Programme

Print

 

 Book places #PLSAinvest

Wednesday 09 March

 

09:30

Registration and exhibition open

10:00-13:00

Trustee Learning Zone
View details here

10:00-13:00

Fringe meetings
View details here

12:00 - 14:00

Lunch in the exhibition hall - View Academy Learning Hub sessions here

Plenary 1
14:00-14:15

Chair's introduction and welcome
Lesley Williams, Chair, Pensions and Lifetime Savings Association

Plenary 2
14:15-15:00

Connecting the world

The inventor of the world-wide web shares his vision of how the internet will shape our lives, our work and global financial markets in an uncertain world.

Sir Tim Berners-LeeFounding Director, World Wide Web Foundation @timberners_lee
Chaired by Rory Cellan-Jones, Technology Correspondent, BBC

15:00 - 15:40

Refreshment break in the exhibition hall - View Academy Learning Hub sessions here

Plenary 3
15:40-16:40

Financial Conduct Authority market study - where is the market failing pension funds?
Is the asset management market working for pension schemes and their members? We'll hear the latest on the FCA's market study and reactions from three leading market participants.

Tracey McDermott, Interim Chief Executive Officer, Financial Conduct Authority
Robert Brown, Chairman, Global Investment Committee, Willis Towers Watson
Chris Hitchen, Chief Executive, RPMI
Andrew Stephens, Managing Director, BlackRock

Chaired by Graham Vidler, Director of External Affairs, Pensions and Lifetime Savings Association

Plenary 4
16:40-17:30

Remain or leave - UK, EU and the future

As the UK approaches its biggest political decision for years, a pollster assesses the state of public opinion on potential Brexit and protagonists from both sides make their case.
Ben ShimshonCo-Founder & Director, Britain Thinks @BenShimshon
Roger Bootle, Managing Director, Capital Economics
Dr Andrew SentanceSenior Economic Adviser, PwC

Chaired by Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association

17:30-18:15

Welcome drinks reception in the exhibition hall
Kindly sponsored by Marketing Edinburgh

18:15

Registration and exhibition closes

 

Thursday 10 March

 

07:45

Registration open

07:00-08:00

Morning run sponsored by PTL – all abilities welcome

Choose from two running distances; a 5k Edinburgh City highlights route, or for the keen runner an extended 10K is available.  Refreshments will be served following the run.

Open to everyone that has registered for the conference. Pre-registration essential (to book please click here)

08:00-08:45

Fund member breakfast - Investment Conference special

The weekend’s papers suggest that the reform of pension tax relief has been pushed off the agenda ahead of next week’s Budget. Will this be the last we hear of the proposals? Joe Dabrowski and Tim Gosling will talk through the politics and policy implications of tax reform as well as other current issues in DB and DC pensions policy.

Open to fund members only. Pre-registration essential (to book please click here)

09:00

Exhibition open 

Plenary 5
09:00-09:20

Defining disruption

How do we make the investment markets work for pension funds? Do we need to change the way we access them, the regulations that govern them or the way we think about our investment goals? Joanne Segars sets out how the Association sees efficient markets working.

Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association @JoanneSegars 

Plenary 6
09:20-10:05

What's keeping you up at night?

China, interest rates, stranded assets, the impending referendum on Brexit: there's plenty on investors' minds right now. We ask leading CIOs and a Chief Risk Officer what's worrying them and how they're fixing it?
Mark Fawcett, Chief Investment Officer, NEST
Faith Ward, Chief Risk Officer, Environment Agency Pension Fund
Robert Waugh, Chief Investment Officer, RBS
Chaired by Lesley Williams, Chair, Pensions and Lifetime Savings Association

Plenary 7
10:05-10:50

What is finance for?

Leading economist, chair of the Review UK Equity Markets and Long-Term Decision Making and author of Other People's Money looks at the structure and operation of the financial sector and its lessons for pension funds as managers of other people's money.
John Kay @johnkay
Chaired by Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association 

10:50-11:30

Refreshment break in the exhibition hall - View Academy Learning Hub sessions here

STREAM SESSION 1

DB
STRATEGIES

Sponsored by:

logo
Media Partner:
 portfolio institutional

 

DC
INVESTMENTS

Sponsored by:

State Street Global Advisors
Media Partner:
 Financial News

INVESTMENT GOVERNANCE

Sponsored by:

logo
Media Partner:
 PensionsAge

NEW
HORIZONS

Sponsored by:

iShares BlackRock
Media Partner:
 PensionsExpert

11:30-12:20

The improbability principle: why coincidences, miracles, and rare events happen every day
Coincidences happen, incredibly unlikely things occur, and the apparently miraculous comes about. The improbability principle says that such extraordinarily improbable events are actually commonplace. It shows that this is not a contradiction, but that we should expect identical lottery numbers to come up, to meet strangers with your name, financial crashes to occur and ESP experiments to produce positive results. 
Professor David Hand, Chief Scientific Advisor, Winton @WintonCapital
Clare Scott, Investment and Pensions Service Manager, Lothian Pension Fund
Chaired by: Kerrin Rosenberg, Pensions and Lifetime Savings Association DB Council

