Name: Bringing financial wellbeing and education to the forefront of member engagement
Start: 2022-02-24T10:00:00Z
End: 2022-02-24T11:00:02.000Z
Location: BrightTALK
Rating: 4.69

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.

Pension board of trustees are increasingly being held accountable for key areas that directly impact their pension scheme. However, often little time or consideration is given to the complexity of the work that goes on behind the scenes. More and more Pension Boards are leveraging technology to improve collaboration and governance. 

Join Catalina Esler, Senior Governance Manager at Evolve Pensions, Daniel Jacobson, Senior Consultant at Lane Clark & Peacock LLP, Anderson Dy, VP of International Sales at OnBoard and Tim Middleton, Director of Policy and External Affairs at PMI on the 14th of September at 2pm BST, when they will be looking at how the latest technology, such as OnBoard, can be used to better enable Pension boards to manage the complexity of the work they undertake.

How technology can improve governance and collaboration in Pension Boards

Cardano and Sackers will explore how the Pension Schemes Act 2021 has affected the approach taken by trustees and sponsors towards corporate activity and its impact on employer covenant.

Implications of PSA21 on corporate activity in practice

How listed equities can offer a choice for schemes seeking positive, impactful change 
Trustees are increasingly integrating impactful sustainability principles into their schemes’ investment beliefs and goals – to build more resilient portfolios that can pay pensions long into the future.  As with climate change, biodiversity loss has come to the fore as a systemic risk that needs to be managed: to ensure that we have a planet worth living in for future generations. There are many forces driving a biodiversity friendly transition including targets and regulation, such as the Taskforce for Nature-related Financial Disclosures. However, responsible asset owners and managers recognise that we must all play our part in addressing critical issues such as deforestation while managing investment risks and investing in solutions that deliver impactful outcomes for people and planet.

Tracey and Sian will discuss some practical considerations when implementing such strategies, including:

•            How trustees can seek to deliver real, positive impact for society and the environment while meeting their scheme’s strategic financial objectives

•            How schemes of different types and sizes can access long-term, structural growth opportunities and build more resilient portfolios

•            The UN Sustainable Development Goals (SDGs) as an impact assessment framework to help investors deploy capital effectively 

•            The importance of engaging with companies and a consistent and measurable impact framework by which to analyse them

Investing for Impactful Outcomes

Are we witnessing a shift in saver behaviour? Has the pandemic changed behaviours and expectations for the long term? What are younger savers looking for and how do they engage with saving? How do we communicate and deliver the pensions services they really want and need?

Pensions Aspects Live: Communicating with the new pension saver

ESG & Climate are increasingly at the forefront of our minds especially for those managing or overseeing long-term portfolios. Cléo Fitzsimons, Head of Responsible Investing at Pension Insurance Corporation, a specialist bulk annuity insurer, explores means of integrating ESG into both public and private market investment decisions and the importance of articulating a Sustainability and Climate strategy in-line with investment objectives and purpose.

Integrating your ESG strategy

Trustees are always looking for ways to assess and reduce risk in order to protect a scheme and its members. A schemes biggest non-financial asset is its data – the importance of which has an impact on almost any initiative or project a scheme turns its attention to. But, for many schemes, managing data can feel like swimming upstream!

In this session we’ll be talking about rectification, such as GMP – and how data analysis and improvement can create a smoother, more accurate project. We’ll also be looking at the data risks for dashboards – ensuring the right matches are made and the right data provided. And we’ll take a dip into consolidation and how schemes can ensure they get the best deal.

Taking a risk-based approach to data – understanding, mitigating, monitoring – can help trustees achieve their goals and have a far wider impact on the scheme and its members overall

Pensions Aspects Live: Technology + expert analysis = minimised data risk

For decades, defined benefit pension schemes have represented a burden to both trustees and sponsors, often leading to difficult funding discussions and the need to increase contributions to close unexpected deficit gaps. This has led many to consider buy-outs as the endgame target so that the burden could be eliminated. There are indeed very valid reasons for this approach, primarily around:

- removal of exposure to potential liability risks, poor investment performance, and sponsor default
- a view that the sponsor is not in the business of running pension schemes
- a perception that the trustee’s primary job is to secure only the obligated member benefits 

However, with improvements in pension funding levels in recent years, and advancements in pension risk management techniques, have the concerns above become less relevant? In thinking through these issues, we ask whether pension schemes could offer an opportunity to benefit both members and sponsors – potentially to the tune of hundreds of millions, or in some case billions, of pounds. 

This training session will consider each of these issue in more detail and share some of the latest developments in pension fund risk management to help inform your decision making about your endgame goals.

Is your DB pension scheme a burden to get rid of? Or an asset to keep?

Join AXA IM for a practical look at how schemes of all sizes can integrate climate risk mitigation and net zero alignment into fixed income portfolios to achieve their financial goals and positive member outcomes sustainably.

Climate investing: Five myths busted

A wall of ESG reporting is looming for both pension schemes and sponsors. In this session, Cardano (a sustainability advisory specialist since 2019) will provide insights drawn from their work advising trustees and sponsors on the potential impact of ESG-driven change on employer covenant, to help participants prioritise their energy and maximise their positive impact on members and sponsor performance.

Turning the tide – managing and leveraging ESG reporting

In this webinar Adrian Firth and Chetan Mistry will be looking at employee wellbeing and how important financial wellbeing is as part of an overall approach to looking after employees. The current economic climate is placing pressure on household budgets and without the right money management skills, more employees will struggle to make ends meet. With a wide diversity of financial products and services available many employees simply do not understand, or are unable to find out, what their options are and how best to manage their short and long-term financial goals.

