UK Leadership of Pensions Summit 2013
 
12/09/2013
08:15 - 09:00Registration and Refreshments
09:00 - 09:05Chair’s Opening Remarks

Ian Smith
, Editor, Pensions Week

09:05 - 09:30Keynote Speech from Minister of State for Pensions

Steve Webb
, Minister of State for Pensions

09:30 - 09:55Speech: Setting the Scene: The Macroeconomic Context and Its Implications for the Pensions Industry

Accurate interpretation of future market developments and policy announcements will be a necessity for pension managers as part of their efforts to chart a smooth course to growth, whilst avoiding stormy waters. 

There are signs that a new world order is forming with Asia fast establishing itself as an economic powerbase and eurozone stresses further demonstrating the gulf in the fortunes between East and West. But what does the next 12 months have in store and how can the industry best react?

  • What are the biggest considerations for UK pension funds, in the short term, medium term and long term?
  • Should pension schemes plan for increases in inflation and interest rates?
  • The global debt crisis – how long will the US and Europe take to recover?
  • Which markets should schemes be looking to for growth?
Speaker: Joe GriceExecutive Director & Chief Economist, Office for National Statistics

09:55 - 10:55Panel Session: Is Derisking Unaffordable? Or Do Schemes Need to Swallow The Costs?

Low interest rates and low yields are driving a fundamental re-think of de-risking strategies with many traditionally-held assumptions turned on their head as managers attempt to close the funding gap. In this panel, experts will discuss: What product innovations are being driven by the current economic climate?

  • How are low yields affecting the annuity market?
  • How are providers and funds building process improvements to better exploit market timing? What are the implications for data collection and analysis?
  • How are trustees assessing de-risking strategies in the current climate? How should providers engage?
Panel:
Stephen Nichols, Chief Executive, The Pensions Trust
Myles Pink, Co-Head of Business Development, Rothesay Life
Peter Thompson, Director, BESTrustees
Emma Watkins, Partner, Lane Clark and Peacock LLP

Moderator: Ian Smith, Editor, Pensions Week

10:55 - 11:15Networking Coffee Break
11:15 - 12:15Panel Discussion: The UK’s Savings Dilemma – Auto-Enrolment to The Rescue?

Early opt-out rates reported by Pensions Week have seen dramatically fewer people rejecting workplace savings than expected, at the largest companies. Is this good news set to continue as we get to the smaller employers? The government has consulted on a range of simplifications to ensure this reform gets to the finish line, but are these a help or an unwelcome change of rules for employers and schemes?

  • Early experience of auto-enrolment: successes and challenges.
  • How to keep people in the schemes and crucially saving more?
  • For those employers enrolling later in 2013 and into 2014, what are the potential pitfalls and how should they be managed?
  • With the majority heading into defined contribution schemes, has the Pensions Regulator’s DC framework created regulatory arbitrage away from trust-based schemes and into contract-based?
Panel:
Tim Jones, Chief Executive Officer, NEST
Neil Latham, Principal, Punter Southall
Martin Thompson, Director, Premier Benefit Solutions
Lesley Williams, Group Pensions Director, Whitbread

Moderator: Lisa BotterDeputy Editor, Pensions Week

12:15 - 12:45Interview: Spotlight on Local Authority Pension Funds

How are Local Authority Pension Funds adapting to current market conditions and dealing with local government reform?

Speaker:
Jeff Houston, Head of Pensions, The Local Government Association
Nicola Mark, Head of Pension Fund, Norfolk Pension Fund

12:45 - 12:50Chair’s Concluding Remarks

Ian Smith
, Editor, Pensions Week

12:50 - 14:00Networking Lunch
14:00 - 14:25Interactive Session led by Pensions Week

Quiz contestants:

Marian ElliottDirector,Spence & Partners
Clive PughPartner, Burgess Salmon

Moderator: 
Ian Smith, Editor, Pensions Week

14:25 - 15:25Delegating Investment Decisions

14:25 - 14:40:
Introductory RemarksJeff Neate, Senior Client Director UK, MN

14:40 - 15:25: Panel Discussion:
                    
                          Steven Daniels, Chief Investment Officer, Tesco Pension Fund
                          Patrick McCoy, Partner and Head of Investment Advisory, KPMG
                          Jeff Neate,Senior Client Director UK,MN
                          Philip Read, Chair of the Trustees, British Coal Staff Superannuation Scheme

                          Moderator: Henry SmithEditor, Analysis, MandateWire 


15:25 - 15:55Speech: The Changing Landscape of DC Pension Regulation


A leading expert on pensions regulation discusses how capital markets and reforms are helping and hindering pension funds, with a particular focus on rapidly evolving regulation in DC pensions.

Speaker: 
Andrew Warwick-Thompson, Executive Director for defined contribution (DC), governance and administration, The Pensions Regulator

15:55 - 16:00Chair's Concluding Remarks

Ian Smith
, Editor, Pensions Week

16:00Networking Drinks Reception