Back Copy Ordering Service 2003 Issues
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- PRESSING THE
POINT
An outrage! 12
The people who most need the government’s reforms for pensions security will be locked outside of them, even though to bring them justice would be comparatively inexpensive, says Andrew Verity. - DEFINED CONTRIBUTION
Fortune telling 17
A shift to DC does not spell a pensions future of doom and gloom, says David Butcher. Rather, a 21st century of undiminished contributions could benefit from its flexibility. - SOFTWARE SURVEY
Number crunchers 21
Do pension schemes need thousands of members and the right numbers on their bank balance to cope with new administration software? Howard McWilliam looks at industry developments.
- VIEWPOINT
The merry-go-round 17
The unruly and relentless carousel of pensions issues keeps journalists writing, but do they exacerbate the bad news for the sake of the ride? Stephanie Hawthorne says ‘no’. - PENSIONS AND THE INTERNET
Net working 27
We have been hearing for years how the internet will shake up pensions for the better. James Thomas assesses whether the net is fulfilling its promise or just getting tangled. - DC/GPP SURVEY
Spice of life 31
Against the favoured flavour of DB, how much of a kick do DC and GPP schemes have? Allison Plager surveys the cooks in the providers’ kitchen and examines their product recipes.
- PRESSING THE
POINT
A call for compulsion 14
While the government plays for time, Peter Lilley, former Secretary of State for Social Security, argues for a wholesale reshuffling of pensions driven by compulsion and reduction of unfair cross subsidies. - CONSULTANTS’ SURVEY
Soothing the pain 17
When occupational pensions fall ill, what kind of remedies do the consultants have at hand - and are they cures or placebos? Allison Plager surveys the practitioners: are they wise men, or simply quackers? - MONEY MARKET
FUNDS
Market value 33
James Thomas ambles down Money Market Street, a riot of colour and cries of “juicy leverage here!” and “liquidity! Get your liquidity!”, on the lookout for good value.
- VIEWPOINT
Empty promises 17
BBC correspondent Andrew Verity is shocked to discover that members have been misled into trusting some rather hollow or even non existent pensions promises. - RETAIL PRICES INDEX
Pricing a nation 21
Howard McWilliam takes a look at the complex and painstaking process for measuring our national inflation. Though the RPI has been honed to a fine art, could it be under threat from the European HICP? - SECURITIES LENDING
Securer choices 37
Pension schemes are sitting on some good - and possibly irresistible - opportunities for boosting income now that the risks of securities lending are under lock and key, says Ceri Jones.
- ACTUARIAL ADVICE
Push and pull 16
Trustees’ aims are ever more at odds with those of the sponsoring employer. When the pensions tug o’war begins, a separate actuarial adviser could be needed for each end of rope, says Mark Duke. - ASSET ALLOCATION
Coming home to roost 19
James Thomas looks at the potentially misleading bonds vs equities question. A case of the hare and the tortoise, eggs in different investment baskets, or just herding cows knocking milk over? - THIRD PARTY ADMIN
SURVEY
A growing business 31
Third party administrators had a bumper harvest this year, though as with farmers everywhere there has been downwards price pressure on their produce. Allison Plager surveys the market.
- PENSIONS FOR
SMALL BUSINESSES
Small scheming 16
Do SMEs have the incentives to provide flourishing occupational schemes, or is their pensions soil rather barren? Howard McWilliam asks if they should be planting or paving over.
- FLEXIBLE BENEFITS
A flexible case 21
Is flex going to be a supple advantage or a floppy disaster for your company? Philip Hutchinson explains how you can find out.
- GLOBAL CUSTODY
SURVEY
Global cuisine 34
Custodian of the arts James Thomas explores the recipe for pensions soup in the 21st
century, questioning whether global custody is applied in sensible proportion. .
- CORPORATE GOVERNANCE
Sleeping giants? 18
As the concept of corporate governance gains currency, will shareholders wake from their slumber? And should boardrooms prepare themselves for sleepless nights ahead? James Thomas finds out.
- PENSION DEFICITS
Slamming doors 23
With so many defined benefit doors shutting in the faces of new employees, can anything be done to keep the DB system open? Ceri Jones tests the locks.
- THE LAWYERS’
LAWYER
Get stuck in 27
Pension lawyers have a great deal on their plate. Howard McWilliam tests their appetites and finds out the flavours of the month.
- TRADE UNIONS
United we stand 17
Though trade unions often have a lot to argue about, on the matter of compulsory pension contribution they are largely unified. James Thomas investigates the demand. - INVESTMENT SURVEY
Slip and slide 22
2002 presented another bumpy ride for pension fund investment. Allison Plager reviews industry performance and looks for the bright points among toppled markets. - TRUSTEE INSURANCE
SURVEY
The safety net 31
With trustee liability rates soaring along with all professional insurance, is that safety net still worth it? Howard McWilliam conducts some tests by plummeting onto concrete without one.
- PROPERTY INVESTMENT
SURVEY
Changing the mix 31
The asset liability study is the cement of a pension fund’s investment strategy. Could it do with a few more shovelfuls of property? asks Howard McWilliam. - INDEPENDENT TRUSTEE
SURVEY
ITs: guns for hire? 23
In the battlefield of wind ups, are independent trustees the best bet for a swift sortie or has the DWP’s evasion made them lame ducks? James Thomas has them in his sights. - INFLATION
Raising the dead 18
Could inflation raise DB like Lazarus from the tomb or suck the life from its veins? Richard Jones examines the myths and monsters and their threat to companies and scheme members.
- STAKEHOLDER SURVEY Blowing
out the candles?
The “I am 2” badge is being prepared for stakeholder pensions, but are they having a healthy infancy? Allison Plager examines the teething troubles versus the first triumphant steps.. - DB STRATEGIC
REVIEW Plan B
The strategists should be careful of how gung-ho they are in the retreat from DB. Pat Wynne looks at some of the problems of a hasty manoeuvre into DC, while Richard Shackleton examines some of the alternatives. - DC INVESTMENT
The agony of choice
As a lot of new DC schemes go through their growing pains, putting members in control of some confusing instruments, are we agreeing on a healthy number of investment choices? asks Mark Walker.
- Immortality: accident or design?
An army of the undead may be the stuff of Buffy the Vampire Slayer, but pension offices can occasionally encounter rogue immortals seeking financial blood, says Mike Cheeseman. - Checking the billsTime to pay those investment fees again? Though they may seem steep, they shouldn’t necessarily urge trustees towards some false economising, Allison Plager suggests.
- Green paper and
reform special
A collection of articles navigating the plucky pension professional through the government's Pensions Green Paper and the Inland Revenue's tax reform. What are the crucial implications and benefits, and where has the government fallen short? Various authors expound.
- Window shopping
The investment marketplace is quite the bustling arcade. But what should pension schemes look for when picking a manager to spend their money on? James Thomas browses. - A good investment
Can we save the planet and make money? The growing popularity of SRI funds says “yes”. Howard McWilliam investigates whether funds should put their consciences where their wallets are. - Stepping on the
scales
When a pension scheme’s admin department weighs in, what can be done if it doesn’t like what it sees? Personal trainer Allan Course gives some useful advice for spotting the heavy, sagging areas.
