Speaker Profile: Ben Gold
Ben Gold is the Head of Investment Consulting, North at Xafinity plc. Ben has 20 years’ overall experience of advising pension schemes and previously set up and led the Midlands Investment Advisory practice at KPMG. He advises the corporate sponsors and trustees of both large and small pension schemes and has experience of advising on all aspects of investment strategy. This includes risk budgeting, portfolio structure, de-risking, liability hedging techniques and strategy implementation
Topic Synopsis: The future of pension scheme investing and the impact on the “gilts plus” valuation approach
Cash flow matching is how insurers have been investing to meet their cash outflows in a highly risk controlled way for a very long time. It is an investment approach that will become mainstream for pension schemes in the coming years. This is because it is relevant for all schemes with an increasing demand for cash and an appetite to de-risk. In addition, the right approach to scheme funding is a very important consideration if a cash flow matching strategy is adopted. The typical “gilts plus” approach is no longer optimal. Ben Gold, Head of Pension Investment – North at Xafinity will explain what cash flow matching is and why it’s relevant. He’ll then use this as an example of why schemes and their advisors should spend more time and thought on the right approach to scheme funding. This is vital to ensure schemes have a clear plan to manage risk, and that it is integrated and appropriate.