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Registration and Refreshments

Welcome to the Spring Trustee Senate hosted by Professional Pensions.

As you step into this enlightening conference at the Fanhams Hall, rest assured that your belongings will be attentively cared for while you immerse yourself in the enriching sessions of day one. Following the conclusion of the final session, you'll have the opportunity to check-in to the comfort of your room. 

Along with our agenda full of fantastic speakers, you will also have the opportunity to utilise the venue’s facilities during your free time:

  • Garden walk or jogging trail
  • Fitness room
  • Afternoon Tea (pre-book only)
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Welcome and Opening Remarks
Speaker
Editor-In-Chief
Professional Pensions
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Opening Keynote

Welcome to Professional Pensions: Trustee Senate Spring 2024. To start the senate, we will be opening with an economic outlook for 2024 and beyond from our guest Keynote Speaker, to be announced shortly. 

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It’s All Fun and Endgames: Preparing Your Scheme for The Race to Buyout

2024 brings a new era for Defined Benefit pension schemes. Buyout affordability is closer than expected. Yet is buyout the way forward for your scheme? With the bulk annuity market over saturated, how can you best prepare your scheme for an insurance option?

This session will address:

  • A market analysis for buy-in and buy-out options
  • Is it always valid to buy-out or are there more suitable options for different schemes?
  • What are schemes currently doing to prepare themselves for the bulk annuity market?
  • How can smaller schemes compete in the bulk annuity market?
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Networking and Refreshments

An ideal opportunity to connect with fellow trustees and relish refreshments provided by Fanhams Hall, for first class company and a second to none experience!

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Buy-Out of the Question: Alternative Endgame Options for Your Scheme

Despite the current economic climate, it is no surprise that schemes are finding themselves with an improved funding position. In the past, full buyout of scheme benefits with an insurer was viewed as the gold standard endgame that all trustees and sponsors should aspire to. However, what endgame options are becoming increasingly of interest, and why?

This session will address:

  • Are trustees still aiming for the ‘gold standard’ buyout, and why?
  • What new alternatives are there in the endgame space at the moment?
  • How does the size of you scheme affect what options are suitable for you?
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Cracking the code: How Can Schemes Best Comply with The General Code

The Pensions Regulator's new general code of practice has been launched, merging ten existing codes into a single document, and providing a lot of potential value to schemes. Compliance with this code brings about an opportunity to rid of out-of-date policies, reflect modern working practices, and improve governance as well as documentation. Whilst this is a good opportunity for schemes, trustees will need to prepare for the work ahead of implementation.

This session will address:

  • What does the new general code mean for schemes now?
  • How can trustees improve their communications with administration in compliance with the general code?
  • How can schemes ensure any new governance procedures, in compliance with the general code, maximise efficiency?
  • Providing examples of what schemes are doing effectively so far
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Lunch

This is your chance to mingle, connect, and replenish your energy amidst the Trustee Senate'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! 

Day 1 Boardrooms

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The Role of a Trustee: Changing Like the Weather in a Volatile Economic Climate

In response to our economic circumstances, the pensions world is finding itself divided between the old legacy and new. In our new world, trustees are challenged to encourage members to save, especially during a cost-of-living crisis. They are also expected to maintain an increasingly demanding amount of knowledge, whilst also having a diverse board. With an increasing amount of regulation, it begs the question- What is the role of a trustee, and has it changed?

This session will address:

  • Has the role of a trustee changed with the recent economic climate?
  • What is the future of regulation for trustees? • What does the future for lay trustees look like?
  • Examples of schemes that have shown good governance
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Changing and Engaging: The Importance of Member Engagement in a Fast-Paced Industry

Member engagement has been an ongoing challenge for the industry. With high interest rates, inflation, and the cost-of-living crisis, member outcomes should be a focus of the DC workplace market. Therefore, in a constantly changing industry, it is crucial for us to assist members to understand what retirement might be like. With so many options and outcomes, it is also important members choose what the right option for them is.

