Financial Services Industry
Industry: Email Alert RSS FeedNews: Risk-sharing must involve trustees in decision making.
Pensions Week, November, 2007
Byline: Hannah Williams
Benefit adjustment decisions needed for implementing risk-sharing schemes should be made by trustees, not employers, consultants have warned.
The Association of Consulting Actuaries (ACA) recently proposed a blueprint for conditionally-indexed schemes, where annual pension earnings are related to employees' yearly salaries.
Advisory firm, Hamish Wilson & Co, agreed with the ACA's proposals, but added it was vital trustees made decisions around past service benefit adjustments, levels of indexation and accrual rate changes aided by a professional adviser, and not the sponsoring employer.
Gary Tansley, consultant at Hamish Wilson, said: "There has to be an alternative [pension arrangement] that addresses...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
