Name: Pensions Dashboards Programme - Status Update and Data Policy Papers
Start: 2020-05-14T09:00:00Z
End: 2020-05-14T09:01:05.000Z
Location: BrightTALK
Rating: 4.6

A channel for pensions professionals, offering industry insight and lifelong learning to our members and the wider industry. 

The PMI is the largest professional body for pensions professionals in the UK.

Pensions dashboards will transform how people engage with their retirement savings, allowing users to view all their pensions information together in one place. The Pensions Dashboards Programme (PDP) is responsible for delivering the technical solution for dashboards and connecting pension providers and schemes in collaboration with the Government, regulators and industry. 

Chris Curry, PDP’s Principal, will provide an update on progress and discuss what is coming up. He will cover what pension providers and schemes should be doing to prepare to connect. With the programme having a keen focus on collaboration, Chris will also discuss the various ways for industry to get involved in making a success of dashboards. 

Lucy Stone, TPR’s programme lead, will outline what TPR expects trustees to do to ensure they meet their duties, who they should be engaging with on their journey to compliance and where to go for help and support.

Focus on Pensions Dashboards

Many pension schemes are now setting net-zero targets, or have been reporting on their climate risks in line with the Task Force for Climate Related Financial Disclosures (TCFD) framework. Through this webinar, we’ll unpack how to keep track and report on net-zero commitments, and we’ll also delve a bit deeper into TCFD. This will provide trustees with a good foundation to master net-zero and TCFD. We’ll also be sharing our insight into the new Task Force for Nature-related Financial Disclosures framework, which looks at nature-related risks facing pension scheme investments.

Mastering Net-Zero and TCFD

Nearly all of the big issues on trustees and pensions managers’ desks involve scheme administration in some shape or form, and yet admin is often consigned to the bottom of the trustee meeting agenda.  
Admin comes to the fore when things go wrong, but is there more that you could be doing to improve member outcomes?  Scheme administration is central to member engagement, what members think about the scheme and the decisions they take about their retirement savings.    
In this webinar, Sackers partner Kirsty Pake will lead a discussion on why good admin matters, focussing on how trustees, pensions managers and their advisers can work together to make admin central to their strategic planning for the scheme.  
Kirsty and litigation partner James Bingham will be joined by two admin experts, who have experience working with third-party and in-house admin teams.  They will discuss, amongst other areas:

•Data: protecting scheme data, data accuracy and data projects eg pension dashboards
•Member engagement: communications, key life events and complaints
•Projects: role of the administrator, when to engage and preparatory work.

Admin matters: are you thinking about admin enough?

A fundamental aspects of managing a Defined Benefit (DB) pension scheme is assessing the percentage of scheme members who have qualified dependents and in particular identifying marital status and spouse information. The presence of qualified dependents significantly influences a scheme or insurers financial calculations and responsibilities. This session explores the impact of: 
o Missing spouses during de-risking and the impact on pricing calculation
o Incomplete data during a write-out process, resulting in poor member experience. 
o New/innovative ways and additional data available to help clients make more informed decisions.

Marriage & Pensions: A mis-match made in data

Apprenticeships in the context of the pensions industry offer individuals the opportunity to gain practical experience and a formal qualification simultaneously. These apprenticeships are designed to equip participants with the necessary skills and knowledge to excel in roles such as pensions administrators, consultants, or analysts. By combining on-the-job training with theoretical learning, apprenticeships provide a comprehensive understanding of the complexities of managing pension schemes and retirement planning.

The PMI plays a vital role in supporting apprenticeships in the pensions sector. As Sector Body and as an End Point Assessment Organisation (EPAO) it provides the best sector specific education and training, assessment, guidance, resources, qualifications and expertise to apprentices, employers and third party providers. The PMI's involvement helps maintain industry standards, promotes best practices, and fosters the development of a skilled workforce in the pensions management field.

Through its collaboration with employers and educational institutions the PMI facilitates the development of apprenticeship programs that meet the evolving needs of the industry. By staying abreast of the latest trends and regulatory requirements, the PMI contributes to the continuous improvement of apprenticeships, thereby nurturing a pool of talented and knowledgeable professionals who can effectively navigate the challenges of the pensions landscape for now and for the future.

PMI monthly series - Apprenticeship programme

With increased focus on delivering value for Defined Contribution (DC) pension savers, many fund managers are working hand in hand with investment only platforms to access innovation and maximise member outcomes.

One example is the use of Target Date Funds (TDFs), which can be tailored to meet a wide range of investment objectives, from accessing private market assets to incorporating Environmental, Social and Governance (ESG) considerations into scheme portfolios. Whole of Life TDFs can also provide decumulation options for members as they move towards and through retirement.

In this training session, we’ll talk you through the use of Target Date Funds in DC investment strategies. We’ll also look at some of the TDF solutions that fund managers and platform providers are implementing to address current and future investment challenges while delivering improved outcomes for scheme members at all stages of the savings lifecycle.
Key learning points:

•Understanding the role of investment only platforms in building flexible, innovative solutions for DC pension savers.
•Understanding Target Date Funds, including how they can be accessed and managed via a platform
•Using Target Date Funds to access private market investment opportunities
•Using Target Date Funds to integrate ESG considerations
• Implementing Whole of Life Target Date Fund solutions

Targeting better member outcomes

Long gone are the days when listing a few names on a Business Continuity Plan would suffice if something might go wrong. The complexity of the types of incidents we now face, including cyber-attacks, means that schemes need to understand what they need to do to be able to respond effectively. 

Business Continuity Management (BCM) is more than producing a plan and hoping that this will work in the event of an incident; it is a holistic practice that will enhance your resilience if considered, and implemented properly. 

