NEWS In brief

Published: 12 May, 2008

Trustees are starting to avoid complex buyout solutions in favour of simplicity.
Nigel Burton, director of pensions at AIG Life, said there would be an increasing number of vanilla buyouts throughout 2008.
“What trustees really want is a solution to lock out risk,” he said. “Often the most suitable method is a full or partial buyout, rather than more complex products.”

Mercer is holding breakfast forums for employers on contract-based DC pensions.
The sessions will cover employers’ risks and responsibilities; the regulator’s guidelines; and contract-based governance best practice.
The first event will be held on May 16 in London, with further dates in June and September in Solihull, Brentwood, Manchester, Milton Keynes, Glasgow, Bristol and Reading.
For more details, go to uk.mercer.com/governancegap.

The Pensions Regulator has launched an online service to make it easier for pension schemes to keep up-to-date records.
The service – Exchange – will enable schemes to register changes, allow access to levy invoices and registering new occupational schemes with the regulator.

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