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Wednesday 08 March

 

10:00

Registration and exhibition open

10:30-13:00

TRUSTEE LEARNING ZONE

Details coming soon...

10:30-13:00

FRINGE MEETINGS

Details coming soon....

12:00 - 14:00

Lunch served in the exhibition hall

PLENARY 1

14:00 - 14:20

Chair's introduction and welcome

Lesley Williams, Chair, PLSA

PLENARY 2

14:20-15:05

LIVING IN POLITICS

A key figure in a pivotal period of our history and a man who is no stranger to the great battles of politics, to professional challenges and disappointments, and to unexpected public adoration gives us his insight into the way things happen and what to do when they don’t happen the way you expected.

Ed Balls, Former Shadow Chancellor and Chief Economic Advisor to the UK Treasury

Chaired by Lesley Williams, Chair, PLSA

15:05 - 15:50

Refreshments served in the exhibition hall

PLENARY 3

15:50-16:50

THE DISRUPTED WORLD

Our world is fractured and unstable: anti-expert, post-truth, post-Referendum but still pre-Article 50, with uncertain financial and physical borders, at the mercy of cyber tribes. The US Managing Editor of the FT and author of The Silo Effect talks about why it is crucial to take a joined up view of what lies ahead for the political economy.

Gillian Tett, Financial Times US Managing Editor

Chaired by Joanne Segars, Chief Executive, PLSA 

PLENARY 4

16:50-17:30

THE CEO INTERVIEW

A leading voice in business talks to us about how asset managers can adapt to change and keep providing for investors in unprecedented times of political and economic rebalancing, technological progress and regulatory scrutiny.

Martin Gilbert, Chief Executive, Aberdeen Asset Management

Chaired by Joanne Segars, Chief Executive, PLSA  

17:35 - 18:30

WELCOME DRINKS RECEPTION IN THE EXHIBITION HALL

Kindly sponsored by Marketing Edinburgh

18:30

Close of conference for the day

 

Thursday 09 March

 

07:45

Registration open

07:00 - 08:00

PLSA MORNING 5K RUN SPONSORED BY PTL - ALL ABILITIES WELCOME

This will be a 5k run in Holyrood Park around Arthur’s Seat

Refreshments will be served following the run
Open to everyone that has registered for the conference. Pre-registration is essential (to book please click
here)

08:00-08:45

PLSA FUND MEMBER BREAKFAST - INVESTMENT CONFERENCE SPECIAL

Hear the latest policy updates and share your own scheme's perspective with the PLSA's in-house team. Buffet breakfast and good conversation included.

Open to PLSA fund members only. Pre-registration essential. Please indicate your wish to attend when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the session.

09:00

Exhibition open 

PLENARY 5

09:10 - 10:15

GETTING BETTER OUTCOMES

The Chair of the DB Taskforce presents the Taskforce’s recommendations to address the challenges facing DB schemes and debates them with a panel of key figures in the industry and government.

Ashok Gupta, Chair, DB Taskforce
Charlotte Clark, Director - Private Pensions and Stewardship, DWP
Chris Hitchen, Chief Executive, RPMI
Lesley Titcomb, Chief Executive, The Pensions Regulator

Chaired by Joanne Segars, Chief Executive, PLSA 

PLENARY 6

10:15 - 10:45

THE FATE OF THE NATION

A little over three weeks before the Government triggers Article 50 and begins untangling the UK from Europe, how do we prepare for and interpret the events ahead of us? A man who understands politics explains.

Lord Finkelstein, Journalist and Politician

Chaired by Joanne Segars, Chief Executive, PLSA 

10:45 - 11:30

Refreshments served in the exhibition hall

STREAM
SESSION 1

DB
STREAM
.

sponsored by: 

 TBC

DC
STREAM
.

 sponsored by:

 BlackRock logo

INVESTMENT GOVERNANCE & CULTURE STREAM

 sponsored by:

 Linklaters logo

NEW
HORIZONS
STREAM

 sponsored by:

 Jupiter logo

11:30 - 12:10

DETAILS COMING SOON...

DEBATING DISCLOSURE: THE NEW FRAMEWORK FOR TRANSPARENCY OVER COSTS AND CHARGES

The Investment Association are introducing a new disclosure framework for costs and charges. This is a potentially useful resource for savers and pension funds wanting to achieve better value and understand where their money savings are going. However, much will depend on the detail and adoption of the framework. What disclosures should it cover and how can uptake be encouraged?