This session will address:

  • Case studies from members that have now finished their retirement journeys
  • What common member feedback are we seeing in the industry?
  • How can we improve member experience using this feedback?
  • What further options can we offer members running up to/after retirement?
  • Should members have more or less control over their own outcomes?
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Scammer-savvy: How to Be One Step Ahead in Vulnerable Economic Times
2020 was the biggest year for cyber-attacks. After moving online in a post-covid world, most trustees still fear their members approaching retirement will be targeted by scammers, as schemes are now more than ever, vulnerable to significant attacks. Considering the economic climate, and many struggling from a cost-of-living crisis, it is our duty to both protect our members and make our infrastructure more resilient. As an industry we need to be treating the threat of cyber-attacks, not as "if we are going to be attacked", but "when we are going to be attacked".
This session will address:
  • What are the newest scams we are seeing as an industry?
  • What should admin be looking for and what are the signs of a scam?
  • What have schemes been doing to protect their members?
  • How can we continue to educate members to be safe from scammers?
  • How can we make our infrastructure more resilient?
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Scammer-savvy: How to Be One Step Ahead in Vulnerable Economic Times

2020 was the biggest year for cyber-attacks. After moving online in a post-covid world, most trustees still fear their members approaching retirement will be targeted by scammers, as schemes are now more than ever, vulnerable to significant attacks. Considering the economic climate, and many struggling from a cost-of-living crisis, it is our duty to both protect our members and make our infrastructure more resilient. As an industry we need to be treating the threat of cyber-attacks, not as "if we are going to be attacked", but "when we are going to be attacked".

This session will address:

  • What are the newest scams we are seeing as an industry?
  • What should admin be looking for and what are the signs of a scam?
  • What have schemes been doing to protect their members?
  • How can we continue to educate members to be safe from scammers?
  • How can we make our infrastructure more resilient?
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The Role of a Trustee: Changing Like the Weather in a Volatile Economic Climate

In response to our economic circumstances, the pensions world is finding itself divided between the old legacy and new. In our new world, trustees are challenged to encourage members to save, especially during a cost-of-living crisis. They are also expected to maintain an increasingly demanding amount of knowledge, whilst also having a diverse board. With an increasing amount of regulation, it begs the question- What is the role of a trustee, and has it changed?

This session will address:

  • Has the role of a trustee changed with the recent economic climate?
  • What is the future of regulation for trustees?
  • What does the future for lay trustees look like?
  • Examples of schemes that have shown good governance
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Changing and Engaging: The Importance of Member Engagement in a Fast-Paced Industry
Member engagement has been an ongoing challenge for the industry. With high interest rates, inflation, and the cost-of-living crisis, member outcomes should be a focus of the DC workplace market. Therefore, in a constantly changing industry, it is crucial for us to assist members to understand what retirement might be like. With so many options and outcomes, it is also important members choose what the right option for them is.
This session will address:
  • Case studies from members that have now finished their retirement journeys
  • What common member feedback are we seeing in the industry?
  • How can we improve member experience using this feedback?
  • What further options can we offer members running up to/after retirement?
  • Should members have more or less control over their own outcomes?
-
Changing and Engaging: The Importance of Member Engagement in a Fast-Paced Industry
Member engagement has been an ongoing challenge for the industry. With high interest rates, inflation, and the cost-of-living crisis, member outcomes should be a focus of the DC workplace market. Therefore, in a constantly changing industry, it is crucial for us to assist members to understand what retirement might be like. With so many options and outcomes, it is also important members choose what the right option for them is.
This session will address:
  • Case studies from members that have now finished their retirement journeys
  • What common member feedback are we seeing in the industry?
  • How can we improve member experience using this feedback?
  • What further options can we offer members running up to/after retirement?
  • Should members have more or less control over their own outcomes?
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Scammer-savvy: How to Be One Step Ahead in Vulnerable Economic Times
2020 was the biggest year for cyber-attacks. After moving online in a post-covid world, most trustees still fear their members approaching retirement will be targeted by scammers, as schemes are now more than ever, vulnerable to significant attacks. Considering the economic climate, and many struggling from a cost-of-living crisis, it is our duty to both protect our members and make our infrastructure more resilient. As an industry we need to be treating the threat of cyber-attacks, not as "if we are going to be attacked", but "when we are going to be attacked".
This session will address:
  • What are the newest scams we are seeing as an industry?
  • What should admin be looking for and what are the signs of a scam?
  • What have schemes been doing to protect their members?
  • How can we continue to educate members to be safe from scammers?
  • How can we make our infrastructure more resilient?
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The Role of a Trustee: Changing Like the Weather in a Volatile Economic Climate

