08:15 – 09:00
Registration & Networking Breakfast

09:00 – 09:05
Welcome and Opening Remarks

Chair
Louise Farrand
Executive Director
Defined Contribution Investment Forum


09:05 – 09:25
Keynote Speaker
In a wide-ranging keynote address, Stephen Timms, chair of the Work and Pensions Committee will look at the pensions landscape and the issues at the top of his agenda. These include the impact of the pension freedoms, protecting savers from pension scams, accessing pensions from DC pots, promoting and supporting pension saving, and pension stewardship and COP26.

Speaker
Stephen Timms
Member of Parliament for East Ham
Chair of the Work and Pensions Select Committee


09:25 – 10:05
How Pension schemes are navigating a brand new world
The pandemic has fundamentally changed society, and there is no turning back the clock. As we slowly emerge from this period of forced contemplation and introspection, what looks different for the people who save into pension schemes? How will schemes need to change the way they speak to people and invest?

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Dianne Day
Director
ITS

Caroline Hopper
Senior Writer
Quietroom

Janette Weir
Managing Director
Ignition House


10:05 – 10:25
Following the pandemic, what are the investment opportunities and headwinds?
Hani will discuss the latest macro developments, its implications for the asset classes and where to find reward for selective risk taking. He will also share his thoughts on why stewards of DC programs should consider dynamic asset allocation strategies to capture – and protect – investment opportunities emanating from the market disruptions. Hani will also speak to the integration of ESG into the investment process and practical issues faced by multi-asset investors.

Presenter
Hani Redha
Managing Director, Global Multi-Asset
PineBridge Investments Europe


10:25 – 11:05
Opening the door to illiquid investments
Schemes will have to look further to achieve meaningful returns in the wake of the pandemic. Meanwhile, the UK government wants pension schemes to invest in long-term, less liquid initiatives which will boost the UK economy. But these aren’t always compatible with the way DC pension schemes currently invest. How can we reconcile the characteristics of alternative investments with the requirements of DC savers? Will illiquids ultimately find a place in DC and what needs to change to make this possible?

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Andrew Blair
DC Investment and Governance Lead
Department for Work and Pensions

Tim Horne
Head of UK Institutional Defined Contribution
Schroders

Daniela Silcock
Head of Policy Research
Pensions Policy Institute

11:05 – 11:30
Coffee Break

11:30 – 11:50
Illiquids in DC
Government and industry are eager to find better ways for DC schemes to access private markets. However, solutions remain thin on the ground. MV Credit, a specialist private credit manager, in conjunction with Loomis Sayles, both affiliates of Natixis Investment Managers, talk through the process of developing a solution and the challenges they overcame.

Presenters
Murtaza Merchant
Partner, Head of Fund Optimisation
MV Credit

Alex Thompson
Vice President
Loomis Sayles Investments Limited


11:50 – 12:10
How to address climate change in your DC portfolio (financing a net zero economy – no time left for greenwashing)
Pension schemes with more than £1 billion in assets under management will be required to report on how they are considering the impact of climate change on their investments from October 2022. How can pension schemes address these issues, with the help of their investment managers? How can pension schemes differentiate between asset managers who are committed to meaningful change and those who are greenwashing?

Presenter
Manuel Coeslier
Portfolio Manager and SRI Analyst
Mirova


12:10 – 12:50
Roundtable Discussions: Finding your voice as a trustee board
This session will be introduced by Caroline Escott, senior investment manager at RPMI Railpen and an independent director of the Standard Life Master Trust. How can trustees make their voices heard with their investment managers, with respect to voting and stewardship? What are the current challenges for schemes and asset managers? What are some of the solutions that exist already?

Facilitator
Caroline Escott
Trustee Director
Standard Life Master Trust

12:50 – 13:50
Lunch

13:50 – 14:35
Three major ESG challenges – and what your DC scheme should be doing to address them
In this session, we will take a look at some of the most significant ESG-related challenges that schemes are currently contending with and give some practical suggestions about how to move forwards.

  • There is a growing momentum within the pensions industry to move toward net zero. What does this process look like in practice? What questions should pension schemes be asking of their providers who have made the commitment to move to net zero? How can pension schemes themselves help to tackle the climate emergency, and what would the implications be if they decided to commit to moving towards net zero?
  • Requirements for ESG reporting and disclosure have been becoming more and more comprehensive in recent years, and the process has had some teething problems. Now, industry templates are emerging to bring consistency to the reporting process. How is the process working for pension schemes, consultants and asset managers? What improvements could be made?
  • A number of bodies have subtly different takes on responsible investing, and codes to which trustee boards can become signatories. What are the main differences between the optional codes which trustee boards can sign? How can trustee boards evaluate which best reflect their own world view? Can you sign them all or are some mutually exclusive?

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Amanda Latham
Chair of the Stewardship Workstream
Investment Consultants Sustainability Working Group

Mark Latimour
Partner
Eversheds Sutherland

Lloyd McAllister
Head of ESG Research
Newton Investment Management

Jonathan Parker
Trustee
Aviva Master Trust


14:35 – 15:05
Making the pensions system better for savers
Two big industry initiatives are in train to help people to keep better track of their pension pots, and to make the system more efficient. How have the pensions dashboard and the industry co-ordination group on small pots been progressing their work during the pandemic? Is there anything schemes can do now to get ready? In this session, we’ll hear an update from the people working behind the scenes to deliver both initiatives.

Guest Chair
Alyshia Harrington-Clark
Head of DC, Master Trusts and Lifetime Savings
PLSA

Interviewees
Andy Cheseldine
Chair
Small Pots Co-Ordination Group

Chris Curry
Principal of the Pensions Dashboards Programme
Money and Pensions Service


15:05 – 15:55
Roundtable Discussions: Engagement – does it work?
Should we be putting our energy into getting people engaged with their pensions, or should we accept disinterest and focus on building better default investments and pathways?

Guest Chair
Sophia Singleton
Head of DC
XPS Pensions Group

Speakers
Richard Butcher
Managing Director
PTL

Georgia Stewart
Chief Executive Officer
Tumelo

15:55 – 16:15
Coffee Break

16:15 – 16:55
Will technology help to lower admin costs?
Investment costs are much lamented and subject to a charge cap, but pension schemes also face a much less often-discussed cost: administration fees. What schemes have successfully renegotiated admin fees and how have they done it? Will technology help to lower admin costs? Will consolidation result in lower admin costs?

Guest Chair
Henry Tapper
CEO
AgeWage

Panellists
Ralph Frank
Chief Operating Officer
NOW: Pensions

Kim Gubler
Chair
PASA

Tess Nicholson
Chief Operating Officer
PensionBee


16:55 – 17:15
What’s driving people to consolidate in DC, and why are some schemes choosing not to follow this route?
Consolidation is a big trend in pensions at the moment, but why do some DC schemes decide to join master trusts and others choose to remain independent? We will interview two pension schemes with differing perspectives on consolidation.

Chair
Louise Farrand
Chairr
DC Strategic Summit

Interviewees
Colin Richardson
Director
PTL

Matthew Webb
Global Head of Benefits and Mobility
London Stock Exchange


17:15 – 17:25
Devil’s Advocate Summary


17:25 – 17:30
Closing Remarks