Where is the Create New Connection button in the Connections panel in IIS 8?

Link in the accepted answer is broken.

What it seems to refer to is:

IIS Manager for Remote Administration which fixed it for me.

Install this:

http://www.microsoft.com/web/gallery/install.aspx?appsxml=&appid=RemoteManager%3bRemoteManager

Add a "Create New Connection" button to IIS manager.