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Wednesday 08 March

 

10:00

Registration and exhibition open

10:30-13:00

TRUSTEE LEARNING ZONE

View details here

10:30-13:00

FRINGE MEETINGS

View details here

12:00 - 14:00

Lunch served in the exhibition hall

13:25 - 13:45

LEARNING HUB IN EXHIBITION HALL: CURRENT DEVELOPMENTS IN UK INFRASTRUCTURE

Why there are still investment opportunities and why the sector can still be a positive element of a pension scheme asset allocation.  
 Mike Weston, Chief Executive, Pensions Infrastructure Platform

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 TreasuryLive web stream

Chaired by Joanne Segars, Chief Executive, PLSA

15:05 - 15:50

Refreshments served in the exhibition hall

15:15 - 15:35

LEARNING HUB IN EXHIBITION HALL: FACE TO FACE WITH... ED BALLS

The star of Saturday night TV stays on longer than you expected as he joins us for more Q&A on the exhibition hall stage.

PLENARY 3

15:50-16:30

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 ManagementLive web stream

Chaired by Joanne Segars, Chief Executive, PLSA

PLENARY 4

16:30-17:30

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, US Managing Editor, Financial TimesLive web stream

Chaired by Joanne Segars, Chief Executive, PLSA 

17:35 - 18:20

LEARNING HUB IN EXHIBITION HALL: THE AUTOMATIC ENROLMENT REVIEW: VIEWS PLEASE

The DWP's automatic enrolment review is now in full swing, with advisory groups set up to look at coverage, contributions and member engagement. This is an early chance to give your views to members of the review team and the three advisory group chairs, Chris Curry, Jamie Jenkins and Ruston Smith.

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

 

07:00 - 08:00

 

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

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)

07:45

Registration open

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
David Taylor, General Counsel, Pension Protection FundLive web stream
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

With the triggering of Article 50 imminent and the untangling of the UK from Europe set to begin, 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

10:55 - 11:15

LEARNING HUB IN EXHIBITION HALL: FACE TO FACE WITH... LORD FINKELSTEIN

The Learning Hub becomes a Fink Tank for an extended Q&A with the journalist and politician.

STREAM
SESSION 1

DB
STREAM
.

sponsored by: 

logo

Media partner:

Logo

DC
STREAM
.

 sponsored by:

 BlackRock logo

Media partner:

logo

INVESTMENT GOVERNANCE & CULTURE STREAM

 sponsored by:

Linklaters logo

Media partner:

PensionsAge

NEW
HORIZONS
STREAM

 sponsored by:

Jupiter logo

Media partner:

PensionsExpert 

11:30 - 12:10

ARE TRADITIONAL PENSION INVESTMENT STRATEGIES APPROACHING THEIR RETIREMENT?

In recent years we've seen insurance companies broadening their investment strategies to include allocations to socially and economically useful initiatives, such as infrastructure projects, housing and urban regeneration. These new forms of investment have enabled insurance companies to offer pension schemes more favourable buy-in and buyout pricing. With a fresh approach to pension investments, can schemes fast forward their long term de-risking objectives to achieve better outcomes and more security over their members' benefits?
Chris DeMarco, Managing Director of UK Pension Risk Transfer, Legal & General 
John Towner, Head of Origination, UK Pension Risk Transfer, Legal & General

Chaired by Nicola Mark, PLSA DB Council

THE EVOLUTION OF BETA

A combination of low growth outlook, cost pressures, rising volatility and higher correlations means some traditional DC investment approaches have struggled to keep up, while value for money also remains front of mind. Developments in factor investing and other forms of alternative beta are now being used by institutional investors to address some of these challenges. How can DC scheme trustees can update their approach to beta to deliver better outcomes for their members?

Rachel Lord, EMEA Head for iShares and Index Investments, BlackRock
Manuela Sperandeo, EMEA Head of Specialist Sales for iShares and Index Investments, BlackRock

John Stannard, Client Director, Capital Cranfield

Client Director, Capital Cranfield

Chaired by Nigel Peaple, Deputy Director DC, Lifetime Savings and Research, 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.

