December 2008 News

Pensions write-off means I’m now hit three times over
December 2008
Published in the Financial Times: December 22 2008 From Mr Clive Grimley. Sir, I am struggling with the concept that the chancellor has “written off” £100m of taxpayers’ money ( “Darling to write off ...

Time for more realism for pension fund trustees - Financial Times Letter
December 2008
Please click on the link below to view a letter written by partner Paul Jayson to the Financial Times.

DWP to re-evaluate PPF efficiency
December 2008
Further work on how collective defined contribution schemes might operate is to take place, the department for work and pensions announced in its response to its risk-sharing consultation. Lord McKenz...

Pensions Week Investment Roundtable Dec 2008
December 2008
Since the start of the credit crunch, how have pension funds changed in their views on fixed income? Marcus Whitehead joined Pensions Week's roundtable to discuss and the article can be found below.

2008: More misery for pension schemes
December 2008
Richard Eagling, Investment Life & Pensions, talks to Mark Frost about what 2008 has meant for pension schemes.

QPA work based units – making the case
December 2008
Executive summary A wide-ranging problem is that many Qualification in Pension Administration (QPA) candidates seem to race through the exam-based units and then either fail to complete the work-based...

Pensions accounting should not aim to keep schemes open
December 2008
UK – The Chartered Institute of Management Accountants (CIMA) has warned pension accounting standards should not be "artificially engineered" to help keep defined benefit schemes open. CIMA revealed i...

Current bond yields throw doubt on validity of FRS17
December 2008
CURRENT double-A corporate bond yields throw doubt on the validity of current accounting standards, Barnett Waddingham says. T he consultant said scheme funding levels on an FRS 17 basis were improvin...

Adrian Waddingham on "triple whammy" for pensions in The Sunday Times
December 2008
On 7 December 2008 Adrian Waddingham commented on how the unprecedented fall in (interest) rates is part of a triple whammy for pension savings - the 'perfect storm' of falling stock-market values, in...

Letter to the Global Pensions Editor
December 2008
Paul Hamilton, partner in our Glasgow office, comments that raising the levy is not the answer for the PPF

Local Government Transfer Value Statistics 2003 - 2008
December 2008
The calculation of the terms of transfer for individual members should be in accordance with the tables and instructions supplied by the Department of Communities and Local Government . The Adjustment...