DEVIL’S ADVOCATES PANEL – MORNING SESSIONS
Andrew Carrett, Managing Director, Flint Hyde
Daniela Silcock, Head of Policy Research, Pensions Policy Institute

 

08:15 – 09:15
Registration & Networking Breakfast


09:15 – 09:20
Welcome and Opening Remarks

Chair
Louise Farrand
Chair
DC Strategic Summit


09:20 – 09:40
Presentation: The Pensions Regulator sets out its priorities for 2022/23
From consolidation to climate change, Louise Davey, Head of Policy, at the Pensions Regulator, explains what’s on TPR’s agenda.

Speaker
Louise Davey
Head of Policy
The Pensions Regulator


09:40 – 10:00
Presentation: The role of multi-asset investment in an uncertain and fast-changing macroeconomic environment
As the tide goes out on the significant central-bank support that has lifted all assets, we are likely to see more uncertainty and volatility, as well as greater differentiation. Could this be the opportunity that multi-asset managers have been waiting for? What lessons must we learn, and what skills can we bring, to help us adapt and ultimately benefit from this new regime in order to help DC investors protect gains and limit losses in real terms?

Speaker
Paul Flood
Head of Mixed Assets Investment
Newton Investment Management


10:00 – 10:20
Interview: How to achieve net zero
The role that institutional investors play in supporting the global economy’s transition to net zero emissions by 2050 is complex, but significant. Investors as well as other financial services organisations are being strongly encouraged to not only reduce their portfolios’ reported financed emissions, but to also strategically incorporate the financing of real economy emissions reductions within their net zero approaches.

Nathalie will discuss this and the work Natixis IM is doing in conjunction with agencies such as the Investor Leadership Network (ILN) to help achieve this goal.

Interviewer
Louise Farrand
Chair
DC Strategic Summit

Interviewee
Nathalie Wallace
Global Head of Sustainable Investing
Natixis Investment Managers


10:20 – 11:00
Roundtable Discussion: 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.

Facilitators
Joe Craig
Development Lead
Quietroom

Vincent Franklin
Co-founder
Quietroom

 

11:00 – 11:30
Coffee Break

 

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?

Speaker
Jess Foulds
Global Responsible Investment Senior Manager
Aviva Investors


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?

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Terry Alleyne
Trustee
Citibank UK Pension Schemes

Darren Philp
Founder and Managing Director
Shula PR and Policy

Karen Quinn
Director
Untamed Marketing


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.

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Nicole Downer
Managing Partner and Head of Investor Solutions
MV Credit

Hugo Gravell
Investment Consultant
Barnett Waddingham

David Hutchins
Senior Vice President and Head of AB’s Multi-Asset Solutions Business in EMEA
AllianceBernstein

Torben Ronberg
Portfolio Manager
Muzinich & Co.

13:15 – 14:10
Lunch

DEVIL’S ADVOCATES PANEL – AFTERNOON SESSIONS
Paul Armitage, Head of National Pension Trust, XPS Pensions Group
Matthew Webb, Head of Benefits and Pensions, London Stock Exchange Group

 

14:10 – 14:50
Roundtable Discussion: 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.

Introduction by
Daniela Silcock
Head of Policy Research
Pensions Policy Institute


14:50 – 15:20
Presentation: A preview of a potential pensions dashboard
In six months’ time, the first cohort of Master Trusts will be connecting to the dashboards ecosystem, enabling live testing at scale, 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.

Speaker
Richard Smith
Independent Consultant (and also Dashboards Consultant at Moneyhub, ITM and the PLSA)


15:20 – 16:10
Panel: New leader, new pensions minister: what should their DC priorities be?
In recent days and weeks, we have seen two big changes in leadership: we have a new prime minister and a new pensions minister. Creating value for members is the goal for DC schemes, but different administrations will have different ideas about how to achieve it. Are we going in the right direction?

Moderator
Louise Farrand
Chair
DC Strategic Summit

Panellists
Nico Aspinall
Independent Adviser

Des Healy
Head of DC Policy
Department for Work and Pensions

Amanda Latham
Co-Chair of the Investment Consultants Sustainability Working Group and Associate and Policy & Strategy Lead
Barnett Waddingham

Andrew Warwick-Thompson
Professional Trustee
Capital Cranfield

 

16:10 – 16:30
Coffee Break

 

16:30 – 17:00
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?

Speakers
Louise Farrand
Chair
DC Strategic Summit

Dr Hari Mann
Co-Chair of RSA CDC Forum


17:00 – 17:15
Devil’s Advocate Summaries
Paul Armitage, Head of National Pension Trust, XPS Pensions Group
Andrew Carrett, Managing Director, Flint Hyde
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
Matthew Webb, Head of Benefits and Pensions, London Stock Exchange Group


17:15 – 17:20
Chair’s Closing Remarks

Chair
Louise Farrand
Chair
DC Strategic Summit

 

17:20 – 18:30
Drinks Reception


18:30
Dinner at Fish Market