Please note: programme is subject to change

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Registration
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Welcome and Opening Remarks
Speaker
Editor-in-Chief
Professional Pensions
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An Update From The Pensions Regulator
Speaker
Senior Adviser
The Pensions Regulator
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Session Sponsored by Standard Life
Session content TBC
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Session Sponsored by Barnett Waddingham
Session content TBC
Speaker
Partner and Head of DB Endgame
Barnett Waddingham
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Networking Break
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Members in Mind: Serving Your Members Well Throughout Your Endgame Journey

For many trustees and sponsors, providing member options is a useful tool to accelerate the time to reach buyout. However, these options can change after buyout, so we as an industry must understand the importance of fully communicating with members about their options ahead of buyout, regarding good governance. Some schemes are now developing member journey plans to document member experience alongside funding and investment plans for buyout. However, with endgame fast approaching, what can schemes do for member experience with less time to prepare than expected?

This session will address:

  • How can schemes continue to serve members well throughout their endgame journey?
  • How can schemes do this in a cost-effective way?
  • Should more schemes be considering member journey plans alongside their endgame journey?
  • Are Enhanced Transfer Value (ETV) exercises still an appropriate option for members?
  • How can schemes continue to use these effectively?
Speaker
Senior Actuarial Consultant
Hymans Robertson
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Session Sponsored by Schroders Solutions

Session content TBC

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Session Sponsored by AXA

Session content TBC 

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Lunch
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Session Sponsored by Aviva investors

Session content TBC

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An Insight into a New Risk Transfer Solution: Capital Backed Journey Plans

The last few years has seen the emergence alternative risk transfer solutions all seeking to support DB schemes on their journey to end game.

This session will address: 

  • An in-depth explanation on how capital backed journey plans work
  • How capital backed journey plans benefit the trustee, members, and sponsor
  • An insight into Punter Southall’s capital backed journey plan, the Pension Safeguard Solution, and how it’s flexibility and robust structure opens the bulk annuity market to a wide range of schemes
Speaker
Principal
Punter Southall
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Session Sponsored by Lane Clark & Peacock
Session content TBC
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Networking Break
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Session Sponsored by Legal and General Investment Management
Session content TBC
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Session Sponsored by Just Group plc
Session content TBC
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Must All Good Things Come to an End? Securing an Endgame Success Story

BTPS is one of the largest corporate pension schemes in the UK with £47bn in assets and 270,000 members. Over the last few years BTPS has invested heavily in people, processes and technology. It bought member administration in-house, repatriated its call centre and introduced a new member administration platform improving member satisfaction exponentially. It has reduced its deficit from c. £11bn in 2019 to £4.3bn in 2022 with the Scheme set to be fully funded by 2030.

As a very mature scheme, it has been considering its endgame options. It wants to retain its high-quality service, but is this possible with a declining member and asset base? As a traditional buy-in/buyout option will not work for BTPS, it begs the question- "Is there an alternative?”

This session will address:

  • What challenges are BTPS currently facing in its endgame journey?
  • A look into membership numbers and assets
  • What wider political activity/external factors are affecting schemes?
  • What solutions work for BTPS?
  • What can we expect to see from BTPS in its journey to endgame?
Speaker
CEO
BT Pension Scheme Management (BTPSM)
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Closing Remarks
Speaker
Editor-in-Chief
Professional Pensions
Drinks Reception