08:30 – 08:55: Registration and refreshments
08:55 – 09:00: Chairman’s welcome
Roger Cobley, Chairman, Stamford Associates
09:00 – 09:30: Opening keynote speaker: Update from The Pensions Regulator (TPR)
David Fairs, Executive Director of Regulatory Policy, Analysis and Advice, The Pensions Regulator
David Fairs offers an update of the key issues The Pensions Regulator is tackling in the current pensions climate.
09:30 – 10:00: Markets update: What of the future?
Andrew Cole, Head of Multi Asset London, Pictet Asset Management
Andrew Cole offers an outlook for the markets and the influence of macroeconomic forces on asset class returns over the medium and long term.
As pension schemes mature, their focus has moved on to cashflow management. Adapting to a cashflow aware world requires pension schemes and their delegates to think through long-term issues across the investment value chain – to help provide security and predictability of the cashflows needed. AXA IM takes a look at some important long-term issues - such as liquidity, ESG and end-game awareness - and how the value chain is adapting.
In the wake of several high profile corporate failures, a revised DB Pension Scheme Funding code is due to be published imminently by the Pensions Regulator (tPR). Revisions to the code are expected to reflect comments contained in the DWP’s 2018 DB White Paper and tPR’s 2019 Annual Funding Statement. Colin Parnell (Capita) and Adolfo Aponte (Lincoln) will reflect on the most recent recommendations from tPR (including those in the revised code if it is published before 31 October) and what their clients are doing to address them.
11:00 – 11:30: Coffee break
11:30 – 12:00: The Globalisation of Real Assets
Sorca Kelly-Scholte, Managing Director, J.P. Morgan Asset Management
Historically investors have retained a strong domestic bias in their portfolios of real assets. This has been especially true when investing in real estate. In this session, our speaker will set out how real asset portfolios are to become more global, drawing parallels with the globalisation of equity portfolios. She will also discuss how the opportunity set has evolved and the ways in which some of the historical barriers to international investing are being overcome.
12:00 – 12:30: Emerging Market Corporate Bonds – An Evolving Asset Class
Andreas Fischer (MSc, CFA), Senior Portfolio Manager, Credit Suisse Asset Management
The Emerging Market corporate bond universe has been transformed from a niche into a mature, diverse and stand-alone asset class that is now larger than the US High Yield market. Despite this, we believe many investors remain too focused on EM Sovereign exposure and thus miss out on attractive opportunities in the EM corporate world.
12:30 – 13:00: Democratising sustainable investing through a flexible multi-asset fund
Maria Municchi, Fund Manager, M&G
Asset owners increasingly want to commit their funds to investments that aim to achieve financial returns, at the same time as generating positive outcomes and avoiding harmful or detrimental effects from these investments. The nature of some of the more sustainable asset classes may make them less accessible for some investors, perhaps due to the large scale of each individual asset or because of limited liquidity. We believe a flexible and dynamic multi-asset product could help investors navigate the effects felt in different economic environments, while giving them the opportunity to access some of these sustainable asset classes.
13:00 – 14:00: Lunch break
14:00 – 14:30: Protecting the future by charting your own course
Dan Mikulskis, Partner, Lane Clark & Peacock (LCP)
When advising clients Dan believes that focusing attention on the right things, measuring what matters and having a clear idea of where you are going are the essential foundations of any investment programme – much of the rest is noise. Having a clear journey plan that maps a path and prepares Trustees for uncertainty is key and it differentiates those schemes that have done well over the last decade from those that have not.
14:30 – 15:00: DC panel: what should be on your agenda?
Judith Fish,Professional Trustee, Dalriada Trustees
Matthew Swynnerton, Partner, DLA Piper
Kevin Wesbroom, Professional Trustee, Capital Cranfield Pension Trustees
Our DC panel of trustees and DC pensions experts addresses some of the key issues facing DC pension schemes today, and offers some top tips on how best to manage DC schemes in today’s pensions world.
15:00 – 15:30: Keynote speaker: Update from the Association of Consulting Actuaries (ACA)
Jenny Richards, Chair, ACA Professional Affairs Committee
This session will outline the ACA’s key current areas of focus and in particular the theme of simplification. Priorities include how this could impact on GMP conversion and pension taxation.
15:30 – 16:00: Closing keynote speaker: Pensions scams: where are we now?
Tommy Burns, Risk and Financial Crime Manager, Pension Scams Industry Group (PSIG)
Tommy, who has been part of the Pension Scams Industry Group (PSIG) since its inception in 2014, will update delegates on the PSIG's aims and objectives and how it has developed in recent years in response to one of the most worrying items on pension funds’ radars – pension scamming.
16:00 – 16:10: Chairman’s roundup
Roger Cobley, Chairman, Stamford Associates
16:10: Close of conference, drinks reception and networking