Name: Accessing private markets for defined contribution schemes
Start: 2023-05-23T11:18:00Z
End: 2023-05-23T11:19:02.000Z
Location: BrightTALK
Rating: 0

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.

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?

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

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

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

How the pensions industry should train and develop employees for a more digitised world

PensTech And Admin Summit - Barnett Waddingham

Join us for our next PMI webinar where you will hear from Cardano’s Frankie Borrell, Head of Risk Settlement, and an exciting panel of speakers who will be discussing the latest pensions de-risking landscape.
 
There is more choice and opportunity than ever before for trustees and companies in managing their pension scheme risk. The insurance market is now at a long-anticipated inflection point with record volumes predicted in the years ahead. Alternative risk solutions are benefitting from recent positive support from the government and the Pensions Regulator. And dramatic improvements in funding levels are leading some to ask if run-on is now the right choice in certain circumstances. Frankie will be joined by Rob Mechem from the buyout provider Just, Ashu Bhargava from the commercial consolidator Clara, and professional trustee Shehzad Ahmad from Dalriada as they discuss these options.

Evolution or revolution in the de-risking market?

Risk Transfer Market Update

Using Dormant Assets to Transform Communities and Change Lives

In this session, we’ll be providing an overview of biodiversity and nature-related risks and the potential impacts they have on pension scheme investments. We’ll then uncover how pension schemes can start navigating nature-related risks. This will include a framework to begin looking at nature-related risks, alongside the types of questions they could be asking their asset managers.

What’s the biggest driver of biodiversity loss?

What’s more important to address first? Climate risk or nature-related risks?

 Nature-related risks seem quite complex – where do I start?

Do you anticipate regulation in this area, similar to the requirements of pension schemes over £1bn in size hat have to report climate risks with the TCFD framework?

Practical tips for Trustees on how to start looking at nature risk

As the DC market continues to mature, investment strategies are increasingly in the spotlight. The traditional passive equity and bond split that has dominated DC investment strategies is no longer viewed as the most effective way to deliver good member outcomes - but how easy is it to change investment strategies and what considerations should be made in the process? This panel will discuss the influencing factors that push portfolio diversification up the investment agenda, the role that alternatives play in any investment strategy and the barriers faced by schemes when considering alternatives. We'll also discuss key findings in the recently published PPI research report: 'What role could alternative assets play in DC investment strategies in the future?'.

Exploring the role of alternative assets within DC asset allocation

• Endgame has arrived quicker than we have expected.
• Challenges this has created especially if you are facing a larger transaction than expected.
• Investment markets particularly fixed income markets remain volatile.
• Generating liquidity and managing cashflows.
• Once obtained how can you invest your distribution proceeds from private assets/private equity?

Managing Liquidity & Drawdown Risk in the Endgame

Legal obstacles to a satisfactory member journey

Teamwork Makes the Dream Work

We’re all moving along the DC glidepath…. Mind the Carbon!

How attitudes and relationships towards money have evolved

Solving the Pre-Retirement Conundrum

How can real estate help meet DC member needs in the short and long run?

DC and Master Trust Symposium 2023

This panel will discuss how DC schemes, both single employer and master trusts, can incorporate private markets investments into default portfolio allocations today. Conversation topics will include how to overcome challenges such as charge cap considerations, daily pricing, liquidity management and performance fees in a DC world. Lastly, this session will also address continued government encouragement by reducing barriers to access such private markets investments for DC investors.

Accessing private markets for defined contribution schemes

Pensions

Private Market

Government

Investors

liquidity

master trusts

panel

discussion

finance

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Accessing private markets for defined contribution schemes

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