Decisions December 2008

DECISIONS SUPPLEMENT 2008

Pensions and Employee Benefits

Click below for individual articles, or download a full PDF of Financial Director's Decisions Supplement 2008 - Pensions and Employee Benefits

Pensions Bill: Not an option: How changes to the Pensions Bill will affect private schemes
Personal accounts will be a step forward, but compelling companies to contribute may have unintended consequences

Actuaries: Love actuary? It's tough times ahead for the actuary profession
The actuarial profession is likely to fall out of favour as pension schemes launch more and more litigation against their advisers

Best practice: You have been warned – now is the time to examine DC schemes
Transferring from DB to DC schemes may help shed the financial risk of final salary, but it will not absolve companies from their responsibility to tell employees what they are getting into

Volatility: Safe haven: Lehmans downfall changes the face of liability-driven investment
The collapse of Lehmans brings a new danger to pension funds: the risk that counterparties in swap deals could go under overnight. Is there a safe way to do liability-driven investment?

Longevity: Work to live: Increasing longevity and the strain on investment schemes
The fact that we are all living longer is a good thing. But increasing longevity is putting a strain on investment strategy, forcing trustees to look at their schemes' mortality risks in more detail

Transfer values: Everyone's a winner: the best way to transfer out of final salary schemes
Offering transfer packages to high-earning employees in order to reduce final salary pensions liabilities is dangerous. But get it right and it's a win-win situation for all involved

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