The material detriment test – what are the implications for corporates?
The ‘material detriment’ test has been introduced by the Pensions Act 2008, replacing the ‘main purpose’ test for issuing Contribution Notices (CNs) The test widens the scope of the Pensions
Issue: April 2009 Author: Claire Brawn

New financial year – time for a review
As we approach the end of the 2008-09 tax year there will be plenty of reminders telling us what we should have done to improve our finances in that year – but time to give them detailed
Issue: April 2009 Author: Bob Perkins DipPFS

New LGPS – where are we now? Where are we going?
The new look Local Government Pension Scheme (LGPS) in England and Wales has now been in place for just over a year. However, the implementation of the new scheme has not been a smooth process.
Issue: April 2009 Author: Gary Delderfield

‘Responsible’ investment and ‘ethical’ investment - the costly consequences of confusion
This article considers the difference between ‘ethical’ and ‘responsible’ investment, and argues that the common confusion of the two leads some investors to wrongly assume there are performance and
Issue: April 2009 Author: Duncan Exley

Should claims follow losses?
Claims against pension professionals concerning investment decisions are likely to rise These may sometimes be brought without risk to scheme assets Professionals may have good defences even where
Issue: April 2009 Author: Julian Aylmer

Flexibility and communication between trustees and sponsoring employer - the keys to ongoing scheme success
We are now in the most challenging economic times in the Pensions Regulator’s history and we recognise that the current conditions are causing real concern for employers. Furthermore we recognise
Issue: April 2009 Author: Tony Hobman

Ask the Expert - Accounting
“Our auditors have told us that they want to discuss the trustees’ response to the unprecedented downturn and volatility in the investment markets. Why is this relevant to the audit and what will
Issue: April 2009 Author: Bob Hymas

PMI Trustee Support - Security of buy-in
Margaret Snowdon, Operations Director at Lucida looks at the added protection available for defined benefit (DB) schemes through
Issue: April 2009 Author: Margaret Snowdon

Actuarial and Investment Matters
Last October, the Pensions Regulator issued a statement to trustees to help them to understand what the regulator might expect during the current economic downturn. In February, it was the turn of
Issue: April 2009 Author: Richard Akroyd

Legal Update
Following consultation, the Pension Protection Fund (PPF) has finalised its Trustee Good Practice Guide. The guide sets out the roles of both the trustees and the PPF caseworker, and it describes
Issue: April 2009 Author: Simon Tyler

Consultancy and Administration Issues
At the end of 2008 the Department for Work and Pensions (DWP) issued the draft Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 for consultation (the
Issue: April 2009 Author: Dan Bowman