Scheme Funding Summit 2018
Wednesday 28 November - Prospero House, London
Relatively speaking, it's been a good year for pensions. Solid equity market returns, higher corporate bond yields and increased deficit recovery contributions have resulted in a reduction in pension liabilities, with the Pension Protection Fund's latest figures revealing a combined DB shortfall of £65.3bn, nearing the January four-year deficit low of £51.0bn.
While this improvement is welcome news for DB schemes, the war is far from won. One consultancy estimated that just a 0.5% fall in bond yields would have pushed the aggregate deficit up by billions, while a major investment house has warned that, with an expected increase in equity volatility, gilt yields remaining stubbornly low, and increasing Brexit and trade uncertainties, schemes should brace themselves for a more turbulent end to 2018.
The Scheme Funding Summit aims to help trustees and senior pension decision-makers navigate these potentially choppy waters, with a thoughtfully curated programme looking at the different avenues for schemes to close their funding gaps, from increased sponsor contributions, changes in governance or an overhaul of investment strategy.
– Alan Gander, Trustee, Lend Lease Ltd
"Good balance of topics and new ideas very relevent and welcome. Diverse style of speakers too"
– Melanie Cusack, Client Director, PTL Governance Ltd
"A strong line-up of relevant topics and quality speakers"
– David Taylor, Trustee Director, ICI Speciality Chemicals Pension Fund
"A breath of fresh air"
– Anthony Greene, Trustee, Heygates Group