Value for Money and Low Cost Investment Strategies for Pension Funds
08.30 : Registration and Coffee
09.00 : Welcome & Opening Remarks
Trevor Cook, Managing Director, Specialist Pension Services
09.10 : Session 1: Setting the Scene
Speaker 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 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
Moderator: John Arthur, Managing Director, Allenbridge
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 Harman, Portfolio 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
Moderator: Alan Pickering, Chair, BESTrustees
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, 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
Moderator: 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.
May 11, 2017 Le Meridien Piccadilly, London
June 8, 2017 Le Meridien Piccadilly, London
June 15, 2017 Le Meridien Piccadilly, London
July 13, 2017 Le Meridien Piccadilly, London
Alternative Credit and Private Debt Investing for Pension Funds
August 31, 2017 Le Meridien Piccadilly, London
Emerging, Frontier & Alternative Markets Investment Strategies for Pension Funds
September 14, 2017 Le Meridien Piccadilly, London
September 21, 2017 Apollo Hotel, Amsterdam
October 3, 2017 7A Odenplan, Stockholm
Property, Real Assets & Infrastructure Investing for Yield for Pension Funds
October 12, 2017 Le Meridien Piccadilly, London
November 9, 2017 Le Meridien Piccadilly, London
Annual Northern Investment Conference for Pension Funds
November 16, 2017 The Met Hotel, Leeds
November 23, 2017 Le Meridien Piccadilly, London