2018 speaker presentations

2018 SPEAKER PRESENTATIONS

Speakers' PowerPoint presentations in PDF format, where permission to circulate has been given, are available below.

 Thursday 6 December

09:00 - 09:30

Registration and refreshments served

Plenary 1
09:30 - 09:40

introduction and welcome

Richard Butcher, Chair, PLSA 

Plenary 2
09:40 - 10:10

PATIENT CAPITAL IN IMPATIENT TIMES

The Exchequer Secretary to the Treasury launches our trustee guide on patient capital and illiquid investment within his presentation on the role of pensions with regard to long-term investment in innovative firms and the economy. We will also discuss the latest regulatory and policy changes necessary to support investment of this type.
Robert Jenrick MP, Exchequer Secretary to the Treasury
Chaired by: Caroline Escott, Policy Lead: Investment & Stewardship, PLSA

Plenary 3
10:10 - 10:40

VIEW FROM THE REGULATOR -  EXPECTATIONs OF TRUSTEES

The recent DB white paper gave TPR additional powers to enact its new ‘clearer, quicker, tougher’ approach to scheme regulation, as well as the ability to punish risky behaviour by sponsors. How can trustees work together with the regulator to ensure the health of their scheme?
Fiona Frobisher, Head of Policy, The Pensions Regulator
Chaired by: Richard Butcher, Chair, PLSA 

10:40 - 11:10

Refreshment break

Plenary 4
11:10 - 12:00

ENDANGERED SCHEME SIMULATION

Your sponsor’s in the news with a bad earnings report. They assure you everything is okay, but the gap between your scheme’s assets and liabilities is widening while the share price declines. This interactive session will help trustees identify the next steps to take in this situation.

Fiona Frobisher, Head of Policy, The Pensions Regulator
Jane Higgins, Partner,  Allen & Overy

Jessica Kerslake, Counsel, Allen & Overy

Francesca Parnell, Senior Associate, Allen & Overy

Chaired by: Richard Butcher, Chair, PLSA 

Stream Session 1
12:05 - 12:50

investment
STREAM

Sponsored by

EXAMINING THE FINANCIAL MATERIALITY OF ESG FACTORS

With the forthcoming strengthening of trustee investment duties around environmental social and governance risks and opportunities, what are financially material ESG factors? How should trustees be thinking about them?  What are the best ways for schemes to implement stewardship policies?

Stuart O'Brien, Partner, Finance & Investment, Sackers
Masja Zandbergen, Head of ESG Integration, Robeco
Chaired by: Caroline Escott, Policy Lead, Investment and Stewardship, PLSA

 

Effective Trusteeship
STREAM

Sponsored by 

the db pension odyssey

Defined benefit pension plans are entering an era of run-off and are now a legacy financing issue. We present a high-level case study to highlight alternative run-off options and various strategies that can be employed to ensure schemes reach their stated destination efficiently and effectively.
Chris Ramsey, Associate and Senior Consulting Actuary, Barnett Waddingham
Chaired by: James Walsh, Policy Lead: Engagement and EU, PLSA

 

CONSOLIDATION
STREAM

Sponsored by

UNDERSTANDING DB CONSOLIDATION OPTIONS

Many in our industry believe that the DB market, particularly for small schemes, would function better if the inter-related factors of scale, poor governance and high costs were tackled. But with many different flavours of consolidation available, how can trustees evaluate which is right for their scheme?
Susan McIlvogue, Head of Trustee DB Consulting, Hymans Robertson
Adam Saron, Chief Executive Officer, Clara Pensions

Chaired by: Joe Dabrowski, Head of DB, LGPS and Standards, PLSA

 

 

12:50 - 13:50

Lunch served

Plenary 5
13:50 - 14:30

TRUSTEE RESPONSES TO THE DB WHITE PAPER 

The DWP’s DB white paper spells out new areas of responsibility for trustees, coupled with potentially significant new powers. What difference would these changes make, and are they likely to achieve the objectives the government wants? We will consider the different angles, including the legal, trustee and sponsor perspectives.

Alison Bostock, Client Director, PTL
Däna Burstow, Consultant, Allen & Overy
Steven Dicker, Chief Actuary, PwC

Chaired by: Richard Butcher, Chair, PLSA

Stream Session 2
14:35 - 15:20

INVESTMENT
STREAM 

Sponsored by

CLARIFYING AND STRENGTHENING TRUSTEES' INVESTMENT DUTIES

New regulations from the DWP require trustee boards to state their policies on materially financial considerations, including climate change and other ESG issues within their Statement of Investment Principles.  What should trustees understand about these new requirements? Is this a practical solution for encouraging schemes to consider long-term financial risks?

David Farrar, Senior Policy Manager, DWP
Jennifer O'Neill, Responsible Investment Specialist, Aon

Chaired by: Caroline Escott, Policy Lead: Investment & Stewardship, PLSA

EFFECTIVE TRUSTEESHIP
STREAM

Sponsored by 

GETTING THE MOST OUT OF YOUR BOARD’S SUPPLIERS

Trustees engage many types of providers, including consultants, investment managers, actuaries, administrators and solicitors. With most boards meeting just four times per year, how can scheme boards accurately measure the performance and value for money of their suppliers? How do you know when it’s time for a change?

Alan Gander, Member-Nominated Trustee, Lendlease

Jo Myerson, Trustee Director, Ross Trustees
Barbara Saunders, Managing Director, River and Mercantile Solutions

Chaired by: David Weeks, Co-Chair, Association of Member Nominated Trustees

 

CONSOLIDATION
STREAM

Sponsored by

NEXT STEPS FOR CONSOLIDATION

Your scheme has decided to consolidate. It’s time to understand the processes and questions that come into play after choosing a solution and transferring the obligation effectively to the selected provider, including data preparation, transitioning investments and administration, dealing with incumbent advisers and member communications.

Adolfo Aponte, Director, Lincoln Pensions
Adrian Cooper, Head of Direct Distribution, TPT Retirement Solutions

Chaired by: Angus Peters, Associate Editor, Pensions Expert

 

 

15:20 - 15:50

Refreshment break

Plenary 6
15:50 - 16:30

ANTICIPATING THE IMPACT OF MERGERS AND ACQUISTIONS ON SCHEMES

M&A activity increased in 2018, with the strong deal market likely to continue into 2019.  Trustees must evaluate the potential impact of a sale or acquisition on their scheme and on covenant, often without adequate time or information. What do trustees need to know before giving their consent to a deal?
Donald Fleming, Partner, RSM; Chair, Employer Covenant Working Group
Martin Kellaway, Executive Director, OPDU; Trustee Chair, Chartered Institute of Management Pension Scheme

Stephen Postill, Senior Benefits Consultant, Willis Towers Watson
Chaired by Emma Douglas, Policy Board Chair, PLSA 

Plenary 7
16:30 - 17:00

assessing the uk's political environment 

As the government continues to try to make a deal with Brussels, the political future of the UK becomes more and more murky. The author of 'All out war: The full story of how Brexit sank Britain's political class' and regular commentator on the BBC provides insight into our current politcial situation. 

Tim Shipman, Political Editor, The Sunday Times

Chaired by: Emma Douglas, Policy Board Chair, PLSA

Plenary 8
17:00 - 17:05

closing remarks

Richard Butcher, Chair, PLSA