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Finance

Value For Money: Delivering returns for members in a low growth world

London |
Speakers include:
Rona Train

Rona Train

Hymans Robertson LLP

Chris Curry

Chris Curry

Pensions Policy Institute

Andrew  Cheeseman

Andrew Cheeseman

PANTrustees

Overview

The developments in pensions, coupled with defined contribution becoming the predominant pension savings option, mean the focus has shifted onto value for money. It is now crucial that pension funds offer good value for members and show they are doing everything possible to secure the best outcomes. With ‘value’ in pensions being a relative concept, what are the key areas to focus on? How can schemes structure their investments to achieve good outcomes for members while also allowing flexibility? Are charges and costs the most influential measure of value? Is the cap on charges a help or a hindrance? And how much weight should be given to members' views?

Pensions Expert, in association with Standard Life Investments, will bring senior pension professionals together for an exclusive half-day forum with a focus on the latest developments in creating value for members through innovative strategies in an uncertain economic climate.

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fallback Add to my Calendar 11/23/2016 08:30:0011/23/2016 12:10:00trueValue For Money: Delivering returns for members in a low growth worldThe developments in pensions, coupled with defined contribution becoming the predominant pension savings option, mean the focus has shifted onto value for money. It is now crucial that pension funds offer good value for members and show they are doing everything possible to secure the best outcomes. With ‘value’ in pensions being a relative concept, what are the key areas to focus on? How can schemes structure their investments to achieve good outcomes for members while also allowing flexibility? Are charges and costs the most influential measure of value? Is the cap on charges a help or a hindrance? And how much weight should be given to members' views?Pensions Expert, in association with Standard Life Investments, will bring senior pension professionals together for an exclusive half-day forum with a focus on the latest developments in creating value for members through innovative strategies in an uncertain economic climate.Value-For-Money:-Delivering-returns-for-members-in-a-low-growth-world8ba43e522a87aea60579c47d9866ee1bMM/DD/YYYY

Speakers (9)

Rona Train

Rona Train

Partner and Senior Consultant
Hymans Robertson LLP

Rona Train is a Partner and Senior Investment Consultant, specialising in DC. She worked for 18 years as a client manager in the fund management industry before moving to Hymans Robertson in 2004.Ms Train works with a range of Hymans’ larger DC clients. She also leads the firm’s DC governance proposition as well as chairing Hymans Robertson’s own Staff Pension Plan’s governance committee. She is a regular contributor to the pensions press and presenter at DC related conferences. She is also a member of the Working Party which is considering the security of DC members’ assets.

Chris Curry

Chris Curry

Director
Pensions Policy Institute

Chris Curry is the Director of the Pensions Policy Institute (PPI) with overall responsibility for leading and managing the PPI. Mr Curry originally joined the PPI as Research Director in July 2002 and was responsible for the research programme for eleven years. At the PPI he has authored and presented a number of research reports analysing pensions (including state, private and public sector pensions), pension reforms and other provision for retirement income. He is experienced in presenting research findings to a wide range of audiences and to the media. He started his career as an Economic Adviser at the Department of Social Security (now the Department for Work and Pensions), before joining the ABI as Senior Economist. He has a BSc (Hons) in Economics from the University of Warwick, and an MSc in Economics from Queen Mary and Westfield College, University of London.

Andrew  Cheeseman

Andrew Cheeseman

Founder and Chairman
PANTrustees
David Bint

David Bint

Multi-Asset Investment Specialist
Standard Life Investments

David is a Multi-Asset Investment Specialist at Standard Life Investments and supports the commercialization and evolution of our growing multi-asset business. Mr Bint started his career as an equity strategist and quantitative analyst. He was responsible for and developed a number of innovative products and was rated first in Extel surveys. On moving to Henderson in 2003, Mr Bint advised equity managers on risk tilts and was part of the asset allocation team. From 2005, he was fund manager of the European Style Rotational Long/Short Fund.