Each scheme needs to consider its own priorities and interconnected relationships with service providers, advisers, sponsors / employers for its approach to Business Continuity to be effective. 
In this session you will learn:

•What is Business Continuity Management
•Why it is important for pension schemes, their advisers and service providers
•What you need to consider, address and put in place as part of your approach to BCM
•Practical tips and the importance exercising your teams and plans 
•How BCM needs to be addressed to meet the obligations and expectations of the General Code. 
•The benefits of good BCM for all parties involved in the management of pension schemes 
•How Barnett Waddingham can support our pension clients in these high-risk areas

Understanding the importance of Business Continuity for Pensions Schemes

The Trustee Workbench conference is designed for all pension trustees, including professional, member and employer-nominated trustees. This event builds on our expertise in helping trustees succeed in their roles and draws on the current issues and challenges.

Trustee Workbench 2023

Unlock the future of pension management with the PMI as we proudly present our brand-new monthly webinar series, designed to enlighten, educate, and empower pensions professionals like never before.

Our journey begins with a spotlight on the much-anticipated PMI Pathways. Join us as we delve into the newest advancements in the PMI Pathways program – an initiative that’s shaping the careers of pension professionals. We invite you to join us to hear about the latest advancements of the career-shaping journeys, designed to empower pension professionals, we will cover the journey so far for members, and look to the future including what Pathways means for the Autumn exam sittings.

Navigating PMI: Your Path to Member Success

PMI Pathways Webinar October 2023.  Video titled: Navigating PMI: Your Path to Member Success

How using the Tumble Dryer can impact your retirement plans?

Choosing when to retire is a complex decision at the best of times, however the recent cost of living crisis has made many who are thinking of retiring in the next couple years reassess their plans, especially as some may feel they cannot manage their pension contributions in the run up to their retirement.

Understanding your finances and how you can maximise your money through these turbulent times can help you maintain and build on your retirement plans and therefore give you confidence you will have the desired lifestyle you want in retirement. E.g. did you know that if you use your tumble dryer twice a day over the winter you could be paying £1.48 per day on this alone. By reducing the amount of electricity, you use, the extra savings could be used on other finances, such as your retirement.
Therefore, if you are responsible for helping your company’s employees in understanding their retirement planning or if you are responsible for offering financial education within your company the “Managing your finances as you approach retirement’ taster session will provide an insight into how your employees can manage their finances leading up to and into retirement during challenging times , which in turn will enable them to make better retirement decisions.

So if you think this type of education could help your employees, then please book onto one of our Taster Sessions Changes and see how our “Retirement Matters service can support you.

Managing your finances as you approach retirement

Impact investing brings a non-financial dimension to the investment process - a values-based approach that seeks positive environmental and/or social impact as part of distinct performance targets. In this session, Laurence Taylor, Portfolio Specialist, will look at why impact investing matters now more than ever, the effects and benefits of evidencing impact, and the longer-term horizons for impact investing.

Impact Investing in a World of Complexity

Many trustees are waiting for the Pension Regulator’s General Code to tell them what they should do - but with cyber-attacks taking place 24 hours a day, 365 days a year, every day you wait to take action could put your you, your scheme and its members at greater risk.

Cyber-risk is a complex and specialist area. It’s also one that trustees are understandably struggling to make sense of.  By working together, the Mercer Pension Governance and the Marsh Cyber Risk Teams are uniquely placed to help you understand and mitigate the cyber-risks you face.

Join this webinar where cyber-risk, pension governance and legal experts will:
•             explain the latest developments in cyber-attacks;
•             describe the steps you should take to protect yourself and your members;
•             prepare you for what you should do when the worst does happen

Don’t wait to find out what you should do, join us and find out what you need to do.

Cyber – not taking action is increasing your risk

With bulk annuity transactions at an all-time high, it is critical that member data is accurate and complete. Understanding the longevity of the member and their spouse is a vital factor when calculating future liabilities. From unknown marital status to changing circumstances, missing information will have a tangible impact on pricing calculations.

Poor quality and incomplete data is viewed unfavourably in all aspects of pension scheme management and this is no different for insurers. This can result in higher transaction cost, delays and uncertainty.  

Please Join this session to understand how good preparation and improved data quality can support your end-game journey.

Bulk Annuities – The importance of accurate member data

How to unlock a successful and stress-free onboarding to pensions dashboards

PensTech and Admin Summit 2023 - The ISP Advantage

How does pension communication need to change to adapt to increases in automation and digitisation?

It’s the start of a new dawn. As an industry we must demonstrate that we’re ready for the communications revolution that will soon be upon us. Technological advances, the way that people consume information and generational attitudes and behaviours are ever evolving in today’s fast-paced world.
Drew and Sarah discuss how retirement communications must stay ahead of the game to help people achieve better outcomes for their future.

PensTech And Admin Summit 2023 - PASA

How ViaNova and TeX Open Standards Accelerate Pension Transfers

PensTech And Admin Summit 2023 - Equisoft

Staff Development in an ever-changing world!
In this webinar, Nick Walker and Keith Hoodless will delve into multifaceted aspects of staff training and development as it continuously changes. They will address the definitions, developments and significance, whilst also scrutinising the attendant challenges, and look at the factors and skills we can utilise to mitigate any negative impacts. 
An examination of a case study centred on BW's Apprentice program will be explored, shedding light on the intricacies of skill development. Furthermore, Keith, representing PMI, will expand upon the imperative nature of professional qualifications in the context of an ever-evolving digital landscape. To culminate the speaking slot there will be an interactive Q&A session.

PensTech And Admin Summit - Barnett Waddingham

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.

Pensions Dashboards Programme - Status Update and Data Policy Papers

Pensions

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Pensions Dashboards Programme - Status Update and Data Policy Papers

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