Thursday 17 May 2012

May 2012 issue

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Relief all round

Mark Hyde-Harrison, NAPF chairman, on the Budget, Solvency II and infrastructure

As I write this column, the Chancellor’s Budget has just been delivered and, while much of the detail may now be a dim...
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Analysis

VIP VIEWPOINT Dangerous experiment

QE is hugely damaging for UK pensions says Dr Ros Altmann

The Bank of England’s policy of quantitative easing (QE) is a huge monetary experiment with dangerous and damaging...
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INVESTMENT BRIEF A boardroom vacuum

Are the controls on top directors tough enough? asks Anthony Hilton, Evening Standard

This spring may go down as the time when shareholders finally lost patience with companies about executive pay. Hermes, the...
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POLITICAL STAGE Targeting the rich

Labour is calling for tax relief for higher rate taxpayers to be capped reports Ceri Jones financial journalist

Labour leader Ed Miliband, in a speech at Eastpoint in Southampton in April where he was campaigning for control of the city...
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POINTS OF LAW Seeing red

Robin Ellison, Pinsent Masons, responds to Steve Webb’s red tape challenge

Would our lives be much improved if puppets were in charge, rather than politicians? We might remember in particular the...
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Features

PENSIONS ADMINISTRATION Getting it right first time

Maladministration is in no one’s best interest – and it costs more – argues Lesley Carline, PASA

The Pensions Administration Standards Association (PASA) is the new kid on the block for ensuring that members receive the...
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LONGEVITY RISK The long and the short of it

Small does not have to be expensive when it comes to longevity risk suggests Nigel Barlow, Partnership

The principle of longevity risk will, at some point, have been the bane of most readers’ lives; yet thousands of small...
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PENSION DEFICITS Making it clear

Pension deficit trackers need to be less ambiguous as they can confuse the message explains Hugh Creasy, Xafinity

Each month the Land Registry, the government, mortgage lenders and property experts all tell us what has happened to...
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PMI SPRING CONFERENCE Marathon task

Ceri Jones, financial journalist, reports on the PMI spring conference and the staying power of the Pensions Minister, Steve Webb

Pension Minister Steve Webb gave the keynote speech at the PMI spring conference in March. It was aptly entitled "...
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LAW Wheels within Wheels

Schemes should hope for the best but prepare for the worst while awaiting the decision in the Wheels case advises Nick Warner, PKF Accountants & Business Advisers

Investment fund managers and their clients are carefully watching the progress of a European Court case which could mean VAT...
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GOVERNANCE Quarterly capitalism

Will Oulton, Mercer, on how the finance industry’s focus needs to be on long term sustainable growth rather than simply the next quarter’s earnings

The financial crisis and global recession have left champions of free market capitalism facing an increasingly sceptical...
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INVESTMENT Value judgment

Tim Hodgson, Towers Watson, explains the thinking behind thematic investing

We believe thematic investing or even just thinking about investment themes has merits in shaping both the asset allocation...
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TRANSFERS Tempting offers

Schemes must be very careful when dangling the carrot of enhanced transfer values in front of members warns Martin Palmer, Friends Life

Since their inception, enhanced transfer values (or ETVs) have caused somewhat of a furore in the industry. Controversial...
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COUNTDOWN TO 2012 The pensions hokey-cokey

Stacy O’Sullivan, Lane Clark & Peacock, takes us through the steps for opting in and out

Not all employees will want to be automatically enrolled into a pension scheme and so it is possible for them to opt out,...
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VIP COMMENT The path to success

Auto-enrolment will fail unless DC members receive more practical help warns Kevin LeGrand, Society of Pension Consultants

Auto-enrolment has to work. The figures showing the number of pensioners in prospect over the next few decades display a...
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AUTO-ENROLMENT Paper weight

It looks like there will be more paperwork for trustees to do, with the arrival of auto-enrolment warns Lesley Browning, Norton Rose

learly, auto-enrolment is primarily an obligation of employers who employ "eligible jobholders", but there are...
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