Programme

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Browse the exhibition hall and catch up with your peers

Registration opens for delegates register or log in. Take the time to network and browse the exhibition area

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Welcome

Jonathon Stapleton, Editor, Professional Pensions

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Opening keynote address

Charles Counsell OBE, Chief Executive, The Pensions Regulator

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Keynote: Guy Opperman MP

Guy Opperman MP, Minister for Pensions and Financial Inclusion, Department for Work and Pensions

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Refreshment and networking break
Please use this time to browse our exhibition area, grab a coffee and a bite to eat.
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Keynote panel: Longevity- how will post Covid-19 affect this?

Nicola Oliver, Director of Life and Health, Medical Intelligence
Josephine Robertson, Associate Director of Actuarial, Optum
Chair: Jonathon Stapleton, Editor, Professional Pensions

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Keynote: Pensions dashboard
What do schemes need to do to be dashboard ready?

Chris Curry, Principal of the Pensions Dashboards Programme, Money and Pensions Service

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Time to pick a stream!

Please now select one of our four streams available

Stream 1 - DB Schemes

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Partner insight session: An update on Fiduciary Management

Fiduciary Management providers often state one of the big benefits is the ability to act quickly to volatile markets. After one of the most volatile years since the financial crash how did the different FM providers fare during 2020?

  • Have their hedging strategies helped to protect their clients?
  • Has the re-tendering of fiduciary manager mandates changed the market?
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Lunch and networking

Please use this time to browse our exhibition area and enjoy a tasty lunch

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Partner insight session: GMP Equalisation: Let’s do it!

On 26 October 2018, the High Court judgment on the Lloyds case confirmed the need to improve benefits to make allowance for the inequality between males and females in guaranteed minimum pensions (GMPs) - known as GMP equalisation. For most trustees, data is the biggest obstacle to getting GMP equalisation done. Reviewing data that is not needed is ultimately a waste of time and cost. This session will consider the practical implications of GMP equalisation. What now? Which data and what is needed to get to the end point.

Chair: Amanda Banister, Senior Professional Trustee, Dalriada

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5 minutes to move between streams
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Partner insight session: Liquidity in a crisis

As investors such as DB pension schemes are entering the next phase of their journey, moving a stage closer to end game, a requirement to take further risk off the table has led to the pursuit of assets which provide more certain income streams. The search for higher returns and better diversification has led many institutional investors to allocate more capital to illiquid private assets, which has come at the cost of decreasing portfolio liquidity.

  • What should be the desired allocations to liquid and illiquid assets given different liquidity risk tolerance?
  • How would various market scenarios impact the portfolio's liquidity and performance?

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Afternoon break
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CASE STUDY: TBC


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5 minutes to move between streams
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Partner insight session: Hedging in unprecedented markets

The word "unprecedented" has never before been used so often in the financial context. Hedging activity has seen a huge increase with many pension schemes significantly heightened their interest rate and inflation risk hedging in the second quarter of 2020. This session will look at where hedging strategies paid off in 2020 and how to combine different hedging and financing strategies, allowing for flexibility and the ability to adapt to the market and volatile environments.

Stream 2 - DC Schemes

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Partner insight session: DC Charge cap innovation

Plans to encourage DC schemes to invest in high-growth companies more easily under the auto-enrolment charge cap of 0.75% are the focus of the second consultation the DWP has opened. This session will consider if charge cap compliance is a barrier to investment in a broader range of alternatives, and how schemes can offer good choice to members.

Chair: Alyshia Harrington-Clark, Head of DC, Master Trusts and Lifetime Savings, PLSA

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Lunch and networking

Please use this time to browse our exhibition area and enjoy a tasty lunch

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Partner insight session: Moving to a DC Master Trust
Regulatory pressures on smaller DC schemes are expected to accelerate the consolidation trend. Many schemes will have to either wind up the scheme or identify the improvements they plan to make to the scheme to keep it open. This session will go through what types of schemes are least/best suited to a Master Trust, how to pick a provider and the wind-up process.

Chair: Jenny Davidson, Trustee Executive, BESTrustees

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5 minutes to move between streams
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Partner insight session: ESG in DC – Answering your questions
  • What does clear visibility on the ESG credentials of the fund look like?
  • How far away is a developing common standards/frameworks for measuring ESG performance?
  • How a default fund should look like going forward that has incorporated ESG
  • What are the asset classes available apart from equities?
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Afternoon break
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PANEL: Collective DC – Has this model got legs?

Provisions for the establishment of Collective Defined Contribution (CDC) schemes are outlined in the Pension Schemes Act 2021 with the Treasury having published its draft tax legislation for their enablement last July - expected to be effective from 6 April. However, there are still many question marks over the payments of benefits, cost of consultancy fees and it being an untried and untested concept. This panel will discuss predicted returns for members on a CDC scheme compared with a tradition DC and the practicalities of setting up a CDC.

