top of page

FUTURE

CONFERENCES

RCS England.jpg
CONFERENCE DETAILS

SPS Secure income and liquidity in the new investment environment
The role of liquid and illiquid assets in providing income

May 18, 2023

The View at the Royal College of Surgeons, London

Conference objectives

Following the LDI crisis, this conference aims to help pension funds and other institutional investors look at secure income strategies (through infrastructure and real assets) and compare and contrast these with more liquid investment strategies. What role do secure income strategies play in today’s investment climate? With yields higher overall to what extent is secured income still a way of earning more than the risk free rate? How much liquidity do you need and how do you manage the illiquid elements of your portfolio?

Programme
Programme

09.00

Registration

09.30

Session 1

Porkolab Lorant.jpg

Moderator:

Lorant Porkolab

Director

LawDeb

Milligan Andrew.jpg

Independent Investment Consultant and Economist

Economic and market outlook

•    Where next for inflation and the implications for monetary policy?
•    Why have we seen an LDI crisis and a Banking crisis?
•    Which areas of financial markets are most vulnerable?

•    Positioning your portfolio to manage this fast developing environment

Harvey Nick.jpg

Partner - Investment

XPS Pensions Group

Reviewing and Monitoring LDI to suit your objectives

LDI is a valuable tool for pension funds but following the crisis last year it’s important to review it regularly to ensure it meets your objectives.

  • Compare the different approaches LDI managers took to navigate the gilts crisis, the associated outcomes, and what can be learned

  • Understand how LDI has already evolved following the gilts crisis

  • Consider what steps you should take to monitor your LDI arrangements and ensure they are robust and that you are operating in line with recent guidance

10.45

Coffee/Tea break

11.15

Session 2

Collins Martin_edited.jpg

Moderator:

Martin Collins

Trustee Director

Vidett Limited

Mashru Minesh.jpg

Head of Infrastructure

Cambridge Associates

Private infrastructure

•    Infrastructure and real assets in the current higher rate environment
•    Pricing trends in infrastructure and real assets
•    Inflation protection
•    ESG considerations
•    Looking ahead to end 2023-2024 and forecast lower inflation

Bolger Phelim.jpg

Infrastructure Specialist

IFM Investors

Inside infrastructure’s accelerating progress towards a sustainable lower-carbon future

•    Essential infrastructure & it’s role in the current environment
•    Infrastructure options; equity and debt
•    The world’s focus on decarbonisation 
•    Bringing infrastructure to life; three real world case studies
•    The sums add up; the magnitude of capital need

 

12.25

Lunch

13.30

Session 3

Sander Anne.jpg

Moderator:

Anne Sander

Client Director

Zedra

Fullerton Norbert 2023.jpg

Partner 

Lane Clark & Peacock

Investing for low-reliance / self-sufficiency. Challenging conventional thinking

•    Overview of changing investment objectives through the life cycle / journey of a DB pension scheme
•    Three competing paradigms and their pros cons 
•    The key different portfolio metrics used for CDI vs RDI
•    Why we think there ought to be a floor on portfolio de-risking/ floor on returns around Gilts +1% p.a.
•    Integrated risk management: what big picture models have to say about investment returns, sponsor covenant and the probability of paying all pensions
•    Case study 1 run-off investing: Consolidators
•    Case study 2 run-off investing: how insurers invest
•    Cashflow driven investing / secure income investing in practice 

Investor Perspectives Panel - illiquid vs Liquid Investing

Panellists to include:

Harrison Andrew 2019.jpg

Trustee

RSA Group Pension Scheme

Hubbard Richard 2023_edited.jpg

Professional Trustee Capital Cranfield &

Chair of Pensions Committee, The Church of England Pensions Board

14.40

Drinks reception

15.15

Close of conference

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.

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