Pensions Risk and Strategy

"Pensions Risk and Strategy" is published at a time when occupational pensions are undergoing radical reform. There are entirely new questions facing employers, trustees and administrators. This book addresses the current major issues, including the ending of final salary (defined benefit) schemes in favour of defined contribution schemes; the balance between debt and equity investment strategies; the impact of new accounting and disclosure rules under FRS17 and developments following the Myners Report. Significantly, this is the first book available to bring together: risk factors for employers sponsoring defined benefit (DB) plans; HR and legal risks associated with defined contribution (DC) plans; Bar chart illustrations of DC pensions from budgeted contributions; UK pension costs on acquisitions and disposals; Funding requirements of the EU Directive, effective September 2005; Key areas of the UK Pensions Act 2004; Pensions Commission's report of October 2004; New obligations of Trustees from April 2005; Tax changes applicable from April 2006. Finance directors and other senior management, in-house counsel and trustees, pension lawyers, consultants and risk managers will all benefit from reading this valuable book.