Retirement income - new choices, big decisions
What direction should investment design take to keep pace with changes to the post retirement landscape? Freedom and Choice has opened up a whole host of questions about what an appropriate investment strategy may look like. What does research tell us about the decisions that schemes and providers are making in light of the new changes? We reveal research on how members are making decisions on accessing their pots, and why.
Alistair Byrne, Senior DC Strategist, State Street Global Advisors
Darren Philp, Head of Policy and Market Engagement, The People's Pension @Darren_Philp
Chaired by: David Astley, Pensions and Lifetime Savings Association DC Council

Pensions investment - what if it all goes wrong?
Sometimes the inevitable happens and investments go wrong: How can schemes and their trustees best protect themselves for this eventuality? Using war stories, case studies and interactive voting, we will consider the problems and legal issues that can arise with pension scheme investments, such as manager underperformance, negligence, duty to mitigate, fire-sales and restrictions on exit.
Philip Goss, Pensions Lawyer, Linklaters @Links_Pensions
Rahul Manvatkar, Managing Associate, Investment Management Group, Linklaters 
Chaired by: Richard Butcher, Chair, Pensions and Lifetime Savings Association DC Council

The art and science of smart beta investing
The rise of data and technology is transforming the investment industry. The future of smart beta will be determined by how we blend art and science to deliver targeted investment outcomes: while factor-based investing provides the 'science' foundation, there remains a large amount of "art" in the many design choices in portfolio construction and implementation. 
Dr Andrew Ang, Managing Director, BlackRock
John St-Hill, Senior Portfolio Manager, Pension Protection Fund 
Chaired by John Walbaum, Pensions and Lifetime Savings Association DB Council

Plenary 8
12:25-13:15

In conversation with Helena Morrissey, Chief Executive, Newton Investment Management @morrisseyhelena

One of the world's greatest business leaders talks to us about improving the relationship between financial services and society, the challenges and opportunities facing the asset management industry in the age of uncertainty and what a positive corporate culture should look like.
Chaired by Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association 

13:15-14:30

Lunch in the exhibition hall - View Academy Learning Hub sessions here

STREAM SESSION 2

DB
STRATEGIES

Sponsored by:

logo
Media Partner:
 portfolio institutional

DC
INVESTMENTS

Sponsored by:

State Street Global Advisors
Media Partner:
 Financial News

INVESTMENT GOVERNANCE

Sponsored by:

logo
Media Partner:
 PensionsAge

NEW
HORIZONS

Sponsored by:

iShares BlackRock
Media Partner:
 PensionsExpert

14:30-15:20

What tools do trustees have available to add yield and diversification?
With yields remaining low but allocation to fixed income high how can schemes make their portfolios work harder? 
Ross Pamphilon, CIO and Portfolio Manager, ECM/Wells Fargo Asset Management
Chaired by David McGibbon, Pensions and Lifetime Savings Association DB Council 

Are default strategies delivering what members need?
Automatic enrolment places even more emphasis on the role of the default fund in getting good outcomes for members. Default design continues to evolve with schemes experimenting with alternative asset classes and coping with challenges - including the charge cap. We will explore how default funds are meeting members needs.
Robert Bennett, Senior Manager, Pensions Investment, Siemens
Ruston Smith, Group Pensions Director, Tesco
Chaired by: Dermot Courtier, Pensions and Lifetime Savings Association DC Council

Is there still a role for hedge funds and private equity in pension fund portfolios?
Hedge funds have performed particularly poorly of late and yet fees remain high. Similarly complaints are being directed at private equity. Do either continue to have a place in pension fund portfolios? 
Jack Inglis, Chief Executive Officer, Alternative Investment Management Association @JackInglis_AIMA
Meredith Jones, Partner and Head of Emerging Manager Research, Aon Hewitt @MJ_Meredith_J
Chaired by: Frank Johnson, Chair, Pensions and Lifetime Savings Association DB Council  

The new markets debate
In a globalised economy, are there places where the risk has now become worth the reward? We focus on areas beyond mainstream pension investment and ask whether pension funds are missing out?

On frontier markets:
Gareth Anderson, Equity Manager Research, Mercer
On regional markets and Africa: Faisal Rafi, Head of Research, RisCura Solutions
Chaired by: Francois Barker, Pensions and Lifetime Savings Association DC Council

15:20-15:50

Refreshment break in the exhibition hall - View Academy Learning Hub sessions here

STREAM SESSION 3

DB
STRATEGIES

Sponsored by:

logo
Media Partner:
 portfolio institutional

 DC
INVESTMENTS

Sponsored by:

State Street Global Advisors
Media Partner:
 Financial News

INVESTMENT GOVERNANCE

Sponsored by:

logo
Media Partner:
 PensionsAge

NEW
HORIZONS

Sponsored by:

iShares BlackRock
Media Partner:
 PensionsExpert

15:50-16:30

How can schemes collaborate most effectively?
There is ever continuing discussion about how funds can collaborate better to improve schemes operation, increase investment opportunities and drive down costs. What can existing collaborators tell us about the opportunities and challenges of pooling and what opportunities may develop?
Mike Weston, CEO, Pensions Infrastructure Platform @PensionsInfra
Dr Barbara Weber, Member of the Investment Committee, IST3 Infrastructure Investment Foundation
Chaired by Nick Greenwood, Pensions and Lifetime Savings Association DB Council 
 