Maggie Stoker

Maggie Stoker

Client Director
Capital Cranfield

Maggie Stoker is an independent trustee and investment specialist with 30 years’investment management experience, including investment management of international multi-asset portfolios and delivering technical, investment training to the industry. She is a Fellow of the CFAUK. Ms Stoker is developing a portfolio of trusteeships, encompassing large and small schemes in both the commercial sector and not-for-profit organisations. She offers her clients the combination of investment expertise together with a comprehensive understanding of the issues faced by pension trustees today. As a holder of the PMI Award In Pension Trusteeship, she is fully qualified to offer professional, independent trustee advice, as a member of the Trustee Board, or as a sole trustee. Her investment background enables her to assist fellow trustees to understand the impact of the full range of their decisions, while her business skills make her sensitive to the issues faced by plan sponsors and able to take tough decisions, when necessary. In addition to her extensive and in-depth investment expertise and trustee experience, She brings strong communication skills and a clear-sighted and diligent approach to the governance and other challenges faced by trustees in the 21st century. 

Colin MacLeay

Colin MacLeay

Head of Workplace Marketing and 56 Degrees
Standard Life Investments

Colin Macleay is an experienced marketer with over 20 years’ experience of building successful communication strategies. Working with well-known UK brands, he has held various communication roles in Standard Life before becoming Head of Workplace and Flex Communications for 56Degrees, Standard Life’s in-house communications consultancy. He is passionate about helping employees and employers find creative and engaging ways to make financial complexity simple. 

Tim  Middleton

Tim Middleton

Technical Consultant
The Pensions Management Institute

Tim Middleton has worked in the pensions industry since 1987 in various consultancy roles with Bacon & Woodrow (now Aon Hewitt), Mercer and Barnett Waddingham. He is currently Technical Consultant for the Pensions Management Institute (PMI), where he works extensively on the External Affairs Committee and provides input into PMI’s education programme. He also writes frequently for the pensions press. 

Alan  Morahan

Alan Morahan

Managing Director, DC Consulting
Punter Southall Aspire

Alan Morahan is Managing Director, DC Consulting at Punter Southall Aspire. He has been in the financial services industry since 1987, specialising in defined contribution pensions since 2007 and working with clients in a wide variety of sectors. As well as his managerial responsibilities, he is still a client relationship person at heart, often working from the initial contact stage through to the successful implementation of a scheme and beyond. The workplace pension reforms, the April 2015 pension freedom changes and the recent changes to pension tax relief for higher earners have resulted in additional interaction with a wide array of organisations looking to develop strategies to counteract the impact of these. He has also contributed to numerous seminars and publications on these subjects, as well as helping to deliver training sessions through recognised industry bodies.

Doug  Taylor

Doug Taylor

Member
Financial Services Consumer Panel

Doug Taylor's special interests are saving for later life particularly in an auto-enrolment world and the challenge of ageing and the financial instruments that assist consumers at that time of life. He also has a focus on general issues that create protection for consumers through empowerment and also engender safety and efficiency in delivery within banking, investments and insurance. He is Leader of Enfield Council where he Chairs the Executive Cabinet. In addition he chairs the Enfield Strategic Partnership which brings together the statutory and non-statutory local partners to create integrated responses to local issues. He  is a Governor of the Pensions Policy Institute, and a member of the NEST member panel.

Mr Taylor worked for Which? for a decade as a campaigner in the area of financial services, covering all aspects of consumer detriment and potential detriment. Prior to that he was Deputy CEO of the British Society for Rheumatology, and before that he was the National Director of the National Union of Students. This followed a time in market research for IFF LTD. Doug served two terms as a member of the Occupational Pensions Stakeholder Group at the European Insurance and Occupational Pensions Authority (EIOPA). He is a Governor of Capel Manor College, a Further Education College specialising in land based courses such as horticulture. In addition he is a member of the London Sports Board which improves facilities for community sports within London, increasing participation in activity.

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Moderator (2)

Pádraig  Floyd

Pádraig Floyd

Money Journey Media

Pádraig Floyd is an award-winning financial journalist who writes on personal finance subjects, particularly pensions, investments and workplace savings. A regular commentator on pensions and investment issues, Mr Floyd shares views via Twitter at @gogetemfloyd, his website www.moneyjourney.net and his Linkedin profile at bit.ly/padraigfloyd. He was a member-nominated trustee director of the Pearson Group Pension Plan and is a former committee member of the Association of Member-Nominated Trustees. 

