Meeting the governance challenge
Investment governance structures that may have been (or were at least considered to be) ‘fit for purpose’ in the past may struggle to cope with the demands placed on them today. We believe that
Issue: March 2008 Author: Michael Cross

What are the professional qualities required of a trustee secretary?
Given that the demands on trustees are greater than ever, it is timely to state what is required of their linchpin, the trustee secretary The secretarial role is a highly skilled professional one,
Issue: March 2008 Author: Ken MacIntyre

The regulator’s trustee toolkit – does it deliver?
The trustee toolkit was designed to deliver the learning required for lay trustees to meet their knowledge and understanding requirements Recent research for the Pensions Regulator assessed the
Issue: March 2008 Author: Janet Branagh

Can defined benefit scheme design still be integrated with State benefits?
Those tasked with examining defined benefit (DB) scheme design may need to consider the integration issue once more – namely the extent to which the target pension should allow for likely state
Issue: March 2008 Author: David Everett

Liability Driven Investment – pension risk management in the 21st Century
The evolution of Liability Driven Investment (LDI) Strategies has been rapid and complex. Trustees and corporate sponsors are now using LDI strategies to increase the risk adjusted return of a
Issue: March 2008 Author: Robert Gardner

Voluntary employer engagement – guidance published
The regulator is encouraging voluntary engagement by employers with group personal pensions (GPPs) by publishing new guidance, explains Alistair Elliott, a technical specialist in the regulator’s
Issue: March 2008 Author: Alistair Elliott

Actuarial and Investment Matters
Choice is generally considered to be ‘a good thing’. But is it? And how much choice? There are two interesting and contrasting trends developing in the defined contribution (DC) market as regards
Issue: March 2008 Author: Gary Smith

Legal Update
Legislation The Guaranteed Minimum Pensions Increase Order 2008 – GMPs must be increased by 3% from 6 April 2008. Tax simplification The Employer-Financed Retirement Benefits (Excluded Benefits
Issue: March 2008 Author: Nicola Bumpus

Consultancy and administration issues
A recent article in PMI News highlighted the difficulties which schemes have generally faced, post A-day, in commuting small benefits on the grounds of triviality. For defined benefit (DB) schemes,
Issue: March 2008 Author: Robert Fairhall