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08:30 - 09:20
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Delegate registration and networking
With refreshments
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09:20 - 09:30
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Chairman's welcome and opening remarks
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09:30 - 09:55
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How the economic climate is affecting de-risking strategies
- Examining the changes brought about by the state of the economy e.g. buyouts might be seen as unpalatable given cost of annuities
- How might this be overcome?
- Considering effects such as sponsor insolvency, low interest rates, high inflation and market volatility
- Generating a clear picture of the current economic environment and its ramifications for scheme risk
JLT
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09:55 - 10:20
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Right risking: The debate
- Is de-risking is losing favour in the face of finding the right level of risk that an organisation is happy to live with?
- What are the pros and cons of this strategy?
- Is it right to segment your scheme's risk or should any solution be holistic? - Interactive audience vote
Barnett Waddingham
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10:20 - 10:45
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Evaluating de-risking roadmaps
- How should triggers be set?
- How can we compare the effectiveness of one roadmap against another?
- Can we quantify the effectiveness of a given switching strategy?
AON Hewitt
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10:45 - 11:10
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Solvency II: Liability or opportunity?
- An overview of the situation to date
- Can Solvency II offer a risk-based regulatory framework for pension schemes?
- What are the risks for pension schemes and employers?
- How might these challenges be overcome?
J.P. Morgan
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11:10 - 11:30
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Morning networking break
With refreshments
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11:30 - 11:55
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Creating the best asset strategy
- Asset strategy as the bedrock for all strategic and funding decision making
- Discussing risk-reducing asset classes
- Updates on new thinking and effective tools
UBS
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11:55 - 12:20
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Fiduciary management and dynamic de-risking
- How outsourcing day-to-day scheme investment decision making can help schemes take advantage of de-risking opportunities
- Sharing key points for working well with a fiduciary manager
SEI
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12:20 - 12:45
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Buy outs
- Best practice and top guidance tips
- Uncovering innovations and developing opportunities for schemes
- What buy-out arrangements are on offer for smaller pension schemes?
MetLife
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12:45 - 13:45
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Networking Buffet Lunch
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13:45 - 14:10
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The devil is in the details: Addressing factors to help reduce overall risk
- Identifying smaller things that schemes can do such as ETV, Trivial Commutation and Adjusting Factors, as part of an overall de-risking strategy
Capita Hartshead
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14:10 - 14:35
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Managing longevity risk
- Addressing the difficulties surrounding longevity predications - are we over / under estimating future longevity?
- Using longevity swaps to limit exposure to any increases in longevity
- Longevity swaps for deferred members - are they possible?
- Other ways of reducing longevity risk
Hymans Robertson
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14:35 - 15:00
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Liability driven investment
- Revealing new developments in LDI strategies
- Understanding the risks taken between the fund assets and the liabilities
- Reviewing the current pension fund appetite for LDI
State Street Global Advisors
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15:00 - 15:20
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Afternoon networking break
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15:20 - 15:45
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Due diligence risks
- What are the relevant legal risk factors, including strength of employer covenant?
- How is EU Policy impacting UK pension funds?
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15:45 - 16:10
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The markets in bonds
- Identifying the limitations of availability - what can be used as an effective substitute?
- Reviewing the current marketplace
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16:10 - 16:35
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Panel discussion session
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16:35 - 16:40
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Chairman's closing remarks
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16:40
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End of conference
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