Pensions, benefits and wellbeing – the need for financial wellbeing

Pension scheme members now have to grapple with a multitude of risks which have become increasingly complex and uncertain.

With this in mind, WEALTH at work conducted a survey with the Pensions Management Institute to investigate the concerns Trustees have for their pension scheme members in the run up to their retirement and what support provisions they have in place.

This webinar will reveal the results of this insightful research and uncover the steps that can be taken to support members in the lead up to and at retirement.

Overcoming the risks at retirement

In this session Helen and Cheryl will look at the different retirement options available in the market, how to meet member expectations and the customer service challenges that these can create for trustees, employers and providers.

DC & MT Symposium - How to turn your DC pot into gold – Decumulation

Accessing less liquid private strategies has been historically challenging, due to a number of factors; price, access, complexity and perceived risk.

In this session we bring together industry experts to discuss this important topic, to dispel the myths, and pave the way for schemes to get comfortable in choosing private assets to bring about real benefits to a diversified default portfolio.

DC & MT Symposium - Natixis Panel Discussion on Illiquid Assets

Many DC schemes and master trusts are expected to be connected to pension dashboards in Spring 23 – just a year away!

We’ll walk you through the practical steps schemes can take now to prepare – from the data preparation, to implementation and the all-important connection. We’ll cover the snags schemes are likely to hit along the way, and how they can make the journey that little bit smoother.

DC & MT Symposium - Pension dashboards: One year of practical steps

Trustees of defined contribution schemes are having to navigate an ever-changing and complex regulatory landscape. In this session, our experts will look at five key items for every trustee’s agenda, from the new ESG disclosure and governance obligations to at-retirement support and pension dashboards.

DC & MT Symposium - Items to keep on your trustee board agenda in 2022

If you thought the gender pay gap was enough to contend with? Wait until you hear about the gender pension gap that’s twice as large.

At some stage in a person’s career, they may decide to take a break from work, this could be taking time out for parental leave, to care for a loved one or to go on sabbatical. However, this often means taking a break from paying into their pension, which can have more of an effect on a person’s future financial wellbeing than you might think. Our speakers consider:

- Background to this issue and causes
- What can be done to address the gender pensions gap?
- What’s Aviva doing about it?
- Tools and support available

DC & MT Symposium - Gender Pensions Gap

Targeted, personalised communications are the most effective as one size never fits all, but communicating in a way that reaches and empowers everyone can be challenging. Ideally, we’d have all the information we need at our fingertips to really understand the people we’re communicating with – whatever their age, ethnicity, gender, sexuality, ability or cultural background. Unfortunately, we often don’t have access to that level of detail so we need to make sure our communications are as accessible as they can be for the majority of people.

Barnett Waddingham’s in-house creative agency, DrumRoll, will discuss how ‘refreshingly straightforward and inclusive’ communications can be achieved in all member facing communications.

Responsible communications – accessible for all

Hosted by Carolyn Tsalos, Head of UK Institutional Direct Sales at Russell Investments, the panel will look at:
- What Trustees need to think about when considering a Net Zero objective
- What solutions are available to pension schemes looking to achieve a Net Zero target?
- What reporting requirements will Trustees face going forward?

The journey to Net Zero

In this session Martin Palmer, Head of Aviva Master Trust will share insights from Aviva's member survey, getting under the skin of member interests, worries, and needs. Martin will be joined by Emma Douglas, Director of Workplace Savings & Retirement who will be discussing Aviva's latest Age of Ambiguity research and what it takes for members to feel financially on track and how this impacts their financial wellbeing. They’ll also dive into how communication is key for educating and engaging members with their pension, and  sharing ideas on approaches to take.

Bringing financial wellbeing and education to the forefront of member engagement

Member Engagement

Wellbeing

Retirement Financial Education

Small businesses and enterprises alike are competing for not only market share, but also for the best employees to move their businesses forward. Competitive salary and benefits packages are the foundation of high employee satisfaction. Join this community to keep up with changing regulations and learn how to optimize workforce costs with competitive yet cost-effective employee benefits and compensation plans.

Benefits and Compensation

Human resources is intrinsically linked to business success and requires a thoughtful balance of a variety of complex issues. The human resources community on BrightTALK is made up of thousands of professionals in human resources exchanging human resources best practices and advice. Watch hundreds of on-demand webinars for immediate information or participate in upcoming live webinars and have your questions answered by respected HR thought leaders.

Human Resources

Welcome to the UK wealth managers community on BrightTALK! Join thousands of UK wealth managers on BrightTALK to share and learn about wealth planning, the best investment funds and more. Browse hundreds of on-demand webinars and videos presented by recognized wealth management professionals and increase your engagement by participating in live interactive webinars.

UK Wealth Managers

Join this highly engaged community of UK financial advisers as they share peer-to-peer best practice advice. Find content related to investment and economics, better business practices, client acquisition and client referrals for financial advisors, as well as tax and pension advice. Further the engagement by presenting and participating in live interactive webinars and videos.

UK Financial Advisers

This community is for institutional investors responsible for managing large-scale funds. Join to learn how top institutional investors are managing their organization’s shares, influencing the market, and what tips they have for successful investment strategies.

Institutional Investors

Get powerful financial planning and analytics insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge and drive optimal financial performance for your company.

Financial Planning and Analysis

The accounting and finance community on BrightTALK features presentations from leading accountants and finance professionals. The accounting community includes tax planning strategies, QuickBooks webinars and other accounting webinars, while the finance community features presentations on financial capital regulations and forensic data analytics. Join the conversation by attending live financial and accounting presentations and connecting with industry thought leaders.

Bringing financial wellbeing and education to the forefront of member engagement

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