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.
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;
- Data issues
- On-going admin
- Pragmatic versus pedantic consideration (combined with 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
- Perspective from a custodian position
- Consideration of members and effect on the scheme
- Employer considerations around decision making
- The tax implications
- The legal debate
- Where we are, what’s current and what is to be expected/predicted
- 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.
Lesley Carline, PMI | Richard Smith, PDP | Chris Curry, PDP | Chris Connelly, PASA
This webinar is an opportunity for the Pensions Dashboards Programme to update the PMI on the progress being made within the Dashboards project. Speakers from PDP and PASA will cover recent policy papers on key data challenges and successes for the programme. Given the current COVID-19 circumstances, MaPS is not asking for industry input at the current time. They would, however, be interested in any informal feedback should members wish to give it.
Attending this webinar will contribute 60-minutes to your CPD accreditation.
Anish Rav, Head of Client Strategy, Atlas Master Trust | Tim Middleton, Director of Policy and External Affairs, PMI
At this uncertain time, it is difficult to see even a few weeks ahead. However, it is important to continue to have a longer term vision and retain at least some focus on what retirement savings are likely to look like in a few years’ time.
This webinar will look at, and speculate to some extent, on what lies ahead for DC pension provision and considers what it might look like in 2025. The webinar will look at the main aspects of DC provision in the UK including Delivery Vehicle, Governance, Service Delivery, and Investment as well as Member Experience and Communications. Most importantly it will consider the role that it will play in giving individuals the financial futures they deserve.
By attending this webinar you will achieve 30-minutes towards your CPD requirements.
Laura Andrikopoulos, Partner, Hymans Robertson, Jo Gyte, Head of Secretarial Services, Hymans Robertson, Tim Middleton, PMI
In this webinar we will discuss how to continue effective governance in difficult circumstances, using the current COVID-19 crisis as a live example. We will consider how to maximise resilience of your governance board and its meeting arrangements, and discuss how boards have been coping thus far and the key issues they have been grappling with. We will also ask how prominent pandemic-associated risks were on your risk register and briefly consider what other large risks might be looming on the horizon. Finally, we will reflect on what the legacy of the current crisis may be for pension scheme governance.
This webinar is suitable for trustees, pension managers and governance committee members of DB, DC and hybrid schemes.
By attending this webinar you will achieve 45-minutes towards your CPD requirements.
Ajeet Manjrekar, River and Mercantile | Clifford Sims, Squire Patton Boggs | Tim Middleton, PMI
Aimed at helping trustees/pension managers to understand some of the emerging investment risks given the impact of Covid-19. The session will highlight key actions that trustees should be considering today with their advisors. This will support the trustees from an investment governance perspectives as schemes emerge from the current environment.
The session will end with a discussion on opportunities on the horizon to capture the bounce, if and when favourable conditions materialise.
10:45 – 11:00 (Introduction)
11:00 – 11:10 (Covid-19 impact on investment markets and scheme funding)
11:10 – 11:30 (Emerging investment risks for pension scheme)
11:30 – 11:40 (Opportunities on the horizon)
11:40 – 11:45 (Open up for a Q&A)
Jonathan Watts-Lay, WEALTH at work | Tim Middleton, PMI | Rona Train, Hymans Robertson
Aimed at helping trustees/pension managers to understand the importance of having financial education and guidance to help members navigate the broader concerns they currently have, not just pensions.
Members have a lot more to think about in the current crisis such as:
- Possibly dealing with furlough
- Keeping up with mortgage, rent and debt payments
- The drop in their equity based investments, including pension pots
- Should they continue to make regular pension contributions?
As a trustee, it is really important to understand this and what can be done to support members considering these broader issues to help them make informed decisions when planning for or taking retirement now.
This can be a combination of financial education, one-to-one retirement guidance sessions and regulated advice.
During this webinar, we will answer the following questions:
How might your employment income change?
- Explaining furlough and the impact on income
Managing a reduction in income
- Looking at household expenditure and where to possibly reduce costs
Support for the self-employed
- Understanding the government grant available if you or your partner are self-employed
Support with your mortgage, rent and debt
- Understanding the options and support available from lenders and legislation to protect tenants
Your pension and other investments
- Understanding the impact of furlough on contribution levels, market volatility on fund values and points to consider
Are you close to retirement?
- Understanding the options in the current climate and reviewing the impact of reduced fund values on your retirement plan. What can you do now?
Gareth Tancred, Chief Executive, Pensions Management Institute
Prior to the lock-down, the Pensions Management Institute worked tirelessly to ensure the wellbeing of our staff, members and students. In this video, Gareth Tancred, Chief Executive at the Pensions Management Institute shares the latest update on qualifications, events and other business areas affected by COVID-19 and what to expect in the upcoming months.
Craig Mackenzie, Head of Strategic Asset Allocation, Global Capital, Aberdeen Standard Investments
Strategic Asset Allocation and ESG are closely linked. That’s because social change – changes associated with environment, social and governance issues – should shape the way we allocate capital to generate long-term returns. The relationship works the other way too. We suggest that SAA can direct private capital to where it’s most needed to help alleviate our pressing social problems. In this webinar, Craig Mackenzie will seek to examine some of the more important aspects of that relationship and offer some practical investment solutions.
What does the Future of Trusteeship and Governance mean for DB schemes? We will look at the outcomes of the Pension Regulator’s (TPR) consultation, focusing on the key elements of the consultation and considering where pension schemes are headed as they evolve. We also consider the challenges faced by Schemes and Trustees as they strive to move towards TPR’s vision for the future.
What does 2020 have in store for DC Governance? We will discuss TPR’s final response on the Future of Governance and Trusteeship consultation and what we might expect from the additional guidance expected in 2020 to support schemes in their legal requirement to “demonstrate an effective system of governance”. We also consider the increasing interest in corporate governance committees to oversee Master Trust and GPP arrangements, and how to maximise the governance effectiveness of such committees.
This webinar is suitable for both trustees and corporates interested in the evolution of DC Governance in 2020 and beyond.
Jos Vermeulen, Head of Solution Design, Insight Investment
•The Chancellor of the Exchequer, Sajid Javid, announced on 4 September 2019 that there will be consultation to align the retail price index (RPI) with CPIH (consumer price inflation including owner-occupied housing). The consultation will open on 11 March 2020.
•Replacing RPI with CPIH without compensation would cut pensioners’ future income and could cost holders of index-linked gilts and other RPI-linked assets in excess of £100bn.
•Jos Vermeulen, Head of Solution Design, will discuss the impact of such a move and highlight the action stakeholders can take ahead of the UK government’s consultation.
Tim Middleton, Director of Policy and External Affairs, Pensions Management Institute
Tim Middleton, Director of Policy and External Affairs, Pensions Management Institute takes a look at the key issues for pensions going into 2020, such as when we will see the next pensions bill, as well as developments for auto-enrolment & trustees.
Jonathan Watts-Lay, Director, WEALTH at work sat down with us to discuss recent changes in the DB transfer market. Jonathan touches upon high transfer values in the market & signs of a cool down as well as how the FCA's ban on contingent pricing may impact things.