Sandra Wolf

Sandra Wolf

Editor
Pensions Expert

Sandra Wolf is the editor of Pensions Expert, the Financial Times' magazine for pension professionals. She has nine years’ experience as a pensions journalist. She was previously Pensions Expert's deputy editor, covering defined benefit, defined contribution, auto­enrolment, investment and legislation topics. Before joining Pensions Expert, she held the deputy editor position at FT publication MandateWire, where she wrote about pension funds’ investment activities.

Who Attends?

FT Live has a reputation for delivering senior board level audiences to attend a wide range of world class thought-leadership events across the globe for nearly 40 years. 

Attendance is complimentary for Pension Scheme Investment Decision Makers include:

  • Scheme Managers;
  • Heads of Pensions;
  • Trustees;
  • Pension Scheme Board Members; and
  • Independent trustees and consultants.

*Places are strictly limited and subject to approval by the Publisher.

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Agenda - 23rd Nov

  • 8:30am
    Registration and Networking
  • 9:00am
    Opening Remarks

    Sandra Wolf, Editor, Pensions Expert

  • 9:05am
    Presentation: Delivering value for money In DC investments

    A look into the investment landscape and an approach to assessing value for members in DC investments.

    David Bint, Investment Director, Standard Life Investments

  • 9:35am
    Panel Discussion: How far have we come in the value for money debate?
    • Value For Money means different things to different people. What does value look like from a consultant and trustee perspective? What would meeting this value entail?  Has the argument moved on?
    • What are the most important elements of value for money in DC?
    • Is the charge cap a barrier to innovation? Is it already too low?
    • Should in-scheme decumulation be part of the value for money debate?

    Doug Taylor, Member, Financial Services Consumer Panel

    Alan Morahan, Principal DC Consulting, Punter Southall

    Andrew Cheeseman, Chairman, Pan Group

    Moderator – Padraig Flloyd, Financial Journalist and Trustee Director, Pearson group Pension Plan

  • 10:20am
    Coffee Break
  • 10:50am
    Dual Interview

    Discussing key findings from the value for money research – and the range of criteria investors must consider over and above cost

    Chris Curry, Director, Pensions Policy Institute 

    Colin Macleay, Head of 56 Degrees, Standard Life

    Moderator - Sandra Wolf, Editor, Pensions Expert

  • 11:20am
    Panel Discussion: Strategies for generating returns
    • How can you separate out investment and administrative costs effectively to assess how much of the total charge generates the best risk-adjusted returns for members?
    • What asset classes should be accessed to secure better diversification and outcomes?
    • What is the best approach for default funds to deliver value for money? Does lifestyling still work?
    • How do you find innovative investment strategies, while managing costs effectively and being transparent with your members?
    • What does low growth mean for investment returns? Is passive investing really the answer?
    • What can we learn from structural differences abroad? Is the US system a good example to follow? 

    Tim Middleton, Technical Consultant, The Pensions Management Institute

    Rona Train, Partner and Senior Consultant, Hymans Robertson

    Maggie Stoker, Client Director, Capital Cranfield

    Moderator – Padraig Flloyd, Financial Journalist and Trustee Director, Pearson group Pension Plan

  • 12:05pm
    Chair’s Closing Remarks

    Sandra Wolf, Editor, Pensions Expert 

  • 12:10pm
    Networking Lunch

Venue

Financial Times Headquarters, One Southwark Bridge
One Southwark Bridge
London SE1 9HL

United Kingdom

Tel: +44 (0) 20 7775 6653
Email: ftlive@ft.com

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In Association with (1)

Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. We are the asset management business under Standard Life Aberdeen plc headquartered in Scotland, with over 1 million shareholders and listed on the London Stock Exchange. We manage US$669.1 billion* of assets worldwide.

We have over 1,000 investment professionals and over 40 offices globally to ensure we are close to our clients and the markets in which we invest. We are a high-conviction, long-term investor who believes teamwork and collaboration are the key to delivering repeatable, superior investment performance.

*as of June 2019

Presented by (1)

Pensions Expert is the Financial Times' specialist title for UK workplace pension schemes. It is the authoritative source of information on how these schemes and their sponsoring employers are working together to provide their members with an adequate retirement income.

Our case studies, news analysis and informed comment provide trustees, management teams and their providers with timely, practical information to inform their day-to-day jobs.

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