If the institutional asset management industry were a classroom of students and our teacher stood in the shoes of Asset Owners and their advisors, what would a 2018 Report Card tell us about our progress and areas for improvement. Over the course of the day, Asset Owners and investment consultants will give us a tough-love assessment of our performance:
9.00-9.30am Registration & Refreshments
9.30-9.45am Opening Remarks
9.45-10.35am Value for Money
This session will explore the meaning of ‘Value for Money’ and discuss whether asset owners have all the information they need to make an assessment or do gaps remain. The discussion will draw on insights from an LGPS pooling perspective and also consider the challenges that a world of increasing individual investment brings.
Session Chair: James Lindsay, Head of Sales, UK & Ireland, MFS Investment Management
Panellists: Dr Christopher Sier, UK Treasury Fintech Envoy and expert on asset management costs and cost disclosure
Fiona Miller, Chief Operations Officer, Border to Coast Pensions Partnership
Divyesh Hindocha, Partner, Mercer
10.35-11.20am Defined Contribution & Master Trusts
An examination of the increasing popularity of Master Trusts looking at the advantages they bring and what to look out for. The panel will discuss the opportunities for asset managers in this context and will also address the post-retirement/drawdown challenge.
Session Chair: Rona Train, Senior Investment Consultant, Hymans Robertson
Panellists: Jesal Mistry, Head of DC Scheme Design and Provider Evaluation, Hymans Robertson
Andy Cheseldine, Client Director, Capital Cranfield
Paul Todd, Director of Investment Development & Delivery, NEST
Aleck Johnston, Investment Solutions – DC & Individual Wealth, Mercer
11.20-11.50am Network Break
In light of the release of a number of new legislative proposals on investor duties, benchmarking issues and reliability, can ESG be fully embraced whilst maintaining fiduciary credibility? How will these proposals be implemented and what are the implications for asset owners?
Session Chair: Tony English, Director, Mercer
Panellists: Tomi Nummela, Responsible Investment, Mercer
Emma Hunt, Independent Director & Advisor
Adam Matthews, Director of Ethics & Engagement Church of England Pensions Board, Co-Chair Transition Pathway Initiative (TPI)
12.35-1.45pm Networking Lunch kindly sponsored by Clear Path Analysis
1.45-2.45pm The Defined Benefit end-game
As pension schemes mature, risk managing assets and liabilities towards an “end game” is the central challenge. Many pension schemes are targeting insurance buy-out while others are aiming for long-term self-sufficiency. Using the buy-in transactions recently executed by the M&S Pension Scheme as a case study the session will explore what the asset management industry can do to assist pension schemes taking this approach. The session will also touch on how longevity swaps and buy-ins can be combined to optimise the removal of longevity risks without constraining the investment strategy.
Session Chair: Mark Nicoll, Partner, Lane Clark & Peacock LLP
Panellists: Myles Pink, Partner, Lane Clark & Peacock LLP
Simon Lee, Head of M&S Pension Trust and Chief Investment Officer, Marks & Spencer Pension Scheme
2.45-3.15pm Network Break
3.15-4.00pm Professional Trustee Panel
What are the key challenges currently facing Trustees and what can the asset management industry do to help.
Session Chair: Craig Brown, Institutional Distribution Director, Mobius Life Limited
Panellists: Giles Payne, Professional Trustee, Capital Cranfield
Robert Thomas, Director, Law Debenture
Nita Tinn, Client Director, Independent Trustee Services
4.00-4.45pm Keynote Speaker – Janette Weir, Owner & Director, Ignition House
As asset managers, it’s often easy for us to forget the people we are actually investing pension money for. In this keynote session, Janette Weir of Ignition House, a research company which provides actionable research to both the public and private sectors, will share with us some insights into pension scheme members and what they really think. She’ll cover what people think about their pensions and whether they have trust in them, how members have responded to Freedom and Choice and the drivers behind their behaviour so far, as well as member views on ESG issues.
4.45-5.45pm Hot Table Networking
Your opportunity to speak directly to speakers, consultants and asset owner ‘hot-table’ hosts about the issues discussed in the second part of the conference.
5.45-8.00pm Networking Drinks Reception
Registration is open to both members and non-members. The cost of the first delegate from a member firm is £500 + VAT, the second delegate is £400 + VAT and for non-member delegates the cost is £1000 + VAT.
We do hope you will be able to attend what promises to be an interesting and informative conference and superb networking opportunity.
To register, you will need your personal login details.