Compliance alone will not be enough to improve governance; behaviours will determine the success or failure of the approach.

Gearing is at historically low levels for the corporate sector, unlike the consumer or government sectors.

The Financial Services Authority (FSA) is changing the way advisers can be paid when selling retail investment products. The recently published FSA Policy Statement 10/10 – Corporate pensions – feedback to CP09/31 and final rules – sets out how this will work for corporate pensions.

It’s now nearly three years since the Pension Regulator published its guidance on what it termed ‘Inducement Offers’ otherwise known as ‘Enhanced Transfer Value (ETV) exercises’.

• There are significant and complex issues around the provision of defined benefit public sector pensions

2008 was a disaster for the majority of investors. The global downturn coupled with the mass deleveraging that resulted from the banking crisis meant that there were very few hiding places in 2008.