It was certainly an odd change to make in advance of the pensions review.
Examine Actuary Conduct: Pensions should review with their actuaries, their assumptions and liability calculations.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
Examine Pension Consultant Conduct: Pensions should review their relationships with investment consultants, in light of the conflicts of interest that have been identified in connection with the State of Hawaii employee pension fund and the City of Nashville fund.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
Mr Maude reminded MPs that Lord Hutton - Labour's former work and pensions secretary who led the review of public sector pensions - had praised the government's offer as "generous", adding that unions should "stop holding a gun to the taxpayers' head".
While one or two members of the boards of some of these pensions have requested our review of the investment performances of their funds, none of the full boards of these funds has been willing to accept our conclusion they were defrauded.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
Review Trading Costs: Pensions should examine trading practices and costs, including use of soft dollars by managers.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
The company said the move was in response to regulatory changes such as pensions reform and the retail distribution review (RDR).
BBC: Standard Life to shed 140 jobs in restructuring process
And former Labour defence secretary Lord Hutton - the man the government appointed to oversee a review of public sector pensions - said linking the military pension to the consumer price index, rather than the retail price index, would mean war widows and the injured would get smaller payments in future.
Review Investment Advisory Fees: Pensions should examine investment management fees paid and reduce fees to, at least, industry averages.
FORBES: Time��s Running Out For America��s Pensions (May 1, 2003 )
For fiduciaries involved in brokerage decision-making, such as money managers, pensions, endowments and foundations, regular review of the brokerages they entrust with assets is mandatory.
Lord Hutton's review rejected any suggestion that public sector pensions were "gold-plated", but said that in order to make them affordable for the future, millions of employees should work longer, receive less and have their pensions linked to career average earnings, rather than final salaries.
We believe pensions (and all funds for that matter) should review their investment advisory contracts with managers and consider re-negotiating fees downward.
FORBES: Why Pension Investment Advisory Fees Are So High (January 1, 2003 )
Shadow work and pensions secretary Liam Byrne, who is in charge of the party's policy review, said Labour needed to seize the centre ground of British politics - and regain economic credibility.
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