Day 1

-
Registration and breakfast

Delegates register, network and breakfast in exhibition area

-
Welcome

Welcome from Jonathan Stapleton, Editor, Professional Pensions

-
Opening keynote address

Charles Counsell, Chief Executive, The Pensions Regulator

-
KEYNOTE: Chair of Trustees panel
-
Refreshments and Networking Break in Exhibition Hub
-
KEYNOTE: DB funding code
-
DC keynote

TBC

DB Schemes

-
How the CMA’s recommendations have affected schemes

Partner insight session 

-
Lunch and networking in the exhibition area

PORTER TUN

-
Partner insight session: Getting your house in order

The Pensions Regulator (TPR) has just ordered the trustee boards of 400 schemes to urgently conduct a data review as part of its crackdown on poor scheme record-keeping. This crackdown marks the latest phase in a regulatory battle against poor data, an issue that has been systemic across the industry for many years. This session will look at the step’s schemes can take to bring their data up to standard once and for all.

-
PANEL: DB CONSOLIDATION

Consolidation can help schemes to reduce costs per member, improve governance, and lead to more effective investment strategies through economies of scale. But it is necessary to recognise there is an array of options which should be considered; the answer for each scheme depends on its own objectives, goals, and circumstances.

• Superfunds

• DB Master Trusts

• Buy out

-
Refreshments and networking

PORTER TUN

-
Partner insight session: GMP Equalisation

Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project. Yet, most schemes haven’t yet chosen a GMP equalisation method and are awaiting further guidance and legal clarifications. Things are, however, becoming clearer and the GMP Equalisation Working Group has begun to publish guidance to help schemes resolve the issue. This session will look at where we are now with GMP Equalisation and look at the admin and data steps schemes need to take to complete the project and the pitfalls.

-
CASE STUDY: Investing in an alternative portfolio

DC Schemes

-
Partner insight session - Sustainability: integrating risks of the future

As trustees consider new regulation requiring them to incorporate ESG into their investment principles, recognition of the risks posed by unsustainable business practices continues to grow. In this session, we will discuss the questions of how can future sustainability risks be taken into account and how can the social and environmental impact of companies be measured?

-
Lunch and networking in the exhibition

PORTER TUN

-
Partner insight session: How diverse is your default?

As the majority of savers are in the default, provider decisions on how to structure these strategies will have a significant impact on member outcomes. However, DC providers have taken very different investment approaches in the growth and consolidation phases. Allocation to equities, bonds and other asset classes can vary dramatically between default funds. This session will assess if there is a perfect model for the default comparing equities, fixed income and alternative investments in the growth stage.

-
CASE STUDY: What is best practice for DC Investment

This case study will showcase a scheme that leading the revolution in attitudes to investment.

-
Refreshments and networking
-
Partner insight session: Latest adventures in LDI

What are current pensioners spending their money on? Is the DC pension designed to be the main source of retirees’ income, or if it is supplemental? How can you define these goals for individual memebers? In light of the FCA’s focus on decumulation pathways, this session examine how DC savers can meet the challenge of increased longevity with confidence. This session will consider:

• Identifying and meeting the spending needs of UK pensioners

• Leveraging DB LDI lessons in DC

• How to prepare for a long-term investing horizon, through retirement and beyond

-
Partner insight session: Moving to a Master Trust

This session will cover the most burning questions around Master Trusts:

• Re-cap on authorisation and state of the market

• How easy is it to move to a Master Trust

• Assessing your Master Trust

Trustee Focus

-
Partner Insight session: Are members ill-prepared for the risks of accessing their pensions?

Wealth at Work conducted some research with the Pensions Management Institute (PMI) - revealed 81% of the trustees surveyed believed members are not properly equipped to deal with the tax implications of accessing their pension, following the introduction of Freedom and Choice in 2015. Despite the fears for scheme members, the survey found a lack of support, with just over a third (35%) of trustees surveyed providing financial education for their members. Just 21% of trustees revealed they are providing or facilitating regulated advice for their members at retirement. This session will tackle the best way to provide financial education to members.

-
Lunch and networking in the exhibition

PORTER TUN

-
Partner insight session: End game journey planning

TPR are actively asking trustees how their schemes are approaching their endgame and at the same time, they’re also scrutinising the relationship between dividends and deficit contributions paid by sponsors of DB plans. Companies paying dividends that are higher than the deficit contributions should expect more focus and challenge on this from their trustees and the Regulator. This session will assess:

• Setting objectives that are right for your scheme

• Identifying appropriate projects and milestones to meet your schemes end game.

-
Partner insight session: Member options

With the rise of DB transfers schemes are increasingly required to provide members with more support with their retirement decisions including personalised transfer value figures in retirement packs, online tools and / or IFA support available to members. This session will explore the options for members at retirement:

• Administration barriers around transfers

• Pensions Increase Exchange

-
Refreshments and networking
-
PANEL: Future of Trusteeship

The Pensions Regulator has been very clear that they expect trustee boards to improve the standards of governance. Asking a number of questions that this session will cover:

• Should there be an accredited professional Trustee on every board

• Can sole trustees effectively run pension schemes

-
PANEL: Trustee diversity

The merits of diversity have been widely examined and explained over the last few years as decision making research has highlighted the importance of cognitive diversity. However, has anything changed? The panel will discuss:

  • How to encourage all aspects of diversity
  • The recruitment process
  • Trustee board meetings

HR Focus

-
Closing the pensions gap

This session will explore the structural problems causing the pensions gap and the inherent flaws in the set up that continue to be reflected in member outcomes today.

-
Lunch and networking in the exhibition area

PORTER TUN

-
How to improve your member communication
-
Partner insight session: Assessing your AE provider
-
Refreshments and networking

PORTER TUN

-
Are your members engaged?

How do we get members to fully engage with their employee benefits and realise the full value of what they are offered? How do we keep them engaged over time? Our speaker will look at some of the latest work in this area - and leave us with a few practical tricks to improve the way we talk to members.

-
Building trust in financial services

The breakdown in trust following the crash has been followed by a period of institutions endeavouring to regain public trust, but at the same time, new entrants, unencumbered by legacy, have entered the market and built strong followings. How can financial institutions build that trust with customers and members?

-
Closing Keynote: TBC
-
Chairman's closing remarks

James Phillips, Deputy Editor, Professional Pensions


CLICK https://www.professionalpensionslive.com/2020/en/page/day-2 to view day 2