top of page

FUTURE

CONFERENCES

RCS England.jpg
CONFERENCE DETAILS

SPS Fiduciary Management, OCIO & Pension Fund Governance Issues

May 10, 2023

The View at the Royal College of Surgeons, London

Conference objectives

•    Understand the market, terminology and latest trends in the outsourcing of pension fund investment
•    Consider the lessons learned and next steps for investment governance post LDI crisis
•    Understand the role of fiduciary management as pension funds approach endgame
•    Compare and contrast fiduciary management and advisory
•    Learn from other pension funds, consultants and fiduciary managers
•    Network with pension funds and providers in an educational informal setting

Programme
Programme

09.00

Registration

09.30

Session 1 – Fiduciary management and Investment governance trends

Edwards-Philip-2019-80x100.jpg

Moderator:

Phil Edwards

Head of Manager Selection and Oversight

USS

Champion Paula.png

Partner and Head of Fiduciary Management Oversight

Isio

Trends, terminology, consolidation and regulation: how is the investment governance market evolving?

  • Terminology and trends in investment governance of pension fund assets

  •  Market turmoil, consolidation and fees – how are managers faring?

  •  Impact of ESG and funding code regulation on pension funds

Morton David 2023_edited.jpg

Head of Investment Strategy UK

SECOR Asset Management

Comparing advisory & fiduciary management

How to think about governance and advice and what is appropriate for your pension scheme

10.45

11.15

coffee

Session 2 – Planning ahead with Fiduciary Management

Smaje Mike 2021.jpg

Moderator:

Mike Smaje

Trustee Executive

BESTrustees

Greenlees Alastair_edited.jpg

Head of Investment Strategy UK

Van Lanschot Kempen Investment Management

How much complexity is enough?

Trustees are now faced with two particularly difficult choices, as our Dutch colleagues say “De keuze tussen twee kwaden”, which loosely translates to having to choose between two evils. In order to keep targeting the same return post-LDI crisis, schemes will either need to:

  • Accept a lower liability hedge, leading to higher investment risk; or

  • Allocate more to LDI to retain their previous level of hedging, but lose portfolio diversification, in turn leading to higher investment risk.

Higher risk, for no additional return, is an inherently unappealing choice. Such a market shift should lead to trustees reconsidering their investment approach.

This choice extends beyond a simple overall portfolio consideration and should delve into other questions including how much complexity is enough, and do alternatives still have a place in portfolios? 

Kelly Scholte Sorca 2023.png

Lead Client Chief Investment Officer for EMEA Pensions

BlackRock

Do private market assets still fit in a defined benefit  portfolios?

Following the events of last autumn, pension investors are more wary of illiquidity in their portfolios, and many are further along their journey to endgame than they expected to be.  Further, the draft defined benefit funding code requires that investors ensure endgame portfolios have ‘sufficient liquidity’.  Can private market alternatives still have a role in this world?  Are they worth the effort?  This session sets out the pros and cons, and a framework for sizing and structuring allocations to private markets for defined benefit pension portfolios. 

12.25

13.30

Lunch

Session 3- Developments in governance regulation and investment oversight developments

Kerr Andre.jpg

Moderator:

André Kerr

Head of Fiduciary Oversight

XPS Pensions Group

Berry Fred 2023.jpg

Senior Advisor

The Pensions Regulator

Update from TPR

Considering regulators’ updates following the LDI crisis
Trustees’ investment powers and the new funding code

Guthrie Rob bio crop.jpg

Partner

LCP

Fiduciary management – appointment, monitoring and oversight

•   Appointing a fiduciary manager and reviewing existing managers

•   What role could fiduciary management play as schemes approach their end-games, either to buy-out or long-term run-off?
•   How can you benchmark the performance of your fiduciary management
•   Managing and monitoring a fiduciary management – what do you need to know and do

14.40

Coffee

15.00

Session 4 - ESG and Fiduciary plus Pension fund perspectives

Cusack Melanie bio.jpg

Moderator:

Melanie Cusack

Client Director

Zedra Governance

Riddaway Bobby.jpg

Professional Trustee

Capital Cranfield

ESG – roles of advisory and fiduciary management

•    Clarifying roles and responsibilities with advisors and fiduciary managers
•    What sorts of questions should you asking advisors and fiduciary managers
•    What can you expect from a fiduciary manager
•    What your overall aim should be after answering the above

Case studies and views from pension funds

•    How did fiduciary management and pension fund governance work in the LDI crisis?
•    What are the experiences of pension fund governance
•    Managing the regulatory burden

Speakers include:

Bhardwaj Pavan_edited.jpg

Trustee Director, Funding & Investment Lead

Ross Trustees

Clarke Jonathan_edited.jpg

Chair of Trustees

EE Pension Fund

Ronco Sveva.jpg

Senior Manager, Client Investment Solutions

Railpen

16.15

Close followed by drinks reception

Cost

The conference is by invitation only for pension funds and other institutional investors and we welcome new attendees from these investors. Therefore if you are not already receiving an invitation please contact us. A limited number of Complimentary invitations are 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 3 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.

Sponsors                                                                Resources
Venue
Venue

The View at the Royal College of Surgeons

38-43 Lincoln's Inn Fields
London
WC2A 3PE

Tel: 020 7869 6703

https://www.rcseng.ac.uk/about-the-rcs/contact/

The View is centrally located at Lincoln’s Inn Fields within easy walking distance of Holborn (Piccadilly and Central lines) and Temple (District and Circle Lines) underground stations. It is a short taxi or underground journey from most major rail stations. Two NCP car parks are situated nearby.

Media Partners

IPE-micro-web-copy.png
Savvy Investor 2019.jpg
SPS Fiduciary, OCIO and Investment Governance for Pension Funds
July 11, 2024
The View at the Royal College of Surgeons, London
SPS Dutch Pension Fund & Institutional Investors’ Annual Conference
September 17, 2024
Rosarium, Amsterdam
SPS Nordic Institutional Investors’ Summit, Helsinki
September 26. 2024
Hotel Kämp, Helsinki
SPS Sustainable Investments & Current Issues Conference
October 9, 2024
Farmers and Fletchers in the City, London
SPS Local Authority Pension Funds' ESG & Current Issues Conference
October 22, 2024
The View at the Royal College of Surgeons, London
SPS Nordic Institutional Investors' Annual Conference, Stockholm
November 13, 2024
7A Strandvägen, Stockholm
SPS DC Pension Funds Update
December 3. 2024
Farmers and Fletchers in the City, London
bottom of page