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5 minutes to move between streams
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Partner insight session: Focus on value

You can’t have a conversation about DC pensions without discussing value for money, but have we ever really agreed on a definition. The recent FCA proposals in its value for money consultation raised many questions from the industry, challenging how realistic it is to compare value for money. This session will consider bench marking, comparing fees on tailored default funds and ultimately is good value just delivering good member outcomes whatever the cost?

Stream 3 - Governance

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Partner Insight session: Reviewing the support at retirement to members

Retirement is complex and even before the pandemic the thought of retiring at 65 was fast receding. With the FCA cracking down on DB transfers it has become harder to access good quality IFA’s, coupled with more sophisticated scams, is it time for Trustees to consider providing more support and what would this look like? This session will consider bridging the advice gap and how to improve member communications at retirement.

Chair: Becky Wood, Trustee Director, 20-20 Trustees

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Lunch and networking

Please use this time to browse our exhibition area and enjoy a tasty lunch

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Partner insight session: Journey planning – where next?

The pensions industry has fared surprisingly well over the last year, but is the real impact still to come? The unprecedented scope and scale of furloughs, quantitative easing and major corporate bailouts schemes may be hiding the reality that some journey plans are not as robust as may have been anticipated.

  • Is your employer sustainable?
  • Do we expect to see the journey plans of schemes changing
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5 minutes to move between streams
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PANEL: The future of Trustee governance

The requirements for a pension’s trustee are rapidly changing year on year. This panel will look at:

  • Recruitment process for Trustees
  • Increasing diversity
  • Compliance of professional standard – accreditation
  • Skills for lay trustees

Mandy Kaur-Sadler, Trustee Director, 20-20 Trustees
Ann Rigby, Trustee Executive, BESTrustees
Alison Stewart, Senior Professional Trustee, Dalriada
Chair: Shola Salako, Accredited Professional Trustee, Dalriada

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Afternoon break
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TBC
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5 minutes to move between streams
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PANEL: Virtual Trustee meetings

The last 18 months has created a huge shift in the way Trustees have had to approach Trustee meetings. While many Trustees have experienced an improved frequency of meetings due to a lack of travel and time needed to commit, there are also some challenges. This panel will discuss the future of how Trustee meetings might look, how to ensure good governance and the new range of skills needed to progress successfully.

Vincent Franklin, Co-founder and Creative Director, Quietroom
Bob Hymas, Trustee Executive, BESTrustees
Greig McGuinness, Professional Trustee, Dalriada
Sue Quayle, Trustee Director, 20-20 Trustees
Chair: Adrian Campbell, Professional Trustee, Dalriada

Stream 4 - Risk

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Partner insight session: ESG - A risk management issue

In November 2020, Chancellor Rishi Sunak confirmed the UK would move ahead with the country's first sovereign green bond in 2021. The last year has also seen many net zero pledges and 2025 targets from the pensions market. However, should ESG be considered in a holistic view of your assets instead of a siloed consideration? This session will focus on roles and responsibilities of the trustee board for climate-related issues, how Trustees should consider their process for the selection, review and monitoring of the scheme's asset managers.

Chair: David Fogarty, Director, Dalriada

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Lunch and networking

Please use this time to browse our exhibition area and enjoy a tasty lunch

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PANEL: DB Consolidation - Analysing the options

In the last year since the start of the coronavirus pandemic in the UK, superfunds have been given the provisional regulatory greenlight by The Pensions Regulator, heralding the start of potential mass-consolidation across the DB landscape. Consolidation into larger entities aims to improve governance, reduce costs and improve the chances that pensions will be paid. This panel will discuss where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements.

Des Healy, Defined Benefit Consolidation Lead, DWP
Tiffany Tsang, Head of DB, LGPS and Investment, PLSA
Charles Ward, Professional Trustee, Dalriada

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5 minutes to move between streams
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Partner insight session: What has Covid-19 done to the buyout market?

If you're not ready or able to buy out just yet then you're certainly not alone - only 8% of pension liabilities in the UK have currently been secured with a bulk annuity. Market volatility seen in 2020, led to attractive insurer pricing as credit spreads widened, could this be repeated in 2021 amid continuing pressures from the pandemic and Brexit. This session will analyse the buyout market and how to prepare.

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Afternoon break
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Partner insight session: The evolution of pension administration

Covid-19 has acted as a catalyst for many business to quickly adapt to remote working, causing lots of processes to become automated or innovated. This session will look at how pensions administration is planning to provide a high quality service going forward. An update on the development of online portals, what that means for the number of administration people needed. It will also look at the question of data; what are the key questions Trustees should be asking to get the answers they need.

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5 minutes to move between streams
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Partner insight session: Cybercrime - War games

A feature of the coronavirus pandemic has been a dramatic growth in both the scale and sophistication of cybercrime. An increase in digital dependence presents new opportunities to cyber criminals. This session will run through a war games scenario, considering what steps Trustees should take if a cyber-attack happens:

  • Issues of confidentiality
  • Who is responsible
  • Who is liable
  • Reputational risk
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Closing keynote: Guest speaker TBA
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Chairman’s closing remarks and close of conference

James Phillips, Deputy Editor, Professional Pensions