08:15 – 09:00
Registration & Networking Breakfast
09:00 – 09:05
Welcome and Opening Remarks
DC Strategic Summit
09:05 – 09:25
Presentation: The Pensions Regulator sets out its priorities for 2022/23
From consolidation to climate change, Louise Davey, Head of Policy, the Pensions Regulator, explains what’s on TPR’s agenda.
Head of Policy
The Pensions Regulator
09:25 – 09:45
Presentation: DC Pensions: addressing the cost of living challenge in an inflationary environment
We will assess the impact of higher inflation on the cost of living for pensioners, based on the PLSA Retirement Living Standards, which Allspring Global Investments supports. We quantify the impact on required pot size at retirement and how to balance the hunt for positive returns after inflation with the risk of depletion. We show how a diversified Climate Focused Multi-Asset drawdown solution has a key role to play in providing benefit security and dive deeper into the management of such drawdown solutions for DC pension schemes.
Head of International Portfolio Management, Systematic Edge
Allspring Global Investments
Martijn de Vree
Head of International Solutions, Systematic Edge
Allspring Global Investments
Interview: How to achieve net zero
Global Head of Sustainable Investing
Natixis Investment Managers
10:05 – 10:25
Discussion: Managing an active investment strategy to a Paris Aligned Benchmark
Louise Farrand and Kieran Murray will discuss the challenges and opportunities of managing active equity portfolios to a climate benchmark as part of the acceleration towards a net zero future.
Senior ESG Analyst
Baillie Gifford & Co
10:25 – 11:05
Roundtable Discussions: The Communications Game
Join Quietroom to play a problem-solving engagement game. You will come away from this session enthused, inspired and equipped with some new ideas on how to have better conversations with members.
11:05 – 11:30
11:30 – 11:50
Presentation: Separating greenwashing from reality
Asset managers are making bold claims about their ESG work, and some of them do not stand up to scrutiny. How can trustees separate the investment managers who are working to support the green transition from the ones who are paying lip service? And what are regulators doing to crack down on greenwashing?
Global Responsible Investment Senior Manager
11:50 – 12:30
Panel: The rising cost of living: What does it mean for pension schemes?
All signs from the Bank of England point to the fact that we are moving into a period of higher inflation. Meanwhile, energy prices are rising sharply. What do these economic shifts mean for pension schemes? How can they act to defend default funds from inflation? And what will the implications be for scheme members: will schemes see more opt-outs as the impact of higher interest rates, combined with sharply rising utility bills, hit consumers’ pockets, and is there anything schemes can do to mitigate this risk?
Citibanks UK Pension Schemes
Director of Policy and Market Engagement
12:30 – 13:15
Panel: Why should DC pension schemes be considering private credit now?
In the current low yielding macroeconomic environment, DC scheme investors are looking into new areas. Meanwhile, a recent government consultation has encouraged DC schemes to consider adding illiquid asset classes to their portfolios. Is now the time to consider private credit?
In this session, we will bring to life the most interesting opportunities in the private credit universe, explain private credit’s risk/return profile, and discuss how the asset class could sit within DC portfolios. We will also explore the operational challenges associated with investing in private credit, and how these can be overcome.
Managing Partner and Head of Investor Solutions
Senior Vice President and Head of AB’s Multi-Asset Solutions Business in EMEA
Muzinich & Co.
13:15 – 14:10
14:10 – 14:50
Roundtable Discussions: The challenges of decumulation
Schemes continue to grapple with getting decumulation right. All eyes are on master trusts, which will play a pivotal role in many people’s retirements. How are they approaching decumulation? What are some of the solutions they are embracing? From CDC to pooled annuity funds, master trusts discuss their ideas.
Head of Policy Research
Pensions Policy Institute
14:50 – 15:20
Presentation: A preview of a potential pensions dashboard
In a year’s time, the first cohort of Master Trusts will have connected to the dashboards ecosystem, enabling scale live testing, prior to public launch at a later date (as yet undefined). In an interactive session, Richard will show what a potential initial dashboard might look like, bringing into sharp focus the practical issues schemes must overcome, and demonstrating the benefits dashboards could bring for pension members and customers.
Independent Consultant (and also Dashboards Consultant at Moneyhub, ITM and the PLSA)
15:20 – 16:00
Panel: Levelling up
The government’s policy of levelling up is proving divisive among pension schemes, with one industry figure describing it as “the creeping appropriation of pension scheme money by government”. When is it appropriate for pension schemes to invest in assets which will support the levelling up agenda, and when isn’t it? Is there is a risk that levelling up will create an investment bubble?
Head of DC Policy
Department for Work and Pensions
Chair of the Stewardship Workstream of the Investment Consultants Sustainability Working Group and Associate and Policy & Strategy Lead
16:00 – 16:20
16:20 – 16:50
Panel: The implications of Russia’s invasion of Ukraine for pension schemes
Russia’s invasion of the Ukraine has wide-ranging implications for pension schemes. We explore some in this panel session.
- The invasion has prompted much of the Western world to vow to move away from a dependency on Russian oil. Will the situation accelerate the move towards renewable energy? What are institutional investors doing to build momentum in this area?
- UK pension schemes have sought to divest their Russian holdings. How easy has it been to identify holdings with Russian exposure? Are pension providers keeping savers informed?
- The Russian invasion has shown how quickly the world can change, and volatility can emerge for pension schemes. What other areas of geopolitical risk are schemes monitoring closely? What steps can schemes take to stay a step ahead in terms of risk management?
Head of Manager Research
Spence and Partners
16:50 – 17:10
Fireside chat: Will DC pensions provide enough for future generations of savers?
Now doesn’t feel like the right time for government and industry to look at increasing contribution rates – but if not now, do we risk dooming future generations to pensions penury? If not contributions, what other levers are there for improving savers’ retirement outcomes? In this fireside chat, Adrian Boulding and Louise Farrand discuss the possibilities of collective defined contribution (CDC). Could CDC be what’s missing in UK DC pensions today?
Member of the RSA CDC Forum
17:10 – 17:25
Devil’s Advocate Summary
17:25 – 17:30
DC Strategic Summit
17:30 – 18:30
Drinks Reception in the Palm Court
Dinner at Fishworks restaurant in Covent Garden