21st Annual DC Pension Investment Developments
08.45 : Registration and Coffee
09.15 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.25 : Session 1: Real Assets & Private Markets
Moderator: Gerald Wellesley, Director, HR Trustees
Vince Childers, Senior Vice President, Portfolio Manager, Diversified Real Assets, Cohen & Steers
Introducing Real Assets into DC Schemes
Real assets are widely recognized as a core asset class for investors of all types, offering attractive returns with the important additional benefits of diversification and inflation sensitivity. But DC schemes lag far behind their DB counterparts in adopting real assets and integrating them in any meaningful sense into default funds. This can be explained by the absence of DC-friendly products that are daily dealing and low cost, but innovative new products are set to change that at a time when the outlook for both equities and bonds looks most uncertain, and the need for real assets has arguably never been greater. Here we will explain the importance of real assets to DC plans and share experiences from across the Atlantic on how best to implement an allocation.
Private Markets/Alternative in DC
Introduction to private markets as an asset class. Why do private markets have a place in a DC pension shceme's portfolio? How can DC pension schemes access private markets? How to comply with DC-specific requirements. Illustrative private markets portfolio allocations for DC pension schemes.
10.40 : Coffee/Tea
11.10 : Session 2: Alternative Risk Premia & De-Risking
Moderator: Anthony Charlwood, Investment Manager, TPT Retirement Solutions
Katherine Magee, Vice President, J.P.Morgan Asset Management
The Benefits of Using Alternative Risk Premia in DC Schemes
The concept of risk premia and factor-based investing is becoming more and more common across the Asset Management industry. During this session, we'll describe the philosophy and rationale behind factor-based investing and how to implement factor-based strategies. We'll also provide a case study of how alternative risk premia can be beneficial for DC members by reducing overall volatility while still contributing meaningfully to expected return.
Garrett Harbron, Investment Strategist - Vanguard Asset Management
In the spirit of Henry D. Thoreau, "our life is frittered away by detail ... simplify, simplify", this session will explore the different approaches to de-risking as a member approaches retirement, presenting both the theory and the evidence on what works best in each scenario.
12.25 : Drinks and Lunch
13.35 : Session 3:
Moderator: Bob Hymas, Trustee Executive, BESTrustees
Steve Charlton, Managing Director, DC Pensions, EMEA & Asia, SEI
Master Trust Performance - One size does not fit all
Despite being critical to the future retirement of huge swathes of the UK population, largely, defaults are constructed to a one size fits all design, which takes little account of the needs of the members within them or the employers selecting them. The reality is that scheme defaults should be as different as the workforces invested in them and performance should be judged on the objectives to which they were built. This means that it's not only ok for performance to be different across schemes, but positively desirable. This presentation will look at how DC Defaults can be constructed and evaluated in a way that makes sense for the members they serve.
Topic to be confirmed
15.10 Session 4: Practical Issues/Panel Session
Moderator: Jerry Gandhi, Pensions Manager UK & Ireland, Schneider Electric UK Ltd Pension Plan
Brendan Walshe, Investment Consultant, The Pensions Regulator
An Update from The Pensions Regulator
This session will provide an update on the Pensions Regulator's current priorities, in particular looking at the new responsibilities around authorisation and ongoing regulation of master trusts. There will also be an update on TPR's ongoing work on the 21st century trustee, raising standards of trusteeship and governance.
Niall Alexander, Director, Head of DC Solutions, P-Solve
Are you Up-to-date with Recent Developments in Relation to DC Schemes?
So much has changed over the last few years in the world of DC pensions. Recent regulatory requirements have changed the role of trustees , with consideration needed regarding minimum quality standards, the Chair's Annual Statement, value for members, the DC code of practice, transparency, Trustee training, governance committees, pension taxation, pension flexibilities, scheme transfers, auto-enrolment, the issue of guidance vs advice, understanding disclosure requirements among other things. With all of these areas for Trustees to consider, we focus on what really matters for today's trustees and whether good governance is simply following regulation, or goes beyond that.
A panel of pension scheme executives will talk about their pension fund's investment strategies and experiences. Panelists to include:
Jerry Gandhi, Pensions Manager UK & Ireland, Schneider Electric UK Ltd Pension Plan
16.45 : Drinks Reception & Close of Conference
For the 21st edition of this valuable and increasingly popular conference, we will be looking at a range of the most important issues facing DC pension schemes. We will aim to examine the latest trends in administration, communication and member engagement, new ideas for investment opportunities and consideration of risk and performance of the different approaches relative to member outcomes.
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.
March 8, 2018 Copenhagen Marriott Hotel
March 15, 2018 Le Meridien Piccadilly, London
March 22, 2018 Apollo Hotel, Amsterdam
April 12, 2018 Le Meridien Piccadilly, London
April 19, 2018 Le Meridien Piccadilly, London
May 10, 2018 Le Meridien Piccadilly, London
June 7, 2018 The Westbury, Dublin
June 14, 2018 Le Meridien Piccadilly, London
July 12, 2018 Le Meridien Piccadilly, London
August 30, 2018 Le Meridien Piccadilly, London
September 13, 2018 Le Meridien Piccadilly, London
September 20, 2018 Apollo Hotel, Amsterdam
October 2, 2018 7A Strandvägen, Stockholm
October 11, 2018 Le Meridien Piccadilly, London
November 8, 2018 Le Meridien Piccadilly, London
November 15, 2018 Le Meridien Piccadilly, London
November 22, 2018 Manchester
December 11, 2018 Le Meridien Piccadilly, London