Risk & Scheme Funding Forum
An evolving approach to your funding strategy
Professional Pensions is delighted to launch our Risk & Scheme Funding Forum for 2020 taking place on 5 March. This new event is a combination of our Scheme Funding Summit and our Risk Reduction Forum, tying together the core themes associated with both. While both popular events in their own right, The Pensions Regulator (TPR) has made it clear that an integrated approach to risk management is a fundamental starting point for schemes as they also start setting their long-term funding targets, so combining these focuses into one seemed a natural fit.
According to recent research, the value of UK bulk annuity deals is set to quadruple in the 2020s, from £135bn in the 2010s to around £540bn. This staggering increase signals an ever-evolving approach to funding strategies with schemes constantly reassessing their de-risking process, in an attempt to combat longevity risk and establish a clear path to a full funded scheme.
Join us on 5 March at this exclusive event, that will provide delegates with an update on the bulk annuity market, journey planning, consolidation, investment risk and much more.
This event is working towards the International Standard ISO 20121 and follows guidance set out by the Sustainable Event Alliance (SEA)
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Time until the event
Who should attend?
Trustees
Pension Scheme Managers
Pension Scheme Administrators
Pensions Communication Specialists
Chairs of Trustees
HR Directors/Managers
CIOs
Financial Directors
CFOs
Treasurers
Programme
James Phillips, Deputy Editor, Professional Pensions
Stephen Wilcox , Chief Risk Officer, Pension Protection Fund
Most pension schemes are now on a path to their endgame, whether they are aiming for buy-out or self-sufficiency. It is widely accepted that a buy-in can make it harder for most schemes to achieve its endgame, so we present a framework to help schemes decide when a buy-in might be suitable. We also consider ways pension schemes might adapt their investment strategies to approach their endgame with greater certainty.
Paul Richmond, Head of Solution Design, Client Solutions Group, Insight Investment
With bulk annuity transactions at record levels, the market has become supply driven. As a result, trustees must prepare carefully if they're to secure insurer engagement. Prash will look at how this impacts smaller schemes and explore the practical steps trustees should take to prepare for a transaction and secure participation from insurers.
Prash Mehta, Business Development Manager, Just Defined Benefit Solutions
The investment objective of nearly every pension fund is to meet the liabilities as they fall due, so why is CDI so special? Although the focus of CDI is often on meeting assumed liability outflows, in reality it is all about securing the asset inflows. This session will explore how to build a CDI solution and how the solution can be tailored to long-term goals such as buy-out and self-sufficiency.
Patrick O'Sullivan, Solutions Manager, Schroders
As pension schemes move to endgame, there just aren’t going to be enough traditional ‘matching’ assets to go around. As pension schemes hoover up Gilts, insurance companies (and some pension schemes) are looking to more innovative assets to match liabilities. Search for such assets is increasingly a competitive activity…with schemes prepared to look to innovative assets set to have the advantage.
Julie Alexander, Business Development Director, Kempen Capital Management
An exploration of recent examples of cases where Trustees have managed to reach buy-out with limited additional employer support. What defines these cases and how did the actions of the Trustees and Employer enable them to reach their destination? What is the outlook for other schemes that wish to reach buy-out and what alternatives might they consider? The speaker can draw upon extensive experience of bulk annuity transactions having done over 50 of them.
Colin Parnell, Head of Bulk Purchase Annuities, Capita
Fiona Frobisher, Head of Policy, The Pensions Regulator
It is almost a year since the Department for Work & Pensions (DWP) launched its consultation on the consolidation of defined benefit pension schemes.
- What now for the DB consolidators?
- Is there still a market for them
- Can they go ahead and launch their products?
- What are the options?
Ashu Bhargava, Senior Actuary, Clara Pensions
Duncan Buchanan, Partner, Hogan Lovells
Prash Mehta, Business Development Manager, Just Defined Benefit Solutions
Chair: James Phillips, Deputy Editor, Professional Pensions
James Phillips, Deputy Editor, Professional Pensions
Please note: programme is subject to change