Spotlight Series: Value for Money & Low Cost Investment Strategies for Pension Funds


11 May 2017
London – Le Meridien Piccadilly Hotel



Value for Money and Low Cost Investment Strategies for Pension Funds

08.30    :    Registration and Coffee


09.00    :    Welcome & Opening Remarks


TrevorTrevor Cook, Managing Director, Specialist Pension Services





09.10   :      Session 1:  Setting the Scene


Headshot Moderator: tbc





HeadshotSpeaker tbc, Aon Hewitt


Understanding trustee investment decision-making

Reviewing the findings of a Research partnership between Aon Hewitt and Leeds University Business School and looking to see how it can help improve the efficiency and effectiveness of pension scheme investments and costs.



Oliver JaegemannOliver Jaegemann, Global Head, The Asset Management Exchange (AMX)


Duplication - the enemy of efficiency

The industry is full of duplication. Duplication of effort and costs.  Low costs - don't focus just on manager fees.  How to explain the three different layers and how to control them.  The basis for good negotiation. The impact of a centralised model on costs. The impact of a centralised model on trustee life.

10.30     :    Coffee/Tea


11.00     :    Session 2:  Risk and Reward


John ArthurModerator: John Arthur, Managing Director, Allenbridge





Pascal SpielmannPascal Spielmann, Executive Director, LGT Investment Partners


Alternative Risk Premia: How to invest in a cost-effective way and avoid potential pitfalls

Why have we seen a rise of smart beta / factor investing and now Alternative Risk Premia and what exactly are these strategies? What about the potential pitfalls in ARP investing: back testing, bank trading strategies, crowded trades and more? Can Engineering generic alpha be a cost effective investment technique? How can you achieve a low TER and Solvency Capital Ratio for Solvency II purposes? 




Andrew HarmanAndrew HarmanPortfolio Manager, Multi Asset Solutions, First State Investments


When Beta is not Enough

Success in investing is about achieving financial goals.  These might be a required level of Income or desired level of savings at retirement. To meet these goals and achieve investment success over a specified period, we think investment decisions need to balance return ambitions, risk appetite, and time horizon.  In an environment where political uncertainty, low growth and low expected returns are more likely, most investors cannot rely on 'long-run average market returns'.  With financial markets subject to frequent booms and busts, asset allocation decisions are not sufficient and we think alpha strategies and portfolio protection will be critical to deliver on investors objectives going forward.    



12.20    :     Drinks and Lunch


14.00    :     Session 3:  Practical Issues



Alan PickeringModerator:  Alan Pickering, Chair, BESTrustees 






HeadshotSpeaker: tbc


Managing Cash Flow

How do you go about effectively managing cash flow to ensure schemes can meet pension payments? What should you do if your income requirements are more that the cash your investments produce? What if you can't rely on sponsor contributions? The dangers of relying on asset sales; What are the most cost-effective strategies you can consider? 



Simon Hill

Simon Hill, Chief Investment Officer, Conduent HR Services


Facing up to a Challenging Future

How can you cost effectively look at the potential impact economic issues could have on your pension fund? And what about major recent events? Bonds alone will not solve your problems; indexing may be cheap but will that really help? Will diversification be the "magic bullet" and what else can you do?



15.20         Session 4:  Pension Fund Insights


Alan PickeringModerator: Alan Pickering, Chair BESTrustees





A panel of pension scheme executives and trustees will talk about their pension fund's fixed income investment strategies and experiences. Panellists to be confirmed.






16.20    :    Drinks Reception & Close of Conference


In these fiscally straitened times, pension funds are under pressure to reduce the operating costs of their
portfolios and are increasingly looking for value for money from their investments. This conference seeks to
review a variety of the low cost or good value strategies/opportunities available in the market to help pension
funds in their quest, and to look at some of the related practical issues implications and considerations.


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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