Programme

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Registration
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Chair's introduction and opening remarks

James Phillips, Deputy Editor, Professional Pensions

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Keynote: The PPF Purple Book

Stephen Wilcox , Chief Risk Officer, Pension Protection Fund

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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.

Paul Richmond, Head of Solution Design, Client Solutions Group, Insight Investment

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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

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Networking break
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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

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Avocados as a matching asset

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

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Getting to buy-out with little employer support

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

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Networking lunch


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Afternoon Keynote: The new DB funding code

Fiona Frobisher, Head of Policy, The Pensions Regulator

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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?

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

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Chair’s closing remarks and close of conference

James Phillips, Deputy Editor, Professional Pensions

Please note: programme is subject to change