Pensions Expert, in association with J.P. Morgan Asset Management, will bring together senior pension professionals for an exclusive half day forum focused on unlocking pre and post-retirement options to maximise pension income.
Innovation in DC
Unlocking pre and post-retirement options to maximise pension income
J.P. Morgan UK Pension Plan
Willis Towers Watson
In association with
“The best guide for understanding the world’s economic and monetary issues.”
Alan K. Gander, Lend Lease Ltd
The introduction of ‘freedom and choice’ has transformed the DC pension environment. Schemes are adapting and innovating, and planning effective post-retirement options to meet the changing needs of members.
With global markets always uncertain one attractive source of diversification and uncorrