Programme

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Registration and breakfast
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Opening remarks

James Phillips, Deputy Editor, Professional Pensions

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Keynote: TBA
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Weathering the Covid-19 storm

XPS Pensions Group recent annual 5FM Watch report showed that fiduciary managers with more risk embedded in their portfolio initially made losses of up to 14.5% in the first quarter of 2020. Despite this, maintaining the strategy of high exposure to risk assets ultimately paid off with most making strong recoveries over the course of the year as markets returned to pre-pandemic levels. How can we ensure managers share trustees outlook on markets and their approach to investment in times of severe stress, and has this offered trustees an opportunity to properly evaluate performance and potentially model for future recessions?

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Retendering: what you need to consider

Any pension scheme looking to outsource 20% or more of assets to a fiduciary provider must conduct a competitive tender process with a minimum of three managers up for consideration.

  • Are retender exercises helping trustees?
  • Creating the right brief, setting objectives
  • The importance of regular oversight to measure success
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Networking break
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Setting targets

A recent report published by EY highlighted the importance of accurately evaluating the performance of fiduciary managers, especially when comparing on past performance. What is the best way to compare on a consistent basis when there are so many variables at play, and how can trustees set tangible targets going forward that work as real markers of success?

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Smoother journey to endgame

Endgame means different things for different pension schemes from buyout to self-sufficiency. Having the right strategy in place and evolving that strategy as schemes get closer to their target is essential. Do you know what you’re aiming for? Without setting out clear drivers how can you reach the conclusion that a fiduciary manager is the right solution? This session will consider how fiduciary management might help your scheme achieve its endgame.

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ESG integration

There are a variety of factors Trustees need to consider when selecting a fiduciary manager that meets their requirements from an ESG investment perspective. Considering the extent to which ESG factors are impacting overall outcomes and not just financial performance is paramount. That doesn't mean always picking the managers that have the greatest degree of ESG in their investment process, but how a manager may take a holistic approach to integrating ESG.

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Closing remarks

James Phillips, Deputy Editor, Professional Pensions

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Networking lunch

Please note: programme is subject to change