08.30 Registration and coffee
09.00 Welcome and Opening Remarks
TREVOR COOK, MANAGING DIRECTOR, SPECIALIST PENSION SERVICES
blunt solution. When developing solutions for DC members, particularly when considering the decumulation/pre-retirement phase, we can learn a great deal from looking at LDI and other innovations in the DB market. This allows us to move forwards and consider potential and likely
09.10 Setting the Scene “Pulling the levers”
DC members have a number of “levers” that they can manipulate to help them achieve a target percentage of their income in retirement. These are their level of contribution, their timescales and the funds that they select. How can we help members to think about an appropriate target and use these levers effectively to achieve this?
JOHN WALBAUM, PARTNER, HYMANS ROBERTSON
“Does Your Defined Contribution Portfolio Have "Bad Breadth"?”
innovations in this area of the overall strategy.
YUMENG ZHANG, DERIVATIVE STRUCTURER,
SOLUTIONS GROUP & MARCUS MOLLAN, HEAD OF STRATEGY, PENSION SOLUTIONS, LEGAL AND GENERAL INVESTMENT MANAGEMENT
“Alternative solutions for DC investments”
Need for more sophisticated solutions are emerging as the current default option based around passive lifestyle funds have not proven to be successful. New innovative solutions have been designed that comprise active management across a diversified stream of returns combined
with continuous protection minimize downside risk.
Breadth is not the same as diversification; Leverage can reduce risk; Examine asset behaviour in times of market stress, and apply “outside the box” solutions.
PAUL GOLDWHITE, CFA, DIRECTOR, RESEARCH, FIRST QUADRANT
NILESH MEHTA, HEAD OF INSTITUTIONAL INVESTMENT SOLUTIONS FOR THE UK MARKET,
BNP PARIBAS & ALEXANDRE GODARD, GLOBAL HEAD OF MUTUAL FUND & MULTI ASSET STRUCTURING TEAM, BNP PARIBAS
10.30 COFFEE / TEA
COFFEE / TEA
11.00 Investment Issues
“Next Generation of Bond Funds for DC”
Overview of bonds; Different flavours of bond markets; Impact of the credit crunch; Core elements; DC – how to make bond funding accessible to DC investors.
SIMON SURTEES, FIXED INCOME PRODUCT SPECIALIST, STANDISH MELLON
“NEST – Administrative and Communication Challenges”
Practical implementation issues; Looking at the wider issues – administration and operational considerations.
NIGEL PETTINGER, DIRECTOR OF OPERATIONS, PADA
Drinks and Lunch
“Future design considerations for DC investment strategy”
Different DC members have different objectives depending upon their age, wealth and financial sophistication. Static lifestyling strategies can help address some of the risks faced by members over their lifecycle, but these strategies offer a relatively
MODERATOR: KIM GUBLER, SENIOR PARTNER, KIM GUBLER CONSULTING
The UK can learn a huge amount from the rest of the world in how to communicate better with plan members. Sharing results of recent research to identify the best DC Pensions Communications campaigns across the world; Discussing the importance of personalising messages to fund members, and how this can be achieved; Looking at the issue of de-jargonising comms with members – clear language is a key skill; How campaigns must look for scale – the end of small, customised company initiatives.
MAGNUS SPENCE, RESEARCHER & CONSULTANT, SPENCE JOHNSON
The panel will discuss their experiences of DC scheme design, current investment and communication issues and member participation.
IAN RICHARDS, CHAIRMAN OF TRUSTEES, NEXT PENSION TRUSTEES LTD.
PHILIP MENDELSOHN, DIRECTOR, ATKINS PENSION TRUSTEE LIMITED
17.00 Close of Conference & DRINKS RECEPTION