Streams


Time to delve deeper into the biggest topics in pensions.

Choose your sessions from the below streams:



Stream 2 - DC Schemes

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Private Markets: Unlocking Unique Investment Opportunities for UK Pension Savers

Private Markets present an exceptional opportunity for UK pension savers to diversify their portfolios and achieve stable, inflation-linked returns. This asset class offers access to a range of long-term investments in sectors such as wind, solar, hydrogen, heating, and storage assets. As the DC market increasingly looks to allocate significant investments to private markets, investment vehicles like Long-Term Asset Funds (LTAFs) have emerged as an attractive option for DC members.

This session will address:

  • The benefits of investing in private markets for DC scheme
  • Are LTAFs the way forward, and why?
  • What are the challenges that come with investing in private markets, and how can we overcome these?
  • Will investing in private markets boost DC investment over time?
Speaker
Head of UK Institutional Defined Contribution
Schroders
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The Elephant in The Room: All Things Superfund

On November 6, 2023, Clara Pensions sealed a deal with the £590m Sears scheme, marking the UK's inaugural superfund transaction. The initial pension scheme members have already joined Clara Pensions, fuelling a surge in interest in the superfunds concept. Given the widespread interest and the idea still only a few years old, now is an opportune moment to delve into the discussion on superfunds.

This session will address:

  • What are the key elements and advantages of superfunds?
  • Will there be more superfund transactions in future?
  • With only appeal to a small subset of schemes, how many could go down

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In It for The Long Haul: The Implementation of “Pot for Life”

In the 2023 Autumn Statement, the chancellor introduced the concept of a lifetime pension, referred to as a 'pot for life' or 'provider for life.' This proposal allows employees to select a single pension for joint contributions. This aims to improve saver outcomes and reduce the prevalence of multiple pension pots. Despite the promising prospects, there's still a lengthy journey ahead.

This session will address:

  • What are the pros and cons for a pot for life?
  • How quickly can we get the pot for life concept working?
  • When can we expect implementation of this?
  • What are examples of different countries using this?
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Lunch


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Bang for Your Buck: Implementing the Value for Money Framework

Following the joint consultation response on Value for Money (VfM) by the DWP, FCA, and TPR in July, there's been little information on the next steps. While no specific timelines for policy and implementation have been provided, the consultation indicates the likely direction. The VfM framework is expected to be a gradual process, focusing on shifting from cost to value. It aims to replace the annual defined contribution chair's statement, introduce a consistent standard for scheme comparison, enhance competition, implement industry league tables with red, amber, and green VfM ratings, and cover three key elements: investment performance, costs & charges, and quality of services.

This session will address:

  • What difference will the VfM framework make?
  • What will implementation look like for schemes?
  • How can schemes ensure a smooth implementation?
  • How can we ensure this isn't just another tick box exercise?


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No Rest for The Illiquid: Why Include Illiquid Assets in DC Schemes?

While DB schemes diversify across illiquid markets, DC schemes remain highly concentrated. As DC schemes gain prominence in contributing to the wealth of UK citizens, there's a need to enhance sophistication and diversification in asset allocation. The question arises: What is preventing schemes from progressing in this direction?

This session will address:

  • Why include illiquid assets in your portfolio?
  • How can we get DC assets to invest in illiquid funds?
  • What are the challenges with private markets and illiquids today, and how do we face them?
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Master Trust Masterclass: Why Are We Consolidating and What Are the Benefits?

Over the last decade, the pensions landscape, including master trusts, has transformed due to regulatory shifts and evolving consumer needs. The appeal of master trusts surged with the advent of auto-enrolment, attracting major companies for employee pension solutions. Anticipating additional changes in auto-enrolment, a growing emphasis on financial wellness, evolving guidance and advice distinctions, and emerging retirement solutions, the master trust landscape is poised for continued development in future.

This session will address: 

  • Why are we consolidating and what are the benefits?
  • What happens under consolidation?
  • Where are we with progress in comparison to last year?
  • What does the future hold for Master Trusts?