have finished off DB pensions DC debrief Political stage The Shadow Secretary for Work and Pensions, Chris Grayling, is profiled by Ceri Jones. Points of law There are no clear culprits in the Equitable blame game, says Robin Ellison. Trustee topics Andrew Hoddinott on transfer guidance. Pensions progress Beginners’ page Tax and benefit notes Is HMRC too tough on the recycling of tax free lump sums? asks Eleanor Dowling. Association forum/Regulation roundup Statistics In good company	8 9 9 10 11 12 33 34 36 38 39 40 41 44 45 50

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