Venue information 

CONFERENCE DETAILS

 

Fiduciary Management & Investment Governance for Pension Funds
 

 

10 April 2019
London – Le Meridien Piccadilly Hotel

Programme

  

Fiduciary Management and Investment Governance post CMA Review


08.45    :    Registration and Coffee

 

09.20    :    Welcome & Opening Remarks

 

FredFred Jaffe, Executive Director, Specialist Pension Services

 

 

 

  

09.25   :      Session 1:  Setting the Scene

 

  Moderator: Bob Hymas, Trustee Executive, BESTrustees

 

 

 

  

 

Jay IonsJay Ions, Executive Director, Goldman Sachs Asset Management

 

How is Fiduciary Management Changing? 

Looking at how Fiduciary Management is developing in the UK and the issues facing trustees post CMA review. Based on a recent survey, the focus will be on how trustees want to develop their fiduciary management relationship to improve asset management for their funds. 

 

  

Adrian FurnhamProf. Adrian Furnham, Principal Behavioural Psychologist, Stamford Associates

 

Advice vs. Delegation: A Psychologist's Perspective

The decision to outsource to a fiduciary manager requires a clear self-assessment of the trustees’ investment abilities and the time they can commit to investment issues. Questions of trustee board dynamics and the interplay with key stakeholders are also very relevant. This talk will look at the typical problems of boards and their consequences. It will go on to consider how to select fiduciary managers: that is what traits, skills and abilities characterise success (compared to investment consultants) and how to evaluate them. The talk will also consider the experience of incorporating the input of psychologists in the selection and monitoring of investment managers.

    

10.40     :    Coffee/Tea

  

11.10     :    Session 2: Information & Monitoring for Trustees

 

Moderator: Roger Brown, Founder & Director, IC-Select

 

 

 

 

 

 Jane KarczewskiJane Karczewski, Head of Global Custody, HSBC Global Banking and Markets

 

How Custody is Changing 

This talk will highlight the role of a custodian in the governance of pension fund assets. Discussions include how innovations in technology are helping to independently evaluate a portfolio in areas such as risk, performance and compliance. With an increasing regulatory burden how can a custodian provide necessary information and transparency for trustees.

 

 

Anthony WebbAnthony WebbHead of Fiduciary Practice, KPMG

 

How is the Performance Assessment of Fiduciary Management Changing?

How can you benchmark the performance of your fiduciary manager? The wider development of ratings and how to use these in assessment and monitoring. Are Fiduciary managers becoming more transparent so trustees can see their added value and how are things likely to change through technological innovations and post CMA review?

 

12.25    :    Drinks and Lunch

 

13.35    :    Session 3:  ESG

 

Stephen BrooksModerator: Stephen Brooks, Director, PA Pension Trust 

 

 

 

Matthew Mignault Matthew Mignault, Director, Ernst & Young

 

ESG in Fiduciary Management & Investment Governance

As trustees become more aware of ESG investment issues and fulfilling their fiduciary responsibilities, this session will look at the sorts of questions you should be asking of your investment advisors and fiduciary managers. Based on a recent survey, it will also consider the ways fiduciary managers are incorporating ESG into their offerings to pension funds

 

 

Jonathan NelsonJonathan Nelson, Head of Research, CGLytics

 

Repurchases and Remuneration: Rigging the System?

Much ado has been made about the potential for companies to use share repurchases to manipulate performance criteria for their executive remuneration plans, but is this actually the case? This talk will discuss the use of share repurchases and the metrics for remuneration granted to executives from 2015 to 2017 in order to examine if there is a correlation between the two. As the responsibilities placed on fiduciary managers continues to mount, we will take a deeper dive into this aspect of trustees’ company stewardship with regards to the company’s use of capital to fund repurchases and the financially-based performance criteria for executive remuneration policies. 

  

14.50    :    Coffee/Tea

 

15.10    :    Session 4: CMA Review & Case Studies

 

Rachel CroftModerator: Rachel Croft, Director, Independent Trustee Services Ltd

 

 

 

  

Corina DonohoeCorina Donohoe, Assistant Director, CMA

 

Investment Consultancy Reforms

This session will focus on the outcomes of the investigation into the investment consultancy sector at the request of the FCA.

 

Brendan Walshe Brendan Walshe, Investment Consultant, Regulatory Policy, Analysis and Advice

 

Responding to the CMA Review

The CMA published their final report on 12 December 2018. The remedies proposed included a number of specific actions for TPR. This presentation will address how TPR is expecting to respond to the CMA  review and will include consideration of:

  • Proposed remedies
  • Adverse impacts in practice
  • Development of guidance
  • Improving the standards of governance
  • TPR's expectations of trustees

 

Panel Session: Looking to the Future

Trustees and advisors discuss their experiences of Fiduciary Management and the changes to come.

 

Barry Mack, Director, Muse Advisory

  

 

 

 Gerald Wellesley, Client Director, Punter Southall Governance Services

 

 

 

 

   

16.30   :    Drinks Reception & Close of Conference

Purpose

Fiduciary Management is changing following regulatory developments such as the CMA review as well as improvements in the assessment and monitoring of fiduciary managers. Technology is also assisting in the improvement of investment governance and transparency. This conference is designed to help trustees assess their investment governance practices and broaden understanding of good governance in selecting, implementing and monitoring both managers and funds.

 

Cost

The conference is by invitation only for pension funds and other institutional investors. If you are not already receiving an invitation please contact us. A limited number of Complimentary invitations are usually available to genuine pension fund representatives (executives and trustees) and other approved institutional investors. However, to ensure we have room for as many funds as possible, we have to limit free places to 2 attendees per approved organisation thereafter a reduced rate fee is payable per delegate. Furthermore, SPS always reserves the right of admission (free or paid) and our decision is final.

 

Venue

Le Meridien Piccadilly Hotel, London

21 Piccadilly

London W1 0BH

Hotel Tel: 08700 400 8400

Hotel Fax: 020 7437 3574

www.lemeridienpiccadilly.co.uk

 

The hotel is located on the north side of Piccadilly, close to Piccadilly Circus, only two minutes walk from Piccadilly Circus underground station.

MAP

FUTURE
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