09:00 - 09:30
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Registration and refreshments served
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Plenary 1
09:30 - 09:40
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introduction and welcome
Richard Butcher, Chair, PLSA |
Plenary 2
09:40 - 10:10
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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
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Plenary 3
10:10 - 10:40
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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
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10:40 - 11:10
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Refreshment break
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Plenary 4
11:10 - 12:00
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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
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Stream Session 1
12:05 - 12:50
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12:50 - 13:50
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Lunch served
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Plenary 5
13:50 - 14:30
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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
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Stream Session 2
14:35 - 15:20
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15:20 - 15:50
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Refreshment break
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Plenary 6
15:50 - 16:30
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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
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Plenary 7
16:30 - 17:00
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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
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Plenary 8
17:00 - 17:05
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closing remarks
Richard Butcher, Chair, PLSA
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