Programme List - Fiduciary Management Focus 2019
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Programme

*Please note programme is subject to change

09:00 – 09:30

Breakfast and registration

09:30 – 09:35

Chair’s welcome

James Phillips, Deputy Editor, Professional Pensions

09:35 – 10:00

CMA Review: Rising to the challenge

The CMA Review affects all DB schemes, whether it's setting clear objectives, or fiduciary managers complying with the Orders around performance reporting, cost transparency or mandatory tendering. But given the CMA Orders will be fully enacted on 10 December 2019, time is running out:

  • Trustees don't have long to understand and comply with the requirements.
  • Fiduciary managers and advisers need to raise their game to remain competitive in this fast-growing market.
This keynote address will highlight the implications, challenges and opportunities for all those involved with DB pension schemes' investments.
Donny Hay, Director, IC Select

10:05 – 10:30

 

De-risking to secure member benefits

UK DB pension schemes face huge challenges building investment portfolios capable of returning them to full funding levels to meet their liabilities. We are in a financial environment that is kind to investment markets and punishing for liabilities. How confident can we be that we are not exposed to risks that changing markets might bring? This session will consider how pension funds can become resilient to the whims of the financial markets, yet still able to achieve their objectives.

10:35 – 11:00

Have you set the right course?

The Pensions Regulator has said Trustees and employers should be agreeing a clear strategy for achieving their long term goals. In practice how easy is this to set out and to monitor to make sure you're staying on course.

  • How does a scheme's long term strategy influence its choice of investments?
  • What can trustees do to ensure they have chosen the correct route?

11:00 - 11:30

Morning networking break: Caffeine hit

11:30 - 11:55

Is CDI the right approach for schemes reaching maturity?

A CDI strategy aims to achieve a stable, long-term, low risk investment portfolio and funding position. This sounds like the golden ticket but is CDI for everyone? CDI is best suited to schemes which are already well-funded as the strategies are bond-heavy and bond yields are relatively low. This session will assess:

  • What's under the bonnet of a typical CDI Investment Strategy?
  • The linked benefits to insurers
  • What the risks and challenges are with CDI

12:00 – 12:25

To delegate or not to delegate?

FM doesn't need to be an all your eggs in one basket situation, the solutions should be bespoke and the scheme can chose to delegate as much or as little as it would like. This session will consider why:

  • Effective delegation is key in a fiduciary management relationship
  • Monitoring your Fiduciary Manager

12:30 - 12:55

How do you choose your FM?

12:55 - 13.00

Closing remarks from the chair

13:00 – 14:00

Networking lunch