21st Annual DC Pension


Investment Developments



19 April 2018
London – Le Meridien Piccadilly Hotel



21st Annual DC Pension Investment Developments

08.45    :    Registration and Coffee


09.15    :    Welcome & Opening Remarks


TrevorTrevor Cook, Managing Director, Specialist Pension Services





09.25   :      Session 1:  Real Assets & Private Markets


Gerald Wellesley Moderator: Gerald Wellesley, Director, HR Trustees





Vince ChildersVince 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. 




Roberto CagnatiRoberto Cagnati, Managing Director, Co-Head Portfolio Management, Partners Group


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


Anthony CharlwoodModerator: Anthony Charlwood, Investment Manager, TPT Retirement Solutions






Katherine MageeKatherine MageeVice 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 HarbronGarrett HarbronInvestment Strategist - Vanguard Asset Management


Simplify, Simplify

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: 



Bob HymasModerator: Bob Hymas, Trustee Executive, BESTrustees






Steve CharltonSteve 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.



Speaker tbc


Topic to be confirmed




14.50         Coffee/Tea


15.10         Session 4: Practical Issues/Panel Session


Jerry Gandhi

Moderator: Jerry Gandhi, Pensions Manager UK & Ireland, Schneider Electric UK Ltd Pension Plan 





Brendan WalsheBrendan 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 AlexanderNiall 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 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.


Le Meridien Piccadilly Hotel, London

21 Piccadilly

London W1 0BH

Hotel Tel: 08700 400 8400

Hotel Fax: 020 7437 3574


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



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Local Authority Pension Fund Investment Issues

March 15, 2018                               Le Meridien Piccadilly, London

Annual Dutch Pension Fund Investors' Conference

March 22, 2018                              Apollo Hotel, Amsterdam

Investment Governance and Fiduciary Management for Pension Funds Conference

April 12, 2018                                Le Meridien Piccadilly, London

21st Annual DC Pension Investment Developments

April 19, 2018                                Le Meridien Piccadilly, London 

ESG & Sustainable Investments for Pension Funds

May 10, 2018                                 Le Meridien Piccadilly, London

Inaugural Irish Pension Fund Investors' Conference

June 7, 2018                                  The Westbury, Dublin

Infrastructure & Real Asset Investment Strategies for Pension Funds

June 14, 2018                                 Le Meridien Piccadilly, London

Investment Strategies & Cash Flow Management for Maturing Pension Funds

July 12, 2018                                 Le Meridien Piccadilly, London

Credit & Private Debt Investing for Pension Funds

August 30, 2018                                Le Meridien Piccadilly, London

Alternative & Innovative Investment Strategies for Pension Funds

September 13, 2018                          Le Meridien Piccadilly, London

Investment Insights & Issues for Dutch Pension Funds

September 20, 2018                          Apollo Hotel, Amsterdam

Nordic Institutional Investors' Conference

October 2, 2018                              7A StrandvägenStockholm

26th Annual Property Investing for Pension Funds

October 11, 2018                              Le Meridien Piccadilly, London

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November 15, 2018                          Le Meridien Piccadilly, London

Investment Conference for Pension Funds

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Private Equity (& Debt) Investors' Annual Seminar

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