08:30 – 08:55: Registration and refreshments
08:55 – 09:00: Chairman’s welcome
Andy Cheseldine, Professional Trustee, Capital Cranfield
TPT will look at some of the misconceptions around DB Master Trusts and the advantages of using a Master Trust to reach your long-term funding target, before moving into a DB Master Trust’s ESG approach, explaining the procedures and principles behind a good ESG programme.
09:30 – 10:00: Why investors in emerging market sovereign bonds need to pay attention to environmental, social and governance factors
Mary-Therese Barton, Head of Emerging Market Debt, Pictet Asset Management
Mary-Therese Barton, Head of Emerging Market Debt at Pictet Asset Management, will consider how ESG considerations are especially relevant for emerging markets and how integrating ESG can help to avoid risk and identify investment opportunities. This session will also consider why proprietary ESG research is essential and must include an on-the-ground perspective.
10:00 – 10:30: How do you define responsible investment?
Nico Aspinall, Chief Investment Officer, B&CE
Responsible investment is a phrase that has been thrust into the limelight in the last 12 months as more pension savers rightly become interested in how their money is invested. But what does responsible investment actually mean? At The People’s Pension, we have the dual responsibility of keeping savers’ money safe whilst generating positive returns – which of course must be further balanced against their own attitude to risk. Nico Aspinall, B&CE’s Chief Investment Officer, will be sharing an update on this topic.
10:30 – 11:00: DB – The future of illiquid asset classes in the UK pensions market
Private Markets are growing in popularity across the DB pension investment sphere. In this session David Lomas, Global Head of BlackRock Alternatives Specialists, and Armit Bhambra, Head of UK Corporate Pensions, will cover the adoption of Private Markets past and present. They will also discuss ESG, product evolution and what they expect to see in the UK DB & DC markets in the future.
11:00 – 11:30: Coffee break
11:30 – 12:00: Role of Investment Grade Private Credit in a Pension Portfolio
Annette Bannister, Director, Head of European Infrastructure, MetLife Investment Management
Ewan Macaulay, Senior Portfolio Manager, MetLife Investment Management
Investments by pension plans in private credit have risen significantly in recent years. While this trend reflects a growing awareness by pension plans of the advantages of including private credit in their portfolios, many pension plans have been focused on the riskier segments of private debt, and they are missing out on the opportunity to invest in investment grade issuances within the private market. If the compelling rationale for investing in investment grade private credit was better understood, it is likely that more plans would incorporate these assets into their holdings and use them as a complement to their public fixed income holdings. This presentation will review the rationale and role of investment grade private credit in a pension portfolio.
12:00 – 12:30: Sustainable Transitions and the path to Net Zero
James Clarke, Senior Fund Manager, Royal London Asset Management (RLAM)
Many clients want their investments to make a difference to the world as well as deliver attractive financial returns. While some investors will only consider companies with low or zero emissions, the risk is this only makes your portfolio ‘green’ and does not contribute to truly positive change. The modern day economy is reliant on fossil fuels and that will not stop overnight. Unless we engage with and support those companies that have a credible plan to decarbonise, we will not be able to avert a climate catastrophe. For investors, that means embracing companies in transition. In this session, James Clarke, Senior Fund Manager at RLAM, will detail why we should be willing to consider all investment cases that yield a reduction in climate change – and how this could deliver attractive investment returns.
12:30 – 13:00: Stop communicating, start empowering
Marliane Owen, Managing Partner, MakingGiants
The industry still treats scheme members as the perfect rational human who are not subject to the normal whims and wants of ‘ordinary’ consumers. But it's the emotional connection that empowers us to make decisions. It drives us from inertia to action where facts fail. So how do we help members achieve their own ambitions? What are the behavioural drivers to consider? How can we use digital platforms to best support our members? Firstly, let’s stop talking about ‘communicating’ or ‘engaging’ and start talking about ‘understanding’ and ‘empowering’.
13:00 – 14:00: Lunch break
14:00 – 14:30: Update from TPR
Mark Potter, Policy Lead, The Pensions Regulator (TPR)
Mark Potter will offer an update on the key areas of focus for The Pensions Regulator in the current climate.
14:30 – 15:00: Pension scams: a change for the better?
Margaret Snowdon, OBE, Chair of the Pension Scams Industry Group (PSIG)
Margaret will explore how new regulations will affect our approach to protecting scheme members from scams and how you can do your bit. She will set out practical steps and talk about what PSIG is doing to help the industry.
15:00 – 15:30: Keynote Speaker: View from the PPF
Lisa McCrory, Chief Finance Officer and Chief Actuary, PPF
Lisa McCrory, Chief Finance Officer and Chief Actuary at the Pension Protection Fund (PPF), will offer an update from the PPF on the current state of the universe they protect, and a window into some of the issues on the PPF’s horizon.
15:30 – 15:50: Closing keynote speaker
Guy Opperman MP, Minister for Pensions and Financial Inclusion
Guy Opperman MP, Minister for Pensions and Financial Inclusion will present his thoughts on some of the key issues facing the UK pensions space today.
15:50: Chair's round-up and close of conference
Andy Cheseldine, Professional Trustee, Capital Cranfield