ANALYSING THE OPTIONS
Thursday 25 March | Digital Conference
Defined Benefit Consolidation Conference
Analysing the options
In the last year since the start of the coronavirus pandemic in the UK, superfunds have been given the provisional regulatory greenlight by The Pensions Regulator, heralding the start of potential mass-consolidation across the DB landscape. Consolidation into larger entities aims to improve governance, reduce costs and improve the chances that pensions will be paid.
Some schemes will be able to take advantage of improved funding levels to consider an insurance-based approach to consolidation, entering into buyout contracts to settle liabilities. However, there are other options such as considering merging into a specialist ‘superfund’ consolidator in a bid to improve outcomes for members.
Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.
Who should attend?
Professional Pensions welcomes delegates from the following job types:
Pension Scheme Managers
Pension Scheme Administrators
Pensions Communication Specialists
Chairs of Trustees
*Please note that complimentary places are reserved for inhouse pension and benefit professionals
James Phillips, Deputy Editor, Professional Pensions
- Different models available
- What are the regulatory concerns
- Expected funding levels
- Governance requirements
David Fairs, Executive Director of Regulatory Policy, Analysis and Advice, The Pensions Regulator
This session will consider various scenarios to which Trustees might consider entering a Superfund, what schemes looking to go down this route should expect and what the requirements of Trustees are when considering is involved in consolidation of this type.
John Baines, Partner, Aon
- How DB Master Trusts fits into the consolidation space
Paul Murphy, Business Development Director, TPT Retirement Solutions
Your chance to check a few emails, grab a drink and chat in our networking area
There are now a number of new and established consolidation options available for schemes to consider. Choice is good, but the pressure is on for trustees and sponsors to make the right decision and advisers have an important role to play, particularly for routes less well-trodden. We’ll discuss how to engage with advisers in this area, as well the current state of the market and what needs to happen for this to develop further.
Tom Hargreaves FIA, Associate and Corporate Actuary, Barnett Waddingham
Amanda Latham, Policy and Strategy Lead, Barnett Waddingham
At the heart of every strategy is a long-term goal, but why do we sometimes find it hard to start with the destination in mind? Isio will deep dive into this notion and discuss consolidation from a broader perspective covering topics such as platforms, superfunds, third party capital solutions with view to achieving peace of mind.
Stewart Hastie, Partner and Head of London, Isio
APPT unveiled a code of practice for professional corporate sole trustee (PCST) firms, drafted after consultation with TPR and in effect from 1 January. The code is the first industry-wide attempt to codify what good sole trusteeship looks like. This session will consider when sole trusteeship might be a good option for a scheme and its expected increased popularity over the next five years.
Nita Tinn, Chair, Association of Professional Pension Trustees (APPT)
Nigel Hill, APPT Council Member
DC schemes will soon be required to assess whether members would be better off if the scheme was consolidated, a value for member assessment. This panel will hold this discussion looking at the DB market.
- New entrants in the consolidation market
- Options for varying scheme size
- Comparing cost savings
- Legal requirements