Lifting the lid: understanding transaction costs
The recent focus on transaction costs shows no sign of letting up. It will be increasingly important for trustees to understand the costs of doing business and to be able to judge whether they are receiving value for members' money.
Alison Bostock, PTL Governance Advisory Arrangement @abostockptl 
Jacqui Reid, Associate Director, Sackers
Chaired by Andy Cheseldine, Pensions and Lifetime Savings Association DC Council 

The challenge of explaining complex investment issues
We will explore the challenges explaining clearly complex investment maters in order that managers can be held to account through a model trustee meeting with an investment manager.
Richard Butcher, Managing Director, PTL @RButcherptl
Sorca Kelly-Scholte, Managing Director, J.P. Morgan Asset Management
Julian Samways, Managing Director, JPES Partners @JPESPartners
Chaired by Emma Douglas, Pensions and Lifetime Savings Association DC Council 

Smarter investing - can technology really make a difference?
Some of the most tech-savvy pension funds are using the latest processes to help them set investment strategies and select asset managers. This is your opportunity to quiz an investor and an innovator on how to get the maximum value from the latest techniques.
Christophe Frerebeau, Head of EMEA, eVestment @cfrerebeau
Padmesh Shukla, Head of Pensions Investment, Transport for London
Chaired by James Walsh, Policy Lead: EU and International, Pensions and Lifetime Savings Association

Plenary 9
16:35-17:30

The climate challenge: investing for tomorrow's pensioners

Global instability resulting from climate change represents an increasingly urgent threat to prosperity. World leaders are under growing pressure to take action. Against this backdrop, what constitutes a sustainable investment strategy, capable of averting the wrath of policymakers, public and planet?

Christiana Figueres, Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC) @CFigueres
Jane Ambachtsheer, Partner and Global Head of Responsible Investment, Mercer @JAmbachtsheer

David Adkins, Chief Investment Officer, The Pensions Trust
Donald MacDonald, Chair, Institutional Investors Group on Climate Change
@DonaldMacDona18

Chaired by Kiran Stacey, Energy Correspondent, Financial Times

17:30-18:15

Launch of two new Pensions and Lifetime Savings Association made simple guides
Multi-Asset Credit Made Simple sponsored by Eaton Vance
Systematic Investing Made Simple
sponsored by Winton

18:15

Registration and exhibition closes 

19:30-23:00

Conference Gala Dinner kindly sponsored by Aon
After-dinner speaker: Dara O'Briain, Comedian and television presenter
Venue: National Museums of Scotland | Dress code: lounge suits
 

  

Friday 11  March

 

 09:00

Registration  and exhibition open

Plenary 10
09:30-10:15

Understanding uncertainty and risk

Pensions upheaval means the challenge of understanding risk increasingly falls to individual savers rather than professionals. How should we help them? Do numbers, pictures or words work best? And what lessons can we learn from communications about other topics, from statins to severe weather?

Professor Sir David Spiegelhalter, Winton Professor of the Public Understanding of Risk @d_spiegel

Chaired by Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association 

Plenary 11
10:15-11:00

Coping with crisis

Charismatic and controversial, the central player in the Greek economic drama gives the inside story on the battle to keep his country in the Euro and shares his view of how to deal with a low-growth, low interest rate world economy.

Yanis Varoufakis, former Minister of Finance, Greece @yanisvaroufakis

Chaired by Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association

11:00 - 11:35

Refreshment break in the exhibition hall - View Academy Learning Hub sessions here

Plenary 12
11:35-12:20

Would savers and the economy benefit from further disruption in the asset management industry?

Asset managers are under scrutiny as never before. A major FCA market study will report in 2017. But with innovation and new technology driving down costs and giving savers more control, is the industry already doing enough to raise its game? Or is further disruption needed to benefit savers and the wider economy?
Nicola HorlickFounder and Chief Executive Officer, Money&Co @NicolaHorlick
Nick HungerfordDirector and Chief Executive Officer, Nutmeg @nickhungerford
Euan Munro, Chief Executive Officer, Aviva Investors 

Chaired by Lesley Williams, Chair, Pensions and Lifetime Savings Association 

Plenary 13
12:20-13:00

Power

As complex struggles for dominance rage within political parties, within and between nations and across continents, how do we make sense not just of events themselves but of their meaning? Simon Schama brings a passion for the past to bear on our interpretation of the present, and helps us understand the powers shaping the future.

Professor Simon Schama, Historian @simon_schama

Chaired by Lesley Williams, Chair, Pensions and Lifetime Savings Association 

13:00-13:10

Conference review and round up
Lesley Williams, Chair, Pensions and Lifetime Savings Association

13:10-14:00

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.