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)
FIND OUT MORE

Time until the event

Who should attend?

Professional Pensions welcomes delegates from the following job types:


Trustees

Pension Scheme Managers

Pension Scheme Administrators

Pensions Communication Specialists

Chairs of Trustees

HR Directors/Managers

CIOs

Financial Directors

CFOs

Treasurers

Programme

-
Registration
-
Chair's introduction and opening remarks

James Phillips, Deputy Editor, Professional Pensions

-
Keynote: The PPF Purple Book

Stephen Wilcox , Chief Risk Officer, Pension Protection Fund

-
The future of the bulk annuity market

2019 was another record-breaking year in the bulk annuity market. Demand is set to continue with 2020 already off to a busy start and volumes predicted to exceed £500bn over the next 10 years. But what does this mean for the future of the bulk annuity market? This session will look at the future of the market and the opportunities for smaller schemes.

Stephen Purves, Partner, Aon

-
Buy-ins make it harder to buy-out

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.

Ren Lin, Head of Client Strategy, Insight Investment

-
Networking break
-
Preparing for bulk annuities

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

-
CDI – Does it deliver inflows?

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

-
Dealing with data

Data has never been more important to trustees and pension managers. The quality and accuracy of members’ data has played a pivotal role in everything from auto-enrolment, GDPR compliance, and the development of the dashboard. Data is also key to a successful outcome from de-risking exercises like buy ins/buy outs, PIE, longevity swaps and trivial commutation. This session will look at key considerations for a robust data strategy.

-
Networking lunch


-
Afternoon Keynote: The new DB funding code

Fiona Frobisher, Head of Policy, The Pensions Regulator

-
Longevity hedging

According to recent research longevity hedging was more than twice as popular as other tools, such as partial buy-ins or seeking additional sponsor contributions, as part of a de-risking process for schemes. The focus on life expectancy also comes as projections from the Continuous Mortality Investigation suggest this could be on the rise after several years of little or no improvement. In October, its research found there had been a 4.9% average improvement in the first nine months of the year. As schemes set their sights on an endgame there is an opportunity for schemes to secure their liabilities sooner than expected. This session will explore the options for longevity hedging including the use of longevity swaps and hedging longevity risk.

-
The latest adventures of LDI

Hedging of defined benefit scheme benefits is continuing to pick up pace as the use of liability-driven investment (LDI) has jumped over the 50% mark. By the end of 2018 there were 2,405 LDI mandates, covering £1,024bn of liabilities. This session will look at:

  • The role it can play in helping risk management
  • How the market is opening up to smaller schemes
  • How fiduciary management has affected the market
  • The difference between pooled and bespoke arrangements
-
Panel: Where now for the DB consolidators?

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?

Duncan Buchanan, Partner, Hogan Lovells
Prash Mehta, Business Development Manager, Just Defined Benefit Solutions

Chair: James Phillips, Deputy Editor, Professional Pensions

-
Chair’s closing remarks and close of conference

James Phillips, Deputy Editor, Professional Pensions

Please note: programme is subject to change

Speakers

Partner
Hogan Lovells
Head of Policy
The Pensions Regulator
Head of Client Strategy
Insight Investment
Business Development Manager
Just Defined Benefit Solutions
Solutions Manager
Schroders
Deputy Editor
Professional Pensions
Partner
Aon
Chief Risk Officer
Pension Protection Fund
Delegate Registration


Qty

Contact

For registration queries contact:
Samuel Avis
Marketing Assistant
+44 (0)207 484 9778
For programme queries contact:
Joe McLean
Senior Conference Producer
+44 (0)207 484 9867
For sponsorship queries contact:
Liam Barrett
Sales Director
+44 (0)207 484 9977
For logistics queries contact:
Lily Cullen
Event Assistant
+44 (0)207 484 9931