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PMI TV: How to improve your DB scheme admin without having to start from scratch

Tom Cowley, Associate at Barnett Waddingham, discusses why pensions administrations have recently been brought to focus, how trustees can engage with pensions administration providers, and exercises that can be done to improve the pensions admin service.
Recorded Aug 20 2018 16 mins
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Presented by
Tom Cowley, Associate, Barnett Waddingham
Presentation preview: PMI TV: How to improve your DB scheme admin without having to start from scratch

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  • Channel
  • Channel profile
  • Setting the scene Sep 29 2020 8:30 pm UTC 30 mins
    Lesley Alexander
    -Essential Jargon
    -Parties involved in pension schemes
    -Type of Trustees
  • DC benefit statements: How to communicate alarming news effectively? Jul 27 2020 10:30 am UTC 60 mins
    Barnett Waddingham
    More details coming soon. Please note that date and time is subject to change.
  • Dealing with a surge of early retirement applications Jul 24 2020 10:00 am UTC 60 mins
    Buck
    Dealing with a surge of early retirement applications following the end of lockdown / DB schemes and scams
    More details coming soon. Please note that date and timings are subject to change.
  • How to maintain a good relationship with the Pensions Ombudsman? Jul 23 2020 1:00 pm UTC 60 mins
    The Pensions Ombudsman
    More details coming soon. Please note that date and time is subject to change.
  • GMP Equalisation Jul 22 2020 10:00 am UTC 60 mins
    LCP, Addleshaw Goddard
    More details coming soon. Please note that date and time is subject to change.
  • Does your scheme require a professional trustee? Jul 21 2020 10:00 am UTC 60 mins
    TUC, PAN
    More details coming soon. Please note that date and time is subject to change.
  • The investment landscape post COVID-19/Brexit Jul 20 2020 10:30 am UTC 60 mins
    Willis Towers Watson
    More details coming soon. Please note that date and time is subject to change.
  • ESG Jul 17 2020 10:00 am UTC 60 mins
    BMO, Federated Hermes
    More details coming soon. Please note that date and time is subject to change.
  • Financial Wellbeing Jul 16 2020 1:00 pm UTC 60 mins
    Mercer
    More details coming soon. Please note that date and time is subject to change.
  • Understanding the Regulator’s approach and expectations with to scheme funding Jul 15 2020 10:00 am UTC 60 mins
    Deloitte
    More details coming soon. Please note that date and time is subject to change.
  • DB Endgame solutions and employer commitment Jul 14 2020 9:00 am UTC 60 mins
    Travers Smith, Just Retirement, K3 Advisory
    More details coming soon. Please note that date and time is subject to change.
  • An Overview of Longevity Pricing Jun 23 2020 9:00 am UTC 45 mins
    Howard Kearns, Longevity Pricing Director, Insight Investment
    Despite the ongoing impact of the COVID-19 pandemic, longevity remains a key risk for many pension schemes. In this webinar Insight Investment will provide an introduction to longevity risk and the techniques that pension schemes can use to mitigate it. They’ll also discuss how the reinsurers, the institutions who take on longevity risk, determine their longevity risk pricing and how the unfolding COVID-19 crisis might affect their approach.

    This webinar is open to all members, but will be of specific interest to professional trustees and those looking to get a greater understanding of longevity and its impact on schemes.

    Attending this webinar will contribute 45 minutes towards your CPD requirements.
  • Climate change and changing regulations Jun 17 2020 9:00 am UTC 60 mins
    Tim Middleton, PMI - Vicki Bakhshi and David Page, BMO Global Asset Management
    How should pension schemes assess, manage and report on climate-related risks? Hear from BMO specialists on existing practice within the industry and what trustees should consider ahead of the DWP’s “Aligning your pension scheme with TCFD recommendations” consultation deadline on 2 July 2020.

    Join BMO Global Asset Management as they look at how climate change has been brought into focus for many pension funds – be it through macroeconomic events or increasingly prominent regulations. Vicki Bakhshi, Director, Responsible Investment, BMO will share her specialist insight into the climate change engagement landscape; look at the range of tools available to investors; and address the question of whether engagement can really make a difference. David Page, Director, Client Relations, will also provide unique insight into the Pensions Climate Risk Industry Group Guide for Trustees on Aligning your Pension Scheme with the TCFD Recommendations consultation and look at what questions trustees should be asking of their investment managers.

    Attending the webinar will contribute 60-minutes to your CPD accreditation.
  • Pension Change – Nationwide Building Society Case Study Jun 11 2020 9:00 am UTC 60 mins
    Lesley Alexander, PMI - Ian Baines, Nationwide - Jonathan Watts-Lay, WEALTH at work
    We are pleased to invite you to a webinar on ‘Pension Change: a case study in creating positive member engagement during a Defined Benefit pension scheme closure’.

    DB schemes are under increasing pressure to manage their costs and liabilities and the number of schemes considering their options are growing. A major challenge many will face is communicating changes to members who already have little contact with their pension scheme and limited understanding of how their benefits are provided. This timely case study shows how one DB scheme successfully achieved their goals, which should appeal to professional trustees, advisers and employers alike.