Teresa Fritz, Member of the Financial Services Consumer Panel
Jonathan Lipkin, Director, Public Policy, Investment Association
Chaired by Graham Vidler, Director or External Affairs, PLSA

UNDERSTANDING THE WORTH OF THE WORKFORCE: INCORPORATING CULTURE AND EMPLOYMENT PRACTICES INTO INVESTMENT STEWARDSHIP

A company’s workforce is critical to its long-term prospect of success, yet employee-related issues are rarely discussed in corporate reporting. The PLSA produced a toolkit in Summer 2016 identifying the type of information that investors need about the corporate cultures and employment models of the companies they invest in. Participants in the project discuss progress since the publication of the toolkit.

Luke Hildyard, Policy Lead: Corporate Governance, PLSA
Rachel McEwan, Director of Sustainability, SSE
Chaired by tbc 

TRUSTEE BEHAVIOURS AND BIASES

Lessons from behavioural economics are being increasingly applied to decision-making processes in the corporate world, but are equally relevant to pensions. Real life case studies and wider research show how trustees behavioural biases and perceptions can influence a range of investment-related matters, including their approach to costs and value, investment risk and return and manager selection.

Tim Giles, Head of UK Investment Consulting, Aon Hewitt
Hannah Lewis, Director, Behave London

Chaired by Ruston Smith, Board member, PLSA


Plenary 7

12:15 - 13:00

WHY DO WE NEED MORE THAN ONE POINT-OF-VIEW?

Groupthink, wilful blindness, fear of disagreement, fear of the unknown. They make us do things the way we’ve always done them – and oblivious to risk, unproductive, unrealistic and…bored. A leading entrepreneur, Chief Executive and business writer explains why real collaboration means valuing every voice and how it can help us do things better.

Margaret Heffernan, Business Author and Former CEO

Chaired by Lesley Williams, Chair, PLSA

13:00 - 14:15

Lunch served in the exhibition hall

STREAM
SESSION 2 & 3

DB
STREAM
.

 sponsored by:

 TBC

DC
STREAM
.

sponsored by:

 BlackRock logo

INVESTMENT GOVERNANCE & CULTURE STREAM

sponsored by:

 Linklaters logo

NEW
HORIZONS
STREAM

 sponsored by:

 Jupiter logo

14:15 - 14:55

DB TASKFORCE: THE SOLUTIONS

The PLSA’s DB Task Force has undertaken a detailed, year-long inquiry into the future of defined benefit schemes. Taskforce members delve into the recommendations in their final report and discuss possible ways forward that could meet the needs and expectations of the different stakeholders.

Stephen Soper, Senior Policy Adviser, PwC
Kevin Wesbroom, Principal Consultant, Aon Hewitt
Tim Sharp, Policy Officer, Economic and Social Affairs Department, TUC

Chaired by Joe Dabrowski, Head of Investment and Governance, PLSA

DC AND ESG: ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISK IN DC PENSION SCHEMES

There is a growing body of evidence suggesting that incorporating Environmental, Social and Governance factors into investment decisions is not just a form of virtue signalling, but an effective means of minimising risk and improving returns. A new report for the PLSA by Sustainalytics examines the scale of DC customers ESG risk exposure.

Doug Morrow, Associate Director, Sustainalytics
Mark Thompson, CIO, HSBC

Chaired by Francois Barker, PLSA DC Council


CRITICAL FRIENDS – THE NEED FOR STRAIGHT TALKING

Advisers’ commercial interests can stop them giving Chairs and trustees the challenging and sometimes critical feedback they need to improve. What lessons do other organisations – from local schools to multi-national corporations – provide that pension funds can draw upon to improve their governance?

Chris Hogg, Chief Executive, Royal Mail Pensions Trustees
Paul Richards, Director of Strategy, Redington

Chaired by Arno Kitts, PLSA DB Council

OPPORTUNITY AND RISK IN A FAST-CHANGING WORLD

One of the investment industry’s most influential figures leads an interactive discussion looking at the challenges and opportunities deriving from the profound economic, demographic and technological transformations sweeping the globe and the implication of these trends in terms of the link between demographics and financial assets. How should pension asset owners and managers navigate this fast-changing environment in order to deliver sustainable returns over a long term investment horizon?

Edward Bonham Carter, Vice Chair, Jupiter Asset Management

Chaired by Frank Johnson, Chair, PLSA DB Council

15:00 - 15:40

DB: YOUR FLEXIBLE FRIEND?

The solvent restructuring of the Halcrow Group Pension Scheme is a landmark transaction for the pensions industry – only the second of these types of restructurings to have completed and the first where the employer was not already insolvent. The independent trustee of the scheme, and the legal adviser to the trustees throughout, will unpick the mechanics of the project and highlight the wider implications for DB schemes in the wake of the Select Committee report and forthcoming Green Paper.

Faith Dickson, Partner, Sackers
Chris Martin, Managing Director, Independent Trustee Services

Chaired by Peter Thompson, Trustee Executive, BESTrustees

Details coming soon...

