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.