    Ian Baines, Head of Pensions at Nationwide Building Society, will provide the background and an overview of the decision making process from an employer’s perspective. This will cover the successes and challenges in maintaining positive engagement and relations during a highly emotive process affecting 5,000 active scheme members.

    Jonathan Watts-Lay, Director, WEALTH at work, will look at the employee experience including the support employees were offered and the lessons learned from this and other similar projects.

    The session will then be opened to the audience for a live Q&A session.

    Attending the webinar will contribute 60 minutes to your CPD accreditation.
  • Robustness of the Pensions Industry in light of Covid-19 Recorded: Jun 4 2020 61 mins
    Alan Whalley, David Fairs, Carine Pilot-Osborn and Sarah Levy
    - Actions taken by governments and regulators in Europe and UK to lessen the economic impact of the lockdown on pension schemes.

    - Impacts on savers, government accounts and businesses.

    - Measures taken by trustees and other industry stakeholders to adapt to a changing work and pensions environment.

    - Industry successes and looking forward at the future challenges.
  • De-risking market during the pandemic. Outlook for the BPA market in 2020 Recorded: May 29 2020 45 mins
    Sammy Cooper-Smith, Rothsay Life | Myles Pink, LCP | Tim Middleton, Pensions Management Institute
    Myles Pink from LCP will look back on the record year for BPA volumes in 2019 and comment on the outlook for volumes in 2020 and beyond. He will set out the key drivers of pension scheme demand including an overview of the long term strategies that many pension schemes are following: so-called journey planning. In discussing these drivers, Myles will comment on what impact the outbreak of Covid-19 is expected to have had on these strategies and pension scheme demand for buy-ins and buy-outs.

    Sammy Cooper-Smith from Rothesay Life will go on to set out the perspective of the insurer by providing an overview of what drives value-for-money in the supply of insurance de-risking capacity to pension schemes. He too will comment on the impact of Covid-19 on these drivers. In particular, Sammy will focus on the impact of the pandemic on longevity reinsurance pricing and on the prices of assets that insurers invest in to support buy-ins and buy-outs.

    Attending this webinar will contribute 60-minutes towards your CPD requirements.
  • GMP Equalisation: grasping the nettle Recorded: May 21 2020 90 mins
    Stewart Winter, Equiniti - John Wilson, Spence and Partners - Donna Dickie, Hymans Robertson - Simon Borhan, Linklaters LLP
    There is massive unrest in the marketplace around this specific regulation, with a lot of uncertainty and a good deal of hesitancy from schemes to be pro-active in preparing for GMP Equalisation. Although this is no excuse for firms to continue postponing the problem – they must start assessing their data and getting on with the corrections that they will inevitably have to carry out.

    Bringing together the "4 pillars" (administrator, actuary, lawyer, trustee) to discuss the challenges of GMP Equalisation we will cover;

    • Admin
    - Data issues
    - On-going admin
    - Pragmatic versus pedantic consideration (combined with actuarial)

    • Actuarial
    - Complexities of the calculations/methodologies
    - Pragmatic versus pedantic considerations
    - Liability impact
    - Approach on the calculation of equalisation, i.e. from first principles or forms approach
    - Historic look back to PPF

    • Trustee
    - Perspective from a custodian position
    - Consideration of members and effect on the scheme
    - Employer considerations around decision making
    - The tax implications

    • Legal
    - The legal debate
    - Where we are, what’s current and what is to be expected/predicted

    • Overall
    - Joined up advisory approach to resolve the issue
    - Strap in for the long journey, it ain’t gonna be a short one

    By attending this webinar you will achieve 90-minutes towards your CPD requirements.
  • PMI London Regional Group webinar - A “crisis of covenants” Recorded: May 20 2020 62 mins
    Amanda Burden, PI Partnership Group (London Regional Group Chair)
    A panel discussion on the challenges facing companies and how to assess their covenant
  • Changing the rules for the endgame Recorded: May 18 2020 60 mins
    Tim Middleton, PMI | Jim Cielinski, Janus Henderson | Kevin Wesbroom, Capital Cranfield | Ian Mills, Barnett Waddingham
    With many mature Defined Benefit schemes preparing for a buy-out, what is the scale of disruption caused by COVID 19? How should portfolios be reconstructed, and how long will it take to recover?

    By attending this webinar you will achieve 45-minutes towards your CPD requirements.
  • PMI NW Regional Group -The Future of Master Trusts and Single-Employer Trusts Recorded: May 14 2020 48 mins
    Paul Budgen - Smart Pensions
    Nathan Robinson (PMI Norther West regional chairman) and Paul Budgen (Smart Pensions) will be discussing and taking questions on the future of master trusts and single-employer trusts
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The PMI is the largest professional body for pensions professionals in the UK.

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  • Title: PMI TV: How to improve your DB scheme admin without having to start from scratch
  • Live at: Aug 20 2018 11:00 am
  • Presented by: Tom Cowley, Associate, Barnett Waddingham
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