DO TRUSTEES NEED TO BE INVESTMENT EXPERTS?

Recent high-profile cases have brought a renewed focus on governance of pension schemes, raising questions on whether trustees are “up to the job”. Many pension schemes still have a majority of lay trustees with little or no prior expertise in investment matters. How much do trustees actually need to know about investments, to satisfy their legal obligations? Can they delegate responsibility, or rely on their managers and advisors, and do advisers do enough to protect their trustees? What steps are schemes taking to strengthen their investment governance?

Geoff Egerton, Managing Associate, Linklaters
Sarah Smart, Chair of the Trustee Board, TPT Retirement Solutions

Chaired by tbc

COUNTING CARBON: POTENTIAL CLIMATE REPORTING REQUIREMENTS

The establishment of the Financial Stability Board Task Force on Climate Disclosure has important implications for the investment industry. The potential instability resulting from climate change and the policy response from governments around the world will radically change the attractiveness of certain investment propositions. Investors, including pension funds, will have to consider how they understand and articulate their climate risk exposure.

Jennifer Anderson, Responsible Investment Officer, TPT Retirement Solutions
Russell Picot, Special Adviser, Financial Stability Board Task Force

Chaired by Faith Ward, Chief Responsible Investment and Risk Officer, Environment Agency Pension Fund

15:40 - 16:25

Refreshments served in the exhibition hall

PLENARY 8

16:25 - 16:45

IMPROVING GOVERNANCE, ENHANCING VALUE

Good governance is crucial to delivering value for members and public confidence in pension funds. But what does it require in terms of people, processes, incentives and oversight? Hear the PLSA view on the evolution of trusteeship and governance and what it means for pension funds’ interactions with the wider investment chain.

Joanne Segars, Chief Executive, PLSA

PLENARY 9

16:45-17:30

AFTER THE ASSET MANAGEMENT MARKET STUDY – WHAT DO THE FINDINGS MEAN FOR PENSION FUNDS?

The FCA will complete its review of the Asset Management Market. The conclusions will have profound implications for a market that both provides key services but charges significant costs to pension funds.

Christopher Woolard, Director of Strategy and Competition, FCA

Chaired by Graham Vidler, Director of External Affairs, PLSA

17:45

Close of conference for the day

19:30-23:00

CONFERENCE GALA DINNER AT THE NATIONAL MUSEUMS OF SCOTLAND

After-dinner entertainment: Lucy Kellaway, author and FT columnist

Dress code: lounge suits 

  

Friday 10 March

 

09:00

Registration and exhibition open

Plenary 10

09:25-10:15

STORM IN THE USA

It was a bitter electoral fight and its effects will rock America and the world for years to come. Almost halfway into the new President’s first 100 days, a former US Assistant Secretary of State and member of Hillary Clinton’s team during her first presidential campaign, gives an insider’s view on what just happened and what it means for the future.

James Rubin, Journalist and Former Diplomat

Chaired by Joanne Segars, Chief Executive, PLSA 

Plenary 11

10:15 - 11:00

FACING THE HEADWINDS: INVESTORS AND THE ECONOMIC OUTLOOK

Brexit uncertainties endure, sustained global growth remains elusive and climate change threatens to further destabilise already volatile regions. Meanwhile, investors remain charged with providing an ageing population with secure incomes in their increasingly lengthy later lives. What are leading industry figures’ biggest concerns for the future and how are they staying ahead of the challenge?

Saker Nusseibeh, Chief Executive, Hermes Investment Management
Clare Scott, Chief Executive, Lothian Pension Fund
Carl Tannenbaum, Chief Economist, Northern Trust

Chaired by Joanne Segars, Chief Executive, PLSA 

11:00 - 11:40

Refreshments served in the exhibition hall

Plenary 12

11:40-12:20

DETAILS COMING SOON...

 

Plenary 13

12:20-13:00

HAVE WE LOST REASON?

The major political events of the last twelve months have been shaped by populist voices of dissatisfaction. Have we witnessed a revolution, or have we just lost our way? And how can we reason our way through turbulent times?

AC Grayling, Master of the New College of the Humanities and Supernumerary Fellow of St Anne's College, Oxford

Chaired by Lesley Williams, Chair, PLSA

13:00-13:05

CONFERENCE REVIEW AND ROUND UP

Lesley Williams, Chair, PLSA

13:05-14:00

Lunch in the exhibition hall and close of conference

Pensions and Lifetime Savings Association reserves the right to amend the programme.
This conference qualifies for up to 7 hours CPD under the PMI CPD Scheme and may qualify for CPD hours under the schemes of other professional bodies.