Speaker presentations

Speaker presentations

Video of the sessions and speakers' PowerPoint presentations in PDF format, where permission to circulate has been given, are available below.

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 Wednesday 07 March

10:00

Registration and exhibition opens

10:30 - 11:30

Fringe meeting 1 - View details here
Academy Trustee Learning Zone 1 - View details here

11:30 - 12:00

Refreshment break in the exhibition hall

12:00 - 13:00

Fringe meeting 2 - View details here
Academy Trustee Learning Zone 2 - View details here

12:30 - 14:00

Lunch in the exhibition hall

12:45 - 13:15

#openplsa - join us on tHE PLSA STAND to meet our policy team

DC, Hitting the Target, and EU focus with Tim Gosling, Nigel Peaple and James Walsh

Plenary 1
14:00 - 14:10

Chair's introduction and welcome

Richard Butcher, Chair, PLSA

Plenary 2
14:10 - 14:55

10 years after the global financial crisis

The former deputy prime minister took office while the UK was still in the throes of the global financial crisis. Part of the government that led the country into a more stable fiscal position, we hear his views on what we have learned since the crisis and what more can still be improved.

Nick Clegg, Former Deputy Prime Minister 

Chaired by Richard Butcher, Chair, PLSA

PLENARY 3
14:55 - 15:25

DEMOGRAPHICS, BEHAVIOUR AND ASSET ALLOCATION

Demographic change in the UK and other nations has important implications for schemes. What are the consequences of demographic changes for flows of people and capital? We discuss the linkages between demographics, growth and public debt. What should investors understand about demographics to create the best possible asset allocation?

Amlan Roy, Global Chief Retirement Strategist, State Street Global Advisors

Chaired by Richard Butcher, Chair, PLSA

15:25 - 16:10

Refreshment break in the exhibition hall

15:35 - 15:50

LEARNING HUB IN THE EXHIBITION HALL: FACE TO FACE WITH nick clegg
Another opportunity to hear from and ask questions of the former deputy prime minister; this time in a smaller, more intimate setting

Chaired by James Walsh , Policy Lead: Engagement, EU and Regulation, PLSA

15:35 - 16:00

#openplsa - join us on the PLSA STAND to meet our policy team

Investment and governance focus with Caroline Escott and Luke Hildyard

Plenary 4
16:10 - 17:10

forecasting the next big risk

A panel of senior investment figures discuss macro and thematic risks to determine which they see as most threatening. Examples include risks from geopolitical developments, Chinese debt and stranded assets. The audience votes on their own choices both before and after the panel, allowing us to see if the speakers' comments have changed their minds.

David Adkins, Head of Investment Strategy, Lloyds Banking Group

Elizabeth Fernando, Head of Equities, USS

Simon Lee, Head of M&S Pension Trust; Chief Investment Officer, Marks and Spencer

Lucy Macdonald, Chief Investment Officer, Global Equities, Allianz Global Investors

Chaired by Mark Cobley, Investment Editor, Financial News

PLENARY 5
17:10 - 17:45

ensuring value for money in INVESTMENT management fees

The call for transparency in investment fees is louder than ever before, with asset owners and regulators pushing for disclosure of manager fees across asset classes.  Against this background, investors must continue seeking out investment advice.  With new recommendations emerging from the Industry Disclosure Working Group, what are the next steps for investors, advisors and service providers?

Piers Lowson, Director, Clients Department, Baillie Gifford
Chris Sier, Chair, Institutional Disclosure Working Group, Financial Conduct Authority
Chaired by: Philip Aldrick, Economics Editor, The Times  

17:45

Registration and exhibition closes

 

 Thursday 08 March

08:00

Registration opens

08:45

Exhibition opens

Plenary 6
09:15 - 10:15

BENEFITTING FROM THE WAGES OF SIN

The so-called 'sin' stocks - tobacco, alcohol and gambling - are often seen as solid equity performers. Is it ethical for investors to benefit from investment in companies that may harm people? Does the financial upside of these shares erase their potential for societal damage? Do shares in these equities actually outperform more sober ones over the long term?

