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December 2003

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NAPF launches employer pensions guide
The National Association of Pension Funds (NAPF) has released a new guide for employers which sets out the options available to firms making retirement provision for their employees
19/12/03
Long term care insurance suffers another blow
Following the decision of Lifetime Care, part of Axa PPP Healthcare, to pull out of the long term care insurance market, Norwich Union (NU) has also decided to cease offering the product in January 2004
16/12/03
Opra calls for comment on whistleblowing guidance
The Occupational Pensions Regulatory Authority (Opra) has invited comments from the pensions industry on proposed guidance for voluntary whistleblowers
15/12/03
PPF concerns reiterated
More than 40% of finance directors are concerned about the proposals for a Pension Protection Fund (PPF), according to a survey by Prudential
15/12/03
CIS re-structures
Co-operative Insurance Society (CIS) has taken to decision to cease its dedicated sales operation for group pensions, sold both directly to businesses and via Employee Benefit Consultants (EBCs), following a review of its existing corporate pensions operation
14/12/03
Fears rife over A-day compliance
Continued uncertainty surrounding simplification is causing concern among industry professionals who fear it will be close to impossible to implement the necessary changes in time for A-day
13/12/03
IR white paper offers mixed bag
Following the flurry of industry uproar urging the government to press on with simplification after Gordon Brown threatened to scrap the plans, comments directly related to the Inland Revenue's (IR's) white paper on simplification, should it go ahead, have been mainly positive
12/12/03

Strategy beats stock selection, says survey
Balanced pooled pension funds achieved an average return of 41.1 per cent for the ten months to the end of October 2003, according to the latest results from the HSBC Actuaries and Consultants Limited's (HACL) IMAGE survey

11/12/03
The wait continues for simplification decisions
After a year of waiting for a decision from the Revenue on pension scheme tax simplification, we have finally received an answer: you'll have to wait longer
11/12/03
Companies reject need for corporate governance regulation
Nine out of ten companies reject the need for strict EU legislation concerning corporate governance, according to new research from outsourcing and consultancy firm Hewitt Associates
10/12/03
Solid returns expected for commercial property
UK commercial property, having produced strong relative results over three, five and ten year periods, will continue to provide solid returns in 2004, according to Credit Suisse Asset Management
09/12/03
Northern trust launches web tool
Northern Trust, a global custody, asset administration and investment management service provider, has launched an automated trade execution monitoring tool; Trade Execution Analysis
09/12/03

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