Investment Strategies for Pension Funds
08.45 : Registration and Coffee
09.15 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.20 : Session 1: Balancing Risk & Reward
Moderator: Jo Holden, CIO, UK DB Business, Mercer
Daniel Morris, Head of Multi Asset Solutions, Wells Fargo Asset Management
Next Generation Return-Seeking Portfolios
Return-seeking portfolio allocators are faced with a seemingly endless menu of investment options that must be assembled and managed to achieve one or multiple objectives. The enormity of this task can lead to a piecemeal approach to portfolio construction that can cause portfolios to become more complicated and costly than necessary. Worse yet, the resulting portfolio may not deliver the exposures required to accomplish scheme’s long-term goals. The approach we discuss in this presentation was conceived specifically to address these shortcomings.
Anthony Lawler, Co-Head, GAM Systematic
Bringing Alternative Risk Premia to Life for a UK Pension Scheme
What is ARP? Why are investors allocating to ARP? Case Study - UK Pension Scheme allocation to ARP.
Simon Bentley, Director, LDI Client Portfolio Management, BMO Global Asset Management
Incorporating ESG into End-Game Portfolios
Strong market growth, company contributions and revised longevity assumptions have improved the funding position of many DB pension schemes in recent years. This stronger financial position has put de-risking and end-game planning back on the table for many trustees and sponsors. At the same time, interest in ESG and responsible investing is gaining momentum and new regulations are in the pipeline which will require trustees to consider their approach in this area more formally. In this session, we will discuss how environmental, social and governance factors can be incorporated into an end-game portfolio in a governance efficient way, without forgoing the performance needed to meet pension scheme objectives.
11.05 : Coffee/Tea
11.35 : Session 2: Equity Strategies
Moderator: Michelle McGrade, Investment Committee Advisor, Sainsbury's Pension Scheme
Erik Norland, Executive Director and Senior Economist, CME Group
Asset Allocation in a Rising Volatility Environment
What are the key macroeconomic risks facing UK pension investors? Which sectors could deliver the strongest returns if volatility explodes? Which are the sectors to avoid?
Jens Hansen, Head of Investments and Portfolio Manager, Macquarie Investment Management
Approaching risk in global equities with discipline!
In the aftermath of the financial crisis, global equity markets generated exceptional returns. Where do markets go from here? Market timing is a challenging endeavour. Missing out in strong markets, or suffering from falling markets, can destroy returns. This session takes the view that limiting the downside is far more critical for long term returns than beating a benchmark on a monthly, quarterly or yearly basis. Aim to win by losing less! We will make the case that balancing quality with valuation of earning stable business, offers lower downmarket capture and deliver solid returns for the long-term.
12.50 : Drinks and Lunch
14.00 : Session 3: Focusing on the End Game
Moderator: Nadeem Ladha, Professional Trustee, 2020 Trustees
Mark Foster, Global Head of Outcome Based Product Strategies & Solutions, Aberdeen Standard Investments
Constructing a Cash-flow and liability aware portfolio for the end-game
Many pension schemes are faced with significant funding and/or liquidity risk associated with increased maturity and negative cashflows. In this session Mark will explore the importance of a liability aware and cash-flow driven approach going forward, particularly as schemes’ increasingly consider their “end-game” approach. He will also cover key considerations when building a cash-flow aware investment strategy including what skill sets you need and things we can learn from insurance companies.
James Tomlin, Client Manager, Cardano
Brexit - proofing your Investment Strategy
With so much uncertainty around the eventual outcome of Brexit and the subsequent consequences for the UK economy, should Trustees just cross their fingers and hope for the best? No. Despite the uncertainty, Trustees can put in place contingency plans to ensure their investment strategy is resilient to the possible outcomes. This session will consider what markets are most likely to be affected as the Brexit storyline unfolds and aims to quantify the possible impact on pension scheme funding. We will discuss the benefits of considering all pension scheme risks holistically when deciding what actions should be taken before offering some practical steps Trustees can take to navigate the uncertainty.
15.15 : Coffee/Tea
15.30 : Session 4: Keynote Presentation and Case Studies
Moderator: Jane Middleton, Independent Trustee, Pi Partnership Group
Dr. Chris Sier, Chairman, Fintech North and Visiting Professor of Financial Technology, University of Leeds
Fees & Cost Transparency
A panel of pension scheme executives and trustees will talk about their pension fund's investment strategies and experiences. Panelists to include:
Padmesh Shukla, Head of Investments, TFL Pension Fund
Henrietta Branwell, Chairman, Equity Pension Fund
16.40 : Drinks Reception & Close of Conference
This event, one of the broadest in scope of the SPS calendar, aims to examine a wide range of investment strategies to help pension funds to review their overall strategy. In addition to discussing practical implementation issues, we will seek to discuss factors such as growth, income and protection and how to balance risks with expected returns to achieve differing scheme objectives.
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 21, 2019 Apollo Hotel, Amsterdam
April 10, 2019 Le Meridien Piccadilly, London
April 17, 2019 Le Meridien Piccadilly, London
May 9, 2019 Le Meridien Piccadilly, London
June 11, 2019 The Westbury, Dublin
June 18, 2019 Le Meridien Piccadilly, London
July 11, 2019 Le Meridien Piccadilly, London
September 5, 2019 Le Meridien Piccadilly, London
September 12, 2019 Le Meridien Piccadilly, London
September 24, 2019 Apollo Hotel, Amsterdam
October 3, 2019 7A Strandvägen, Stockholm
October 10, 2019 Le Meridien Piccadilly, London
November 7, 2019 Le Meridien Piccadilly, London
November 14, 2019 Le Meridien Piccadilly, London
November 21, 2019 The Met Hotel, Leeds
December 5, 2019 Le Meridien Piccadilly, London