Programme

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Registration
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Chair's introduction and opening remarks

Holly Roach, Correspondent, Professional Pensions

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Keynote: The Pensions Dashboard

The government has committed to introduce the pension dashboard within the coming four years. As part of this, all pension schemes will need to make data available in a set format (still to be decided) for inclusion. This is no mean feat, as pension scheme data is not always complete, accurate or in easily accessible systems so much work will be needed to get scheme data dashboard ready. This session will assess the administration and data work schemes need to do to become ‘dashboard ready’ - looking at the dashboard data standards as well as the administration practicalities of the pension dashboard.

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GMP Equalisation

Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project. Yet, most schemes haven’t yet chosen a GMP equalisation method and are awaiting further guidance and legal clarifications. Things are, however, becoming clearer and the GMP Equalisation Working Group has begun to publish guidance to help schemes resolve the issue. This session will look at where we are now with GMP Equalisation and look at the admin and data steps schemes need to take to complete the project.

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Record Keeping

The Pensions Regulator (TPR) has just ordered the trustee boards of 400 schemes to urgently conduct a data review as part of its crackdown on poor scheme record-keeping. This crackdown marks the latest phase in a regulatory battle against poor data, an issue that has been systemic across the industry for many years. This session will look at the step’s schemes can take to bring their data up to standard once and for all.

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Networking break
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Engaging your members

Engaging your members with their pension can be a challenge for employers but with pension freedoms demanding a far higher level of engagement, ensuring sure your workforce understands what’s on offer has never been more crucial. How do you combat the low levels of financial literacy and do you need to establish a more personalised approach?

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Master Trusts

The administration of DC schemes is notoriously tricky, especially if things go awry. Master Trusts can offer some employers governance with low costs and greater simplicity than a regular employer scheme so can be a good option for Trustees. This session looks specifically at DC admin and asks how and if a move to a Master Trust can help improve quality and reduce costs.

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Panel discussion: The flight to quality

For many schemes, administration has been seen as a cost to be managed downwards. Yet, as issues such as Freedom and Choice, GMP Equalisation and data quality come to the fore, an increasing number of schemes are deciding cheapest isn’t necessarily best and are looking to pay more for their admin. In this session, our panellists will discuss what best in class admin looks like and what the future holds for data quality.

Chair: Holly Roach, Correspondent, Professional Pensions

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Closing remarks

Holly Roach, Correspondent, Professional Pensions

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Lunch and networking

Please note: programme is subject to change