In response to our economic circumstances, the pensions world is finding itself divided between the old legacy and new. In our new world, trustees are challenged to encourage members to save, especially during a cost-of-living crisis. They are also expected to maintain an increasingly demanding amount of knowledge, whilst also having a diverse board. With an increasing amount of regulation, it begs the question- What is the role of a trustee, and has it changed?

This session will address:

  • Has the role of a trustee changed with the recent economic climate?
  • What is the future of regulation for trustees?
  • What does the future for lay trustees look like?
  • Examples of schemes that have shown good governance
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Coffee and Networking Break

An ideal opportunity to connect with fellow trustees and relish refreshments provided by Fanhams Hall, for first class company and a second to none experience!

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Going for Gold: Which Endgame Option Reigns Superior?

With the improvement in funding levels for many DB schemes, there is a rapid escalation in initiatives and strategic planning to expedite the approach towards their endgame, surpassing initial expectations. Despite the strengthened funding positions, certain schemes are still indecisive about their endgame strategies. Decision-makers within pension schemes highlight that accessing buyout providers poses a significant concern and potential challenge in the foreseeable future.

This session will address:

  • What is the optimal endgame strategy in 2024?
  • What are the pros and cons of each endgame option?
  • What are the future considerations for schemes to think about each endgame option?
  • What does the future of endgame look like for schemes?
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Closing Remarks
Speaker
Editor-In-Chief
Professional Pensions
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Free Time and Networking

Please use this time to check-in to the comfort of your room.

Along with our agenda full of fantastic speakers, you will also have the opportunity to utilise the venue’s facilities during your free time:

  • Garden walk or jogging trail
  • Fitness room
  • Afternoon Tea (pre-book only)
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Drinks Reception

As the sun sets and the atmosphere transforms, treat yourself to a selection of beverages and indulge in forging connections with fellow attendees. Cheers to creating memories, toasting to success, and embracing the spirit of togetherness in a setting designed to delight. Step into the allure of our drinks reception, where every connection is an opportunity waiting to be discovered.

Before dinner, enjoy a speech by our guest speaker Nick Leeson:

The collapse of Barings Bank and Nick Leeson’s remarkable story makes for a fascinating, insightful, and engaging after-dinner speech. Nick’s candid account will take the audience back to the early 90s where, at the age of 25, the son of a plasterer was propelled from Watford to Singapore and became a derivatives trader, heading up the Singaporean office of England’s oldest merchant bank.

Nick takes the audience on a journey from an innocent back-office error and hiding of the losses, through to his eventual demise and failed escape back to Europe, followed by capture and incarceration in Singapore. It’s a gripping and intriguing story which sparked the best selling book, Rogue Trader, and subsequent Hollywood movie starring Ewan McGregor.

Speaker
Chief Executive Officer
Bull and Bear Capital
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Dinner

Experience an evening of fine dining hosted by Professional Pensions at the esteemed Fanhams Hall. Set against the backdrop of this exquisite location, and sophisticated atmosphere of Ashdown Park; This memorable dinner experience promises a night of refined dining and meaningful interactions that will leave a lasting impression.

Please note: programme is subject to change