Swift action is urged on new pensions Act

Article Abstract:

The Social Security Select Committee is calling for a Royal Commission to propose a pensions Bill to supercede the ineffective trust laws. Among the other recommendations made by the Committee is the empowerment of the Occupational Pensions Board to monitor pension plans and of plan holders to vote on plan fund transfers. These are safeguards against the indiscriminate transfer of funds which was highlighted by the case of Robert Maxwell's corporations. The Committee further advices that the fund ownership issue be resolved to facilitate taxation processes.

United Kingdom, Social policy, Pension funds, Defined benefit plans

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Treasury management viewed from a private background

Article Abstract:

INTEGER Finance Dir Stuart Milton rose fast in his career. He began as a cost and management accountant with Ford of Europe Inc and rose to the rank of treasurer and finance director of Black and Decker UK in less than three years. He also worked with Max Factor and Allegheny. As finance director for INTEGER, Milton advises local authority finance directors on maximizing treasury functions and services in London, UK.

Investment advice, Management, Officials and employees, Practice, Interview, Investment advisers, Chief financial officers, INTEGER, Milton, Stuart

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Risk ball smashes into council court

Article Abstract:

Municipal Mutual Insurance has ceased to issue policies covering claims of less than 100,000 pounds sterling. This new company rule was promulgated to control a growth in size and number of claims on employer and public liability insurance. The move by Municipal Mutual has caused local officials to immediately review their insurance programs.

Employer liability, Insurance industry, Government risks insurance, Insurance policies, Municipal Mutual Insurance

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