08:15 – 09:00
Registration & Networking Breakfast
09:00 – 09:05
Welcome and Opening Remarks
DC Strategic Summit
09:05 – 09:25
09:25 – 10:05
Panel: 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?
10:05 – 10:25
Presentation: Following the pandemic, what are the investment opportunities and headwinds?
Managing Director, Global Multi-Asset
PineBridge Investments Europe
10:25 – 11:05
Panel: 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?
Senior Policy Adviser
Department for Work and Pensions
Head of Policy Research
Pensions Policy Institute
11:05 – 11:30
11:30 – 11:50
Presentation: Illiquids in DC
Speaker to be confirmed
11:50 – 12:10
Presentation: How to address climate change in your DC portfolio
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?
Speaker to be confirmed
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?
Standard Life Master Trust
12:50 – 13:50
13:50 – 14:30
Panel: 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?
Chair of the Stewardship Workstream
Investment Consultants Sustainability Working Group
Head of ESG Research
Newton Investment Management
14:30 – 14:50
Interview: 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.
Head of DC, Master Trusts and Lifetime Savings
Small Pots Co-Ordination Group
Pensions Policy Institute
14:50 – 15:30
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?
15:30 – 15:50
15:50 – 16:30
Panel: 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?
16:30 – 16:50
Interview: 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.
16:50 – 17:10
Presentation: Trends and innovation
What are some of the key trends in the at-retirement space at present? As DC becomes a bigger and bigger part of people’s overall retirement wealth, how effectively is the industry innovating to meet the needs of savers?
17:10 – 17:20
Devil’s Advocate Summary
17:20 – 17:25