Please note: this programme is subject to change

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Registration and Breakfast

Welcome to the Defined Contribution Conference Manchester, hosted by Professional Pensions.

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Welcome and Opening Remarks
Speaker
Editor-in-Chief
Professional Pensions
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Navigating the Future of Illiquids for DC Schemes
In the last decade, pension schemes of various structures have significantly increased allocations to illiquid assets. In contrast, UK DC schemes have been more cautious in entering the illiquid space. However, with the chancellor's Mansion House Compact, the stage is set for a substantial increase in illiquid assets. As this landscape evolves, what considerations should schemes bear in mind?
This session will address:
  • Potential pitfalls and overlooked investment risks
  • Lessons learnt from the September 2022 Mini Budget
  • Strategies for DC schemes to adjust portfolios, optimising risk-adjusted returns and enhancing resilience
Speaker
Head of Investment Product Management
USS Investment Management Limited (USSIM)
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Value for Money: Post-Consultation Insights

Since the joint consultation response on Value for Money (VfM) by the DWP, FCA, and TPR in July 2023, details about subsequent steps have been limited, yet the consultation points towards a likely direction. The VfM framework is anticipated to evolve gradually, with a focus on transitioning from a cost-centric to a value-centric approach.

This session will explore:

  • The anticipated impact of the VfM framework
  • Implementation considerations for schemes
  • Strategies for ensuring a seamless implementation process
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Networking and Refreshments

An ideal opportunity to connect with fellow delegates and relish refreshments provided by our venue, for first class company and a second to none experience!

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Master Trust Masterclass: Why Are We Consolidating and What Are the Benefits?

Over the last decade, the pensions landscape, including master trusts, has transformed due to regulatory shifts and evolving consumer needs. The appeal of master trusts surged with the advent of auto-enrolment, attracting major companies for employee pension solutions. Anticipating additional changes in auto-enrolment, a growing emphasis on financial wellness, evolving guidance and advice distinctions, and emerging retirement solutions, the master trust landscape is poised for continued development in future.

This session will address:

  • Why are we consolidating and what are the benefits?
  • What happens under consolidation?
  • Where are we with progress in comparison to last year?
  • What does the future hold for Master Trusts?
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Unlocking Opportunities: Exploring LTAFs for UK Pension Savers

LTAFs present British pension savers with a distinctive chance to invest in a vital asset class, delivering stable, diversified, and inflation-linked returns. Providing access to long-term investments in private markets, encompassing wind, solar, hydrogen, heating, and storage assets, LTAFs emerge as an enticing and diversifying addition to DC members' portfolios, offering exposure to renewable energy and the broader energy transition.

This session will address:

  • Are LTAFs the future, and why?
  • Addressing challenges associated with LTAFs and strategies for resolution
  • Assessing the potential impact of LTAFs on boosting private market DC investment over time
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Somewhere Over the Rainbow: Going for Gold with Pot for Life

In the 2023 Autumn Statement, the chancellor introduced the concept of a lifetime pension, commonly known as a 'pot for life' or 'provider for life.' This initiative allows employees to choose a single pension for joint contributions, aiming to enhance saver outcomes and reduce the prevalence of multiple pension pots. Despite promising prospects, there is still a considerable journey ahead.

This session will address:

  • Pros and cons associated with the 'pot for life.'
  • The potential timeline for implementing the 'pot for life'
  • Anticipated milestones in the implementation process
  • Examples of other countries adopting similar approaches
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Lunch

This is your chance to mingle, connect, and replenish your energy amidst the DC Conference's vibrant atmosphere. Join us in savouring a spread prepared to elevate your midday experience. Whether you're networking, sharing insights, or simply taking a moment to unwind; Take your seat, and enjoy!

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Monetary Concerns: Guiding Members Through Tough Economic Times

The ongoing cost of living crisis and now recession has heightened financial strain for many, impacting disposable income for savings and investments. DC pension schemes face various challenges such as reduced member contributions, employer cutbacks, delayed retirements, suboptimal investment returns, and increased demand for flexible pension access.

This session will address: 

  • Strategies for schemes to support members during the cost-of-living crisis and recession
  • Predictions and measures to expedite the resumption of member contributions
  • Guidance for schemes advising members balancing short-term needs with retirement goals
  • Anticipated impacts on DC schemes, and preparations for upcoming challenges
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Navigating Tomorrow: An Update from The Pensions Regulator

As the pensions industry braces for significant challenges in 2024 with impending changes in government legislation, regulations, and policies; Join Professional Pensions for our closing keynote session. Led by our guest esteemed representative from The Pensions Regulator, this session offers a direct update from TPR to you.

This session will address:

  • An update from TPR
  • Industry expectations for the future
  • Address concerns and questions regarding upcoming regulation
Speaker
Lead Investment Consultant
The Pensions Regulator
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Closing Remarks
Speaker
Editor-in-Chief
Professional Pensions