Programme List - Investment Conference 2019
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Programme

08.30–09:00

Delegate registration

09:00–09:10

Chair’s welcome and opening remarks

Jonathan Stapleton, Editor-in-Chief, Professional Pensions

09.10–09.40

Opening keynote: An economic overview and look to 2020

Steven Bell, Chief Economist, Managing Director,  BMO GLobal Asset Management EMEA

09.40–10.05

Integrating investment strategy with long term funding targets

The recovery in markets from the financial crisis, and the improvement in many DB schemes' funding levels, has highlighted the need to place greater emphasis on DB exit strategies. With the Pensions Regulator introducing Long Term Funding Targets how can DB pension schemes invest to get to their specific destinations? This session will demonstrate investment techniques to get you to your final goal.

Colin Cartwright, Partner, Aon

10.10–10.35

ESG investing in Emerging Market Debt

Why investors in emerging market sovereign bonds need to pay attention to environmental, social and governance factors.

Mary-Therese Barton, Head of Emerging Market Debt, Pictet Asset Management

10.35–11:00

Morning networking break

With refreshments

11.00–11.25

Investment risk and the Pensions Regulator

Explanation of recent developments in scheme funding and investment guidance from the Pensions Regulator and how Trustees behaviour in relation to investment decisions may be modified in the light of this. This session will focus on smaller defined benefit pension schemes.

Colin Parnell, Head of Bulk Annuities, Capita

11.30–11.55

Emerging market debt - The missing piece of the cashflow matching puzzle

Cashflow matching strategies are customised investment solutions, designed to enable clients such as pension schemes or insurance companies to meet their liabilities. We believe that emerging market fixed income has an important role to play in these strategies and is often overlooked.

John Gray, Emerging Markets Credit Analyst, Legal and General Investment Management
Toby Orpin, Senior Solutions Distribution Manager, Legal and General Investment Management

12.00–12.25

Absolute Return Fixed Income Strategies: Is There a Better Way?

In recent years, high hopes for absolute return fixed income strategies have given way to disappointment for many UK investors. But much of the disillusionment stems from confusion about the structure of these strategies and their underlying risk factors. In this session, Flavio Carpenzano, Senior Investment Strategist at AllianceBernstein (AB), will help investors understand these strategies and what went wrong with them, while exploring some alternative fixed income solutions that may be more effective in the current environment.

Flavio Carpenzano, Senior Portfolio Manager-Fixed Income, AllianceBernstein

12.25–13.25

Networking buffet lunch

13.25–13.50

Building risk management into growth funds

Markets continue to rise (at the time of writing) but they wobbled through 2018, was this a reminder that complacency may be lurking. Are we confident that our portfolios are robust enough to face future challenges? What questions should we be asking ourselves to ensure we are positioned appropriately. Phil will take us on a tour of the world today, its potential impact on our pension funds and bring out some of those key questions that should be asked.

Phil Redding, Head of UK Business Development, Cardano

13.55–14.20

Make your bonds work harder - how to run a multi-sector fixed income portfolio in today's markets

Current market environment of ultra-low yields and heightened uncertainty creates unprecedented challenges for pension funds managing their bond portfolio. Multi-sector fixed income solutions can be effective in providing income and improving returns, but their practical implementation today requires a different approach with the particular focus on the following:

  • Broaden your opportunity set to include mispriced and under discovered market segments
  • Be dynamic and flexible, focus on security selection as much as sector allocation
  • Implement ESG across all parts of your portfolio, not just public corporates.

Alex Gitnik, Managing Director, Neuberger Berman

14.20–14.40

Afternoon break


With refreshments

14.40–15.05

New DB Funding Code of Practice

On the back of high profile business failures, the government and The Pensions Regulator (TPR) are set to make the biggest changes to pension scheme funding since 2005. A new Funding Code of Practice is expected for consultation in 2020 with a focus on strengthening DB funding, increasing member security and reducing risks. This session will look at what changes schemes can expect to see and when and, in particular, the impact the new code will have on scheme funding valuations and investment strategies.

Michael Lilley, Director, KPMG

15.10–15.45

Closing keynote: Behavioural finance biases in the decision-making of pension trustees

Leo Cohen, Research Fellow, University of Leeds

15.45 - 15.50

Closing remarks and close of conference

Jonathan Stapleton, Editor-in-Chief, Professional Pensions

*Please note this programme is subject to change