Defined benefit transfers continue to make headline news in the financial services industry
Sir Steve will provide an update of the recent changes in legislation, share his own views and be available for questions online
Anish Rav, Head of Client Strategy, Atlas Master Trust
Anish Rav, Head of Client Strategy, will discuss Atlas’ forthcoming white paper on whether DC consolidation has to involve compromising quality and accepting standardisation. He will explain how moving to master trust does not mean employers having to accept a ‘one size fits all’ approach, the options available for delivering a tailored solution and how each employer’s objectives can still be recognised and met.
Mark Foster, Global Head of Pensions Solutions, Aberdeen Standard Investment
In this session, Mark Foster, ASI’s Global Head of Pension Solutions, will discuss the current increase in pressure on DC schemes to consider the impacts of ESG and what approaches could be taken to better integrate ESG considerations into their default and member selected investment offerings.
The current regulatory landscape for ESG and what schemes have been doing in response to regulatory changes (as well as examples of those that have been leading the way on ESG)
The key considerations schemes need to take into account when designing an ESG strategy
Barriers to greater engagement with ESG considerations
The need for schemes to monitor the engagement and stewardship activities being undertaken on their behalf by external asset managers
Oliver Madden | IHS Markit | Director, Securities Lending
Securities lending best practice and meeting the expectations of the 2020 UK Stewardship Code
The 2020 version of the UK Stewardship Code sets high expectations for how investors, and those that support them, invest and manage money on behalf of UK savers and pensioners, and how this leads to sustainable benefits for the economy, the environment and society.
Yet in its Review of Early Reporting published on 30th September 2020 the Financial Reporting Council noted that in general signatories’ approaches to stock lending had been under-reported. This session will explore what best practice securities lending programme oversight looks like and how signatories to the Code can enhance their Code reporting to satisfy the raised expectations of the FRC.
The session will consider how trustees should best respond to the climate emergency and considers the factors that need to be considered when restructuring the portfolio. It will also consider the DWP’s recent consultation on climate risk reporting and the responsibilities for trustees that arise from that.
Join the PMI Eastern Region group and our expert speakers in exploring the considerations around moving to Master Trust, how appointing a preferred IFA can improve DB member decision making and a topical legal update.
Darren Philp, Andy Cheseldine, Martin Lacey and Emma Watkins
The PMI London Region Group’s next business meeting will look at the opportunities and possibilities offered by technology to the pensions industry.
We will explore how trustees can use technology to change the way they engage with members, how pension schemes use technology to enhance their operations and how technology is changing what members expect from their pension.
As part of our ‘Board Digitalisation Awareness’ campaign we have already addressed why pension schemes should incorporate technology in the board room and adopt a digitalisation process. In this presentation we will focus on the security of board data in a remote world, with a view to eliminating both data loss and data breach, which can be crippling to any organisation.
Immediate steps need to be taken to remove the threat. Join our webinar on Tuesday 17 November at 4pm GMT to get a complete understanding of how a digital board portal, such as OnBoard, can provide the highest level of security throughout your board meeting cycle.
The key issues we will address are:
• Data in Transit
What is data in transit?
• Data at Rest
When is data at rest?
• Data Sovereignty
Why data sovereignty?
• Board Communication
How does your Board communicate?
“TPR has been encouraging trustees to take formal, external covenant advice now for more than 10 years, however this should not be just be a triennial valuation exercise, ongoing monitoring of the financial position and prospects of a pension scheme’s employer are key. Many Trustee Boards have used the uncertainties caused by the Covid-19 to request further and more regular financial information from their employer, whether easements on Deficit Repair Contributions were requested or not. This sharing of information should be continued and used to monitor and prepare for any reduction in covenant strength. In the last few weeks we have seen Covid-19 restrictions increase, with businesses facing cliff edges in government support and an undetermined outcome for Brexit there is the expectation of a sharp rise in corporate restructurings. Where there’s a threat of insolvency for the employer, trustees need to ensure that they have plans to run the scheme on a stand alone basis. By talking through a number of case studies where Dalriada has been Trustee, Sarah will demonstrate that preparation and getting the right advice can be key to getting a solution for members.”
How can AI, assist members in answering questions, making major choices and improving their general financial education?
- Considering robotics and blockchain to increase admin efficiency
- Using automation to reduce costs and at the same time providing a better service to members
- Analysis of the latest technologies available to pension schemes
- Meeting a high level of technology standards
- Technology enhancements to make the member engagement more secure
- Specific challenges the pension industry have faced since Covid-19
- How can the industry work together to benefit member engagement more widely?
- Using digital technology to provide cost-efficient methods to ensure your member data is accurate and dashboard ready