Higher interest rates and shifting market dynamics are creating new opportunities for pension schemes. This session will explore how DB and DC investors are adapting portfolio strategies, balancing income generation, diversification and risk management, and where different areas of fixed income, including securitised credit, may play a role.

As expectations around value have evolved, it has become clear that it is about more than securing the lowest possible fee. Trustees must consider whether the investments, advice and services they receive are supporting the scheme’s objectives and delivering for members and sponsors.

This session will explore value as a broader governance issue and how it should be assessed in the context of each scheme’s benefit structure, investment strategy and long-term plans. From investment performance and risk to administration, advice and member experience, it will consider the questions trustees should ask to identify unnecessary costs, challenge providers and distinguish low cost from genuine long-term value.