Programme



14:25 - 14:55	Coffee and registration
14:55 - 15:00	Welcome address: Ian Pittaway, chairman, Association of Professional Pension Trustees
15:00 - 15:30	Keynote panel: Raising the standards of scheme governance Maintaining a high standard of scheme governance is vital, and a key concern of professional trustees. In our keynote panel, we discuss: • How trustee boards can improve the skill base of trustees • What means are available to judge the standard of independent trustees • Whether there is danger in “overprofessionalising” member nominated trustees Andrew Warwick-Thompson, executive director for regulatory policy, The Pensions Regulator Claire Altman, client director, Capital Cranfield Giles Bywater, senior associate, UK Pensions Group, Mayer Brown International LLP Chaired by Ian Pittaway, chairman, Association of Professional Pension Trustees
15:30 - 15:50	Brexit – impact on bulk annuities This session looks at the impact of Brexit on the financial markets, how this has affected scheme funding and how the bulk annuity market has reacted. Jay Shah, head of origination, Pension Insurance Corporation Sponsored by the Pension Insurance Corporation Chaired by Jenna Gadhavi, special projects editor, Engaged Investor
15:50 - 16:10	Brexit & DC – a Q&A The press coverage about Brexit and pensions has often focused on DB deficits but the issues raised for DC could be even more important. This Q&A session will discuss the impact on members at different stages of their careers, what trustees need to consider and practical next steps for DC in the current uncertain market conditions. Lynda Whitney, partner, Aon Hewitt Sponsored by Aon Hewitt Chaired by Jenna Gadhavi, special projects editor, Engaged Investor
16:10 - 16:30	What is the long-term future of DB? The events surrounding BHS and Tata Steel’s pension schemes have highlighted just how challenging times are for DB schemes. In this session, an industry expert outlines the main challenges DB schemes face and how these impact on members, what solutions there are to meet these challenges, and how the needs of scheme members, employers, and employees can be balanced effectively. Ashok Gupta, chair, DB Taskforce, Pensions & Lifetime Savings Association Chaired by Jenna Gadhavi, special projects editor, Engaged Investor
16:30 - 16:50	Break
16:50 - 17:10	Removing longevity risk – when and how? As DB pension schemes mature, a growing number are putting in place journey plans to reduce the risk in their pension scheme, starting with investment and market risks, and when appropriate, longevity risk. In this session, Myles will examine when to focus on removing longevity risk and how to incorporate this into the journey plan. Myles Pink, partner, Lane Clark & Peacock Sponsored by Lane Clark & Peacock Chaired by Jack Jones, editor, Engaged Investor
17:10 - 17:40	Panel discussion: Achieving cost transparency in pensions The inability of trustees to identify hidden costs can have a huge impact on the performance of pension funds. Recent studies have suggested that up to 100 types of costs and charges are being applied to pensions and investments, with total charges perhaps eating up a third of a pension pot’s value. Our panellists discuss the issues surrounding cost transparency, including: • What can trustees do to establish how much hidden charges account for • How can we move towards a more transparent fee structure • Which organisations should take the lead in promoting and enforcing transparency Victoria Bell, director of trustee accounting, RPMI David Pitt-Watson, executive fellow of finance, London Business School David Weeks, co-chair, Association of Member Nominated Trustees Chaired by Jack Jones, editor, Engaged Investor
17:40 - 18:10	Keynote: The political future of the pension landscape As the minister of state for pensions in the coalition government between 2010 and 2015, Steve Webb was at the cutting edge of pension’s policy, including introduction of automatic enrolment. In this closing keynote, he outlines the legacy of what he introduced and what the future holds for pension policy in these uncertain times, how he expects relationships between the Treasury and Department for Work & Pensions to determine policy, and what the key priorities of the government are likely to be. Steve Webb, director of policy and external communications, Royal London Chaired by Jack Jones, editor, Engaged Investor
18:10 - 19:30	Summary and networking drinks sponsored by Rothesay Life
19:30	Close

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About Engaged Investor

Engaged Investor is a practical, educational brand designed to help pension fund trustees, scheme managers, corporate officers, financial and HR directors and investment professionals take informed decisions about pension scheme investment. Combining news, comment and opinion with facts, figures and research, Engaged Investor informs readers on evolving best practice and trends. Empowering investors to hold their advisors and service providers to account on performance.

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