Paul Cox, Investment Adviser, NEST Corporation
Luke Hildyard, Policy Lead: Corporate Governance, PLSA
Rachel McEwen, Director of Sustainability, SSE

Chaired by Richard Butcher, Chair, PLSA DC Council

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.

John Belgrove, Senior Partner, Aon Hewitt
Dr Iain Clacher, Associate Professor in Accounting and Finance, Leeds University Business School
Hannah Lewis, Director, Behave London

Chaired by Ruston Smith, Board member, PLSA

Live web stream

Please indicate your preferred stream sessions when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the sessions if you have not done so already.  

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 CEOLive web stream

Chaired by Lesley Williams, Chair, PLSA

13:00 - 14:15

Lunch served in the exhibition hall

13:10 - 13:30

LEARNING HUB IN EXHIBITION HALL: FACE TO FACE WITH... MARGARET HEFFERNAN

A chance to talk to the leading author following her plenary appearance. Do you dare to disagree?

13:45 - 14:05

LEARNING HUB IN EXHIBITION HALL: BREAKING BOUNDARIES, GO GLOBAL

For well over a decade UK pension funds have invested much of their equity allocation globally, convinced about the ability of better diversification to reduce risk, and a wider opportunity set to add value. Despite the success of this approach a significant home bias continues in the investment of fixed income assets. We discuss why we think this global approach can be used to good effect more widely - Pilar Gomez-Bravo, Portfolio Manager, MFS

STREAM
SESSION 2 & 3

DB
STREAM
.

 sponsored by:

logo

Media partner:

Logo

DC
STREAM
.

sponsored by:

BlackRock logo

Media partner:

 logo

INVESTMENT GOVERNANCE & CULTURE STREAM

sponsored by:

Linklaters logo

Media partner:

 PensionsAge

NEW
HORIZONS
STREAM

 sponsored by:

Jupiter logo

Media partner:

PensionsExpert 

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.

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

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
Live web stream

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 Fund 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, Former Chair, PLSA

Live web stream

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


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 Joe Dabrowski, Head of Investment and Governance, PLSA

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

Please indicate your preferred stream sessions when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the sessions if you have not done so already.  

15:40 - 16:25

Refreshments served in the exhibition hall

15:55 - 16:15

LEARNING HUB IN EXHIBITION HALL: DB TASKFORCE - UNDER THE HOOD

Another chance to hear about the findings and work of the DB Taskforce - Joe Dabrowski, Head of Investment and Governance, PLSA

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.Live web stream

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

Kindly sponsored by BNP Paribas

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

Dress code: lounge suits

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 event if you have not done so already.

  

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?

Ciaran Barr, Investment Director, RPMI Railpen
Saker Nusseibeh, Chief Executive, Hermes Investment ManagementLive web stream
Carl Tannenbaum, Chief Economist, Northern Trust

Chaired by Joanne Segars, Chief Executive, PLSA 

11:00 - 11:40

Refreshments served in the exhibition hall

11:10 - 11:30

LEARNING HUB IN EXHIBITION HALL: FACE TO FACE WITH... JAMES RUBIN

Another opportunity to hear what really goes on in American politics. And there is plenty to talk about.

Plenary 12

11:40-12:20

BREAKING THE MIRROR IMAGE

Diversity on boards has been a major theme of government policy for several years. Looking at gender alone, the make-up of governance boards is 83% male. We know that diverse boards make for more effective boards and better performing companies.  The PLSA is committed to widening diversity in the pensions industry.  Find out about our new campaign and also a bit about yourself with our revealing quiz..

Chris Hitchen, Chief Executive, RPMI
Helena Morrissey, Chair of the Investment Association and the Diversity Project
Lesley Titcomb, Chief Executive, The Pensions RegulatorLive web stream
Lesley Williams, Chair, PLSA
Chaired by Joanne Segars,
Chief Executive, PLSA

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.