Scheme Funding Summit 2019
Wednesday 27 November - Radisson Blu Edwardian Bloomsbury, London
It's safe to say, it's been a particularly turbulent year for UK markets. Increased political uncertainty through 2019 has seen the aggregate DB scheme funding level plummet by 3.5% over the course of August as gilt yields collapsed, according to the Pension Protection Fund (PPF).
This drop in gilt yields has seen 10- to 20-year government-issued fixed interest bonds falling by between 20 and 30 basis points (bps) and the 5-to-15 -year index-linked gilts, yields falling by 22bps. A similar downturn was experienced in the equity markets with indexes dropping by as much as 3.6% which has only compounded the deterioration of funding levels. These decreases appear to be mirroring the tumultuous political landscape, and with the EU-exit date once again being called into question, how can schemes prepare for the future?
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 ways to rethink funding strategies, hit long term funding targets and integrate risk management and contingency planning.