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08:55 - 09:25: Access to conference open
09:25 – 09:30: Chair’s welcome
Laura Blows, Editor, Pensions Age
09:30 – 10:00: Opening Keynote speakers: The state of the DB pensions universe
Stephen Wilcox, Chief Risk Officer, Pension Protection Fund (PPF)
Lisa McCrory,C hief Finance Officer, Pension Protection Fund (PPF)
The PPF’s Purple Book provides the most comprehensive data on the UK universe of Defined Benefit (DB) pension schemes in the private sector. Analysing how this landscape has changed over time shows that while the risk profile of DB schemes has reduced, underfunding has persisted. The session will explore these trends.
10:00 – 10:30: The Changing Face of Fiduciary Management and Governance
Kris Shergold, Regional Director, SEI
The fiduciary management industry has changed significantly over the past ten years. But there have been more recent changes in the industry which have impacted the landscape as well. Kris Shergold, Regional Director at SEI, discusses how all of these changes together will influence the future of the industry.
10:30 - 10:40: Comfort break
10:40 – 11:10: Climate, ESG, Covenant: Reporting 2.0 for pension schemes
Simon Robinson, Head of Product Management, RiskFirst
RiskFirst (a Moody’s Analytics company) has been supporting pension schemes, actuarial and investment consultants, and asset managers for over 10-years, and will address the issue of how modern technologies can be used to shape the future of reporting for pension schemes, and address the needs of those seeking greater insight of their ESG, covenant, and climate change exposures.
Emma Frost - Partner at CMS chairs a session on DB consolidation and invites TPT, the leading DB Master Trust consolidator, to share their experience and views on the DB consolidation market. The session explores the options available to sponsors and trustees when considering a DB consolidation vehicle.
11:40 – 12:10: Secure digital member verification
Lisa Lyon, Managing Director, Target Professional Services
Demonstrating Target’s experience of member identification and verification, we share the developments we have made to ensure this process is robust and digital. We also highlight the further enhancements we are making to ensure scheme data can be up-to-date in the most cost-effective way and ensure your scheme is Dashboard ready.
12:10 – 12:30: Lunch break
12:30 – 13:00: Measuring/ensuring Value for (Members’) Money
Andy Cheseldine, Professional Trustee, Capital Cranfield
Value for (Member's) Money is the crucial criterion for trustees and IGC members. It encompasses everything - not just the basic charging level in a DC scheme. In this session, Andy will look at what trustees need to consider; what should be measured, and with what relative weightings (not all features are of equal importance), against which criteria; how your own services rate against those benchmarks; and how to articulate the results to members, regulators, employers, service providers and, where relevant, advisers/intermediaries.
13:00 – 13:30: Keynote speaker: Recent trends in retirement expectations - and what now?
Rowena Crawford, Associate Director, Institute for Fiscal Studies
The last decade has been one of substantial reform to the UK retirement savings environment. Rowena Crawford will discuss how retirement expectations, attitudes towards saving and expectations about retirement incomes have changed over this period and consider what effect the current pandemic might have going forwards.
13:30 - 14:00: Climate risk disclosure requirements
Stuart O’Brien, Chair, Pensions Climate Risk Industry Group, PCRIG
Changes in the Pension Schemes Bill are likely to bring mandatory disclosures on climate-related risks in the next few years. These follow on from recent changes to the SIP and new requirements from October 2020 on trustees to disclose aspects of their investment decision-making on an annual basis in the newly required “Implementation Statements”. Stuart O’Brien, Partner at Sackers and Chair of the Pensions Climate Risk Industry Group (PCRIG), will consider how trustees should approach the issues and the new world of investment disclosure.
14:00 – 14:30: Keynote speaker: Update from The Pensions Regulator (TPR)
Fiona Frobisher, Head of Policy, The Pensions Regulator
Fiona Frobisher will share details of how the Regulator is addressing the risks to savers in the current economic climate including its current regulatory priorities for ensuring trustees and employers look after the scheme members’ valuable savings and future developments to maintain financial resilience and confidence in pensions.
14:30: Chair's round up and close of conference
Laura Blows, Editor, Pensions Age