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Breakfast and Free Working Time

As you begin your day, we kindly request that you use this time to complete your check-out process. Rest assured, your belongings will be in excellent care with Fanhams Hall while you immerse yourself in the second day of enriching sessions at our Spring Trustee Senate. 

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Welcome and Opening Remarks
Speaker
Editor-In-Chief
Professional Pensions
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No Time to Lose: Using A Narrative Scenario Approach
Climate scenarios are used as part of investment and strategic decision-making processes, but many are recognising the limitations and overly simplistic assumptions that current climate scenario models present. Without shorter term indicators, physical risks, tipping points and feedback loops being considered, this can lead to a false sense of security as the modelling simplifies the problem, loses nuances, and underestimates risk. Recognising this, USS has developed new climate scenarios using a narrative approach which focuses on shorter time horizons and the interaction of political will and technological advancement to indicate different climate-related outcomes.
Captured in a recent blog by Accounting for Sustainability, which runs a pension fund chair network, this fireside chat session will deep dive into what, why and how of USS’s approach.
This session will address:
  • Challenges to current scenario approaches
  • Adopting a narrative approach
  • New climate scenario considerations
Speaker
Head of Investment Strategy
USSIM
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Has the buyout market shifted? What could this mean for you?

The volume of pension liabilities being transferred to the insurance sector through buy-ins and buyouts has increased significantly over recent years. In this plenary session Tom Seecharan from PIC will provide his views and insights into the current pension risk transfer market, discussing the reasons for the increase in demand and commenting on what this could mean for Trustees of pension schemes that are considering their journey to buyout, as well as implications for investment in the economy and the benefits for members.

Given this increased demand in the marketplace for buy-ins and buyouts, there are some additional considerations that Trustees should be incorporating into their de-risking planning, and Tom will shed light on these considerations and share his advice on how to make your scheme attractive to insurers, with a view to getting the most out any de-risking process.

Tom will also share his views on expected market dynamics over the coming years, and discuss the challenges facing insurers and Trustees alike as the market continues to expand touching on hot topics in the sector at present including regulatory reform and new entrants to the marketplace.

    Speaker
    Co-Head of Origination
    PIC
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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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    Why running on might be the right choice

    From Mansion House to consultations on surplus release, the Government is challenging trustees to reconsider their endgame. Gerard Francis explores what this might mean for DB pension schemes and how ‘running on’ could produce a better outcome for all.

    Speaker
    Head of UK Design & Strategic Risk
    Schroders
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    The Opportunity in Insurance Linked Strategies

    Alistair looks at insurance linked investment strategies. He will cover how they offer the opportunity to enhance potential returns and genuinely diversify risk, as well as provide society with social resilience from meteorological and climate events. Alistair will also cover how pension funds have been allocating given this current opportunity.

    Speaker
    Managing Director and Head of ESG
    Leadenhall Capital Partners
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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 2 Boardrooms

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    Insurance Linked Strategies In Practice

    Leadenhall cover how different types of pension schemes are considering ILS including DB and DC pension schemes, high and low return strategies, liquidity and cashflow matching aspects. Leadenhall also cover in more detail how the Insurance Linked market functions in practice and answer any queries trustee may have.

      Speaker
      Managing Director and Head of ESG Committee
      Leadenhall Capital Partners
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      Themes and Trends in LDI

      This session will explore the latest topical issues, themes, and trends in the LDI market. We will discuss considerations around hedge accuracy, instrument selection, the outlook for gilts and the repo market amongst other things. The session is intended to be interactive, and we hope attendees will share their experiences and feedback on the various topics, for the benefit of the wider group.

      Speaker
      Head of Solutions Client Portfolio Management
      Columbia Threadneedle Investments
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      Themes and Trends in LDI

      This session will explore the latest topical issues, themes, and trends in the LDI market. We will discuss considerations around hedge accuracy, instrument selection, the outlook for gilts and the repo market amongst other things. The session is intended to be interactive, and we hope attendees will share their experiences and feedback on the various topics, for the benefit of the wider group.

      Speaker
      Head of Solutions Client Portfolio Management
      Columbia Threadneedle Investments
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      Insurance Linked Strategies In Practice

      Leadenhall cover how different types of pension schemes are considering ILS including DB and DC pension schemes, high and low return strategies, liquidity and cashflow matching aspects. Leadenhall also cover in more detail how the Insurance Linked market functions in practice and answer any queries trustee may have.

        Speaker
        Managing Director and Head of ESG
        Leadenhall Capital Partners
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        The Final Curtain: An Update from The Pensions Regulator

        TPR has finally released its eagerly anticipated general code of practice, providing governing bodies with the chance to ensure their schemes align with the governance standards expected by TPR and deserved by savers. With many predicting that upcoming changes to government legislation, regulations, and policies will pose significant challenges for the pensions industry in 2024; What better way to address these concerns than by receiving updates directly from TPR and having the opportunity to pose any pressing questions.

        This session will address: 

        • An updated from TPR
        • What can the industry expect from 2024 and beyond?
        • Your biggest questions and worries with existing and upcoming regulation
        Speaker
        Interim Director of Regulatory Policy, Analysis and Advice
        The Pensions Regulator
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        Closing Remarks
        Speaker
        Editor-In-Chief
        Professional Pensions

        Please note: programme is subject to change