Delegates register and browse exhibition stands
Setting a “Long-Term Funding Target” will be an important focus for many trustee boards this year, after the clear steer from the Pensions Regulator to think beyond the Technical Provisions towards a long-term objective. We believe that for any objective to be achieved, there must be a measurable plan in place to get there. In this session, we demonstrate how good governance can support trustees in reaching their targets, whilst exploring the role that delegation and Fiduciary Management can play.
The consolidation movement comes amid a backdrop of enhanced focus on DB schemes, with a DWP white paper pushing for toughened regulatory powers, and the amalgamation of the least well-run schemes. Although not as popular as their DC counterparts, DB Mastertrusts remain a tried and tested option, which have been around for a long time, and are an option can simplify and improve governance.
This session will set out what a DB Matsertrust looks like.
Employers are increasingly turning towards DC master trusts as a way in which to reduce the burden of running schemes as well as minimising costs and out-of-market exposures.
This session looks at some of the benefits of a flexible master trust approach and assesses approaches to default investment design both to and through into retirement as well as different glide path designs and the benefits of passive or active investing.
DC schemes want to offer competitive, good value plans – with a majority wanting to do more than the minimum level required - but many are not measuring whether they are succeeding in meeting their objectives.
Latest research shows that one in three DC scheme respondents do not measure progress against objectives, 65% don’t know the projected outcome for a typical member and just 25% of employers consider pension outcomes in the context of future workforce planning.
This session looks at how DC schemes can assess their effectiveness and make sure there are robust measures in place to check their progress against objectives.
We know pension scams are now more sophisticated than ever and with the increased rate of transfers what should schemes be doing to ensure members are protected.
How does a scheme ensure the financial advice they’ve been given is sound. Should schemes be providing preferred advice firms? What about advertising transfer rates?
Operational effectiveness and good governance are vital for pension stability. This interactive session will help trustees assess how well their pension scheme runs, looking at:
• How trustees, sponsors and advisers can work effectively
• How to drive efficient decision-making
• Planning for opportunities and threats
• An orderly approach: undertaking the right tasks, at the right levels at the right time
• The value of a robust business plan
As a 21st century trustee, The Pensions Regulator expects you to you need to have the knowledge and understanding to perform your role within six months of your appointment. If you’re a professional trustee, you must have relevant knowledge and understand when you’re appointed.
This session will help you to carry out self-evaluations and board evaluations to identify gaps in knowledge and how to conduct performance reviews.
• Negotiating skills
This session will involve 4 quick fire elevator pitches from some of the up and coming pentech firms to showcase what they do. This will be followed by a joint Q&A.
Chair: Jonathan Stapleton, Editor, Professional Pensions