Mark Fawcett, Chief Investment Officer, NEST

Rachel Melsom, Director, UK and Europe, Tobacco Free Portfolios

Christopher Snowdon, Head of Lifestyle Economics, Institute of Economic Affairs

Helena Viñes Fiestas, Head of Sustainability Research, BNP Paribas Asset Management

Chaired by Attracta Mooney, Investment Correspondent, Financial Times

PLENARY 7
10:15 - 11:00

TAPER WITHOUT THE TANTRUM? HOW THE END OF QE WILL IMPACT PENSIONS

The low interest rates caused by the quantitative easing helped boost the UK economy, but created a difficult investment environment for pensions. As the Bank of England slims down its asset purchase programme and begins to raise rates, pension funds, in theory, will be well-placed to benefit.  What should investors understand about the interest rate environment and its effect on their schemes?
Megan Greene, Chief Economist, John Hancock Financial Services/Manulife Asset Management
David Miles, Professor of Financial Economics, Imperial College Business School; former Monetary Policy Committee member, Bank of England
Robert Waugh, CEO and CIO, Royal Bank of Scotland Pension Fund
Chaired by Robert Brown, PLSA DB Council 
11:00 - 11:45

REFRESHMENT BREAK IN THE EXHIBITION HALL

11:10 - 11:25

LEARNING HUB IN THE EXHIBITION HALL: finding value in european private debt

Private debt has grown from a nascent investment strategy to a standalone asset class. Whilst some areas are already becoming overcrowded, tremendous investment opportunities remain and others are only just emerging. How can schemes best take advantage of this sector? What are the key attributes to look for when investing?

Stuart Fiertz, Co-Founder, President and Director of Research, Cheyne Capital; Chair, Alternative Credit Council
Chaired by Caroline Escott, Policy Lead: Investment and DB, PLSA

11:10 - 11:40

#oPEN PLSA - join us on the plsa stand to meet our chair and ceo

Put your questions to and share your ideas with our Chair, Richard Butcher, and CEO, Julian Mund

Stream Session 1
11:45 - 12:25

DB STREAM

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building a cashflow-orientated investment strategy

Many of the developed world’s defined benefit plans are in a negative cash flow position, paying out more in benefits than they are receiving in contributions. The need to service cash outflow is an additional burden for underfunded plans in a moderate growth, low return world in which rates grind slowly higher.  Closed and frozen plans have an even more daunting task. Can cashflow-driven investing help schemes meet their cashflow needs and funding challenges?

Roger Boulton, Chair of Investment Committee, Babcock International Group
Sorca Kelly-Scholte, Head of EMEA Pensions Solutions and Advisory, J.P. Morgan Asset Management
Chaired by Mark Dunne, Editor, portfolio institutional

 

DC STREAM

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evolution of the dc market

An author of the FCA’s forthcoming Retirement Outcomes Review, along with scheme representatives, discuss findings from the report, including how the 2015 introduction of the pensions freedoms has led to evolution within the retirement market, the additional challenges that remain, and potential remedies for them. 

Emma Douglas, Head of DC Solutions, Legal & General Investment Management
Jamie Jenkins , Head of Pensions Strategy, Standard Life
Mary Starks, Director of Competition and Chief Economist, Financial Conduct Authority
Chaired by Nigel Peaple, Deputy Director DC, Lifetime Savings and Research, PLSA

NEW HORIZONS STREAM

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are fixed income investors really rewarded for considering esg issues?

Environmental, social and governance issues have become an increasing area of focus for investors. Although historically contemplated from an equity investor’s perspective, ESG considerations are just as relevant for fixed income investors, although the value proposition may be less clear.  Are investors actually rewarded for considering ESG factors when making fixed income investments?  How can the incorporation of ESG factors be measured for fixed income, including specifically, within credit portfolios?
Mark Mansley, Chief Investment Officer, Brunel Pension Partnership
Dean Stewart, Head of Markets and Quantitative Research, Macquarie Fixed Income
Chaired by Sandra Wolf, Editor, Pensions Expert

 

INVESTMENT & GOVERNANCE STREAM

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getting active on owner/manager alignment

Asset owners have become misaligned with asset managers and consequently forfeit the full value of active management. Shorter-term trustee board appointments and increased pressure on asset owners may result in managers not being able to demonstrate their ability over a full investment cycle. Better owner/manager alignment will result in enhanced returns, but how can governance around manager selection be improved?  Are there accurate ways to identify, measure and monitor investment skill?

James DuberlyDirector, Pensions Investments, BBC

Carol Geremia, President and Head of Global Distribution, MFS Investment Management
Chaired by Caroline Escott, Policy Lead: Investment and DB, PLSA

plenary 8
12:35 - 13:05

VIEW FROM THE TOP - REFLECTIONS ON RUNNING A LARGE ASSET MANAGEMENT COMPANY

A serial inhabitant of the C-suite at large investment management organisations gives her thoughts on the responsibilities that come with the territory, while providing an overview of the current challenges facing schemes and those who advise them.  What does it take to be entrusted with hundreds of billions in investment?

Interview with Anne RichardsChief Executive Officer, M&G Investments
Chaired by Attracta Mooney, Investment Correspondent, Financial Times

 13:05 - 14:35  

LUNCH IN THE EXHIBITION HALL

 13:15 - 13:30

LEARNING HUB IN THE EXHIBITION HALL: FACE TO FACE WITH ANNE RICHARDS

Right after her on-stage interview, M&G's CEO joins us again to answer delegate questions in a smaller setting

Chaired by James Walsh , Policy Lead: Engagement, EU and Regulation, PLSA

13:15 - 13:40

#open plsa - join us on the plsa stand to meet our POLICY TEAM

Investment and governance focus with Caroline Escott and Luke Hildyard

13:40 - 14:00 

#open plsa - join us on the plsa stand to meet our POLICY TEAM

DB focus with Joe Dabrowski and Caroline Escott

14:00 - 14:20 

#open plsa - join us on the plsa stand to meet our POLICY TEAM

DC, Hitting the Target, and EU focus with Tim Gosling, Nigel Peaple and James Walsh

Stream Session 2
14:35 - 15:15

DB STREAM

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a triangular view on improving integrated risk management

The Pensions Regulator has issued guidance instructing schemes to adopt a proportionate approach to integrated risk management that is bespoke to their own investment, covenant and funding risks. To maximise efficacy, schemes must ensure that a common language is spoken between the three areas.  How can schemes ensure that their integrated risk management strategy is tailored to their individual risk framework?
Fred BerryLead Investment Consultant, The Pensions Regulator
Kelly Davies, Head of Corporate Pensions, BAE Systems
Sinead Leahy, Co-head, Pensions Investment Consulting Practice, PwC
Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

DC STREAM

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can the default option ever be invested responsibly?

DC members are increasingly voicing a desire for their concerns about environmental, social  and governance issues, including climate change and income inequality, to be reflected in the way their pension pots are invested.  Yet individual schemes’ default options, where the vast majority of DC assets are invested, are typically diversified well beyond equities.  Meaningful ESG integration is largely absent. How can sustainable exposure to the non-equities asset classes be delivered?  Is a sustainably run default option achievable, or even desirable?

Jennifer AndersonInvestment Manager, TPT Retirement Solutions
Sandra Carlisle, Senior Responsible Investment Specialist, HSBC Global Asset Management
Chaired by Robert Brown, PLSA DB Council
 

 

NEW HORIZONS STREAM

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impact investment and investors - bridging the gap

Many UK pensions would like to make more impact investments. The Government’s impact investing task force, as well as the PLSA’s Hitting the Target report both advocate greater investment in housing and infrastructure. But barriers exist in terms of measurement and cost of entry.  What needs to happen for investors to more readily access impact investment products?
Will Goodhart, Chief Executive, CFA Society United Kingdom
Andrew Parry, Head of Sustainable Investing, Hermes Investment Management
Chaired by Luke Hildyard, Policy Lead: Stewardship and Corporate Governance

 

INVESTMENT & GOVERNANCE STREAM

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new regulatory approaches to the investment chain

The FCA’s Asset Management Market Study made several recommendations which could fundamentally reshape the market for institutional investors. As the CMA’s investigation into investment consultants gathers pace in 2018, what are the main issues of which investors need to be aware? How may schemes prepare for the challenges and opportunities which lie ahead?
Alison Gold, Project Director, Competition and Markets Authority

Sarah Smart, Chair, Trustee Board, TPT Retirement Solutions
Mary Starks, Director of Competition and Chief Economist, Financial Conduct Authority
Chaired by: Caroline Escott, Policy Lead: Investment and DB, PLSA  

15:15 - 16:00

Refreshment break in the exhibition hall

15:25 - 15:40

LEARNING HUB IN THE EXHIBITION HALL - financial reporting council - focus on pensions

The Stewardship Code, managed by the FRC, sets out standards for how asset managers should oversee their investments and how asset owners should monitor the oversight activities of their asset managers. The FRC will issue a revised code for consultation this year, with a remit to enlist more pension funds as signatories. Will your stewardship activities meet the code’s standards? How can a proactive/thoughtful stewardship approach add value to/enhance your investment portfolio?

Jennifer Sisson, Senior Investor Engagement Manager, Financial Reporting Council
Chaired by Luke Hildyard, Policy Lead: Stewardship and Corporate Governance, PLSA

15:25 - 15:45

#open PLSA - join us on the plsa stand to meet our chair and ceo

Put your questions to and share your ideas with our Chair, Richard Butcher, and CEO, Julian Mund

Stream Session 3
16:00 - 16:40

DB STREAM

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building a more robust defined benefit sector

The Department for Work and Pensions will be publishing a white paper examining the state of the UK’s defined benefit schemes, exploring new powers for The Pensions Regulator, heightened scheme governance standards, changes to employer debt and the future shape and size of the sector. Will this be enough to meet the challenges of the DB sector?               

Ronan O'Connor, Deputy Director, Private Pensions Policy, DWP
Lesley Williams, Director of Pensions, Whitbread Group
Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

 

DC STREAM

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next steps after auto-enrolment

As of December 2017, nine million UK workers were enrolled in a DC scheme and by 2019-2020, a total of £17bn will be invested in workplace pensions due to auto-enrolment.   The initiative is successful so far, but what are the next steps for auto-enrolment?  As auto-enrolment increases, both in number of participants and assets under management, what potential pitfalls must investment managers avoid?

Tim Gosling, Policy Lead: DC, PLSA
Carol Young, HR Director – Reward, Pensions & Benefits, RBS 
Chaired by Francois Barker, PLSA DC Council

 

new horizons STREAM

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'pop!' goes the market? identifying bubbles

With frothing equity markets, bitcoin bingeing and escalating consumer debt all intersecting with rising interest rates, many investors are concerned that the next bubble is just round the corner, waiting to cause a market catastrophe.  What are the warning signs of a financial market bubble? How can investors protect their portfolios from them?

Ben Funnell, Head of European and International Equity Strategies, Man GLG
David Page, Senior UK and US Economist, AXA Investment Managers
Chaired by Caroline EscottPolicy Lead: Investment and DB, PLSA

 

investment & governance STREAM

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sustainability in the investment mainstream

Many investors believe that sustainability has finally moved into the investment mainstream, with views on fiduciary duty having turned 180 degrees to the belief that ESG factors should be seen from an investment context.  But others are less convinced.  What are the remaining barriers to greater adoption of sustainability principles in mainstream investing?

David Harris, Group Head of Sustainable Business, London Stock Exchange Group; Head of Sustainable Investment, FTSE Russell
Kerrin Rosenberg, UK Chief Executive Officer, Cardano
Chaired by Luke Hildyard, Policy Lead: Stewardship and Corporate Governance

Plenary 9
16:50 - 17:30

before, during and after

A leading journalist and historian provides an overview of Great Britain’s relationship with Europe before the creation of the European Union and while it was a member nation, and offers speculation about the UK’s affiliation with the EU after Brexit.  What will history make of the UK’s exit from the EU?

Dan Snow, Historian and broadcaster; BBC’s ‘history man’

Chaired by James Walsh, Policy Lead: Engagement, EU and Regulation, PLSA

17:30 - 20:00

plsa Drinks reception in the exhibition hall - Kindly sponsored by Marketing edinburgh

Short speech by Richard Butcher, Chair, PLSA at 18:00

20:00

Exhibition and registration closes

 

 Friday 09 March

09:00

Registration and exhibition opens

Plenary 10
09:30 - 10:15

EXPLORING THE IMPLICATIONS OF OUR DIGITAL FUTURE

Social media is now firmly entrenched in global culture, standing at the intersection of technology, politics, business and society. Fintech’s rapid adoption could potentially upend the global financial system.  Power has shifted firmly away from the mainstream media and into the hands of the masses.  What must we all understand about these technologies and their influence – where will this technological revolution lead us?

Elizabeth Linder, Senior Consulting Fellow, Chatham House Connectivity Initiative; Founder, Politics and Government Division, EMEA, Facebook

Chaired by: Merryn Somerset Webb, Editor-in-Chief, MoneyWeek

Plenary 11
10:15 - 11:00

views from a key european financial services centre

In Scotland’s largest financial centre, and a major European hub for asset management and servicing, the SNP’s Westminster leader gives a presentation, before tearin’ the tartan with a panel of major investors to discuss opportunities and threats to the Scottish investment sector. 

Jennifer Adams, Consultant, Burness Paull; Acting Trustee Secretary, Church of Scotland Pension Schemes

Ian Blackford MP, Westminster Leader, Scottish National Party

Stephen Jones , Chief Investment Officer, Kames Capital

Chaired by Jeff Salway, Journalist; Member, Financial Services Consumer Panel

11:00 - 11:40

Refreshment break in the exhibition hall

11:10 - 11:25

LEARNING HUB IN THE EXHIBITION HALL - face to face with ian blackford mp

The Scottish National Party's Westminster leader, and Edinburgh native, answers questions in a more personal setting

Chaired by James Walsh, Policy Lead: Engagement, EU and Regulation, PLSA

11:10 - 11:30

#openplsa - join us on the PLSA stand to MEET our POLICY TEAM

DB focus with Joe Dabrowski and Caroline Escott

PLENARY 12
11:40 - 12:20

CHAMPIONING TOUGH CAUSES

The campaigning asset manager who successfully brought the case against the UK government, forcing the Parliamentary vote on Article 50, discusses the thinking that led to the case, the True and Fair Campaign promoting transparency in asset management fees, as well as campaigning to improve scrutiny and transparency in the charity sector. What does it take to challenge authority and defy the status quo?

Gina Miller, Co-Founder SCM Direct; transparency and ethics activist

Chaired by Richard Butcher, Chair, PLSA

Plenary 13
12:20 - 13:00

anticipating great britain's political future

The UK's recent political scene has been turbulent, with a minority government not always able to implement legislation and a resurgent opposition clamouring for its own turn. With lowered economic projections, downgraded productivity growth and the one year clock for Brexit ticking, what can the UK expect to see from its elected leadership? What should the government do to restore confidence to a shaken nation?

Laura Kuenssberg, Political Journalist and Broadcaster

Chaired by Richard Butcher, Chair, PLSA

13:00 - 14:00

Lunch in the exhibition hall

14:00

Close of conference and exhibition

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.