How many employers can honestly say they have a robust and regular governance procedure?

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.