Programme

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Registration
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Chair’s opening remarks

James Phillips, Deputy Editor, Professional Pensions

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Opening keynote

Louise Sivyer, Policy Manager, Regulatory Policy Directorate, The Pensions Regulator

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The changing face of contract-based schemes

Much of the focus over the past 12 months has been on master trust accreditation. But contract-based schemes have been evolving also. This session will look at how contract-based schemes are changing to meet member needs and the innovation we can expect to see in future.

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Current State of DC and its Future Wellbeing

• Developments and trends in DC design to improve member outcomes

• Integrating long term savings into broader financial wellbeing strategy

John Foster, Principal Consultant, Aon

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Morning networking break
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DC is a 'false' pension without a framework for members to draw their money

Annuities, Drawdown and Cash all contain significant risks – what lessons can we learn and what should the UK be developing to help its DC members?

Mark Futcher, Partner and Head of DC and Workplace Wealth, Barnett Waddingham

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The master trust advantage

Employers are increasingly turning towards DC master trusts as a way in which to reduce the burden of running schemes as well as minimising costs and out-of-market exposures. This session looks at some of the benefits of a flexible master trust approach and assesses approaches to default investment design both to and through into retirement as well as different glide path designs and the benefits of passive or active investing.

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Integrating ESG into a multi-asset portfolio

Multi-asset strategies play a vital role in DC defaults; delivering long term returns while managing investment risk. As our understanding of the risks associated with ESG evolves, it is important that multi-asset solutions take account of these risks. However managing wide ranging ESG risks across multiple asset classes is challenging. In this session we will introduce the concept of a sustainability budget and explain how this can form part of the process to integrate ESG into a multi-asset portfolio. Tim Horne,

Tim Horne, Head of UK Institutional Defined Contribution, Schroders

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Lunch
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Preparing for a comfortable retirement

Some three-in-four staff are likely to miss out on a comfortable retirement – something that is causing increasing concern for employers and trustees. But what can they do to help DC members to address this lack of saving and improve outcomes? This session takes a look at how schemes can assess, communicate and guide their way to better member outcomes and improve the ROI of DC spend.

Greer Flanagan, Actuary and Senior DC Consultant, Hymans Robertson

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An alternative approach

Defined benefit schemes have long taken advantage of investing in illiquid and alternative assets, but DC schemes have often lagged in their adoption of these asset classes. However, the addition of illiquid investments to DC portfolios could help improve member outcomes and offer better return potential to members over the long term. We will discuss current challenges to inclusion and how these could be overcome.

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Lessons from near and afar

AE has brought more than ten million people into pension saving since its launch in 2012. But, while it has been a success, there is still much to do, especially in DC pensions, where contributions are often too low, coverage is still far from complete and investment, in both the accumulation and decumulation space, is evolving. This session looks at latest thinking in DC design and takes a look at trends among both leading edge UK and overseas schemes.

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Afternoon networking break
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Governance matters

Operational effectiveness and good governance are vital for pension stability, nowhere more so than DC schemes, where efficiency can significantly improve the bottom line and member outcomes. This practical session will help trustees assess how well their pension scheme runs, looking at:

  • How trustees, sponsors and advisers can work effectively
  • How to drive efficient decision-making
  • Planning for opportunities and threats
  • The value of a robust business plan
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Thematic investments
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Closing keynote: Successful engagement

How do we get members to fully engage with their employee benefits and realise the full value of what they are offered? How do we keep them engaged over time? Our speaker will look at some of the latest work in this area - and leave us with a few practical tricks to improve the way we talk to members.

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Closing remarks from the chair