December
2004
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Morris
review heavy on criticism
The pensions industry has voiced mixed opinions on last
month’s Morris Review Interim Assessment Paper, which
heavily criticises the UK actuarial profession |
20/12/04 |
IAS
more in line with UK’s FRS17
The International Accounting Standards Board has issued
some welcome changes to the new international accounting standard
IAS19, bringing it more in line with the UK’s standard
FRS17 |
16/12/04 |
NAPF
report says Citizens Pension can work
In order to untangle the current knot of State pension provision,
the NAPF has produced a report which claims a simple Citizens
Pension (CP), worth £105 a week, could be introduced by
2010 |
06/12/04 |
Basic
State pension still linked to RPI
In his pre-Budget speech, Gordon Brown announced that the
basic State pension will continue to increase in line with RPI
while the means tested Pension Credit will increase in line
with earnings |
02/12/04 |
ABI
makes case for reforming contracting-out
The controversial debate relating to contracting-out has
been re-ignited with the launch of a new Occasional Paper from
the ABI |
02/12/04 |
Modestly
positive returns in Q3
UK pension fund returns were modestly positive in the third
quarter, according to recent figures released from performance
measurement firm, The WM company |
01/12/04 |
PPF
has liability problems
Chairman of the Pension Protection Fund, Lawrence Churchill,
has admitted at a meeting of the NAPF that the levy on employers
is unlikely to be high enough to cover the PPF’s liabilities
over the long-term |
01/12/04 |
Marlborough
Stirling up “for sale”
Marlborough Stirling has announced it will be going up “for
sale”, following a longer than expected recovery period
and disappointing revenues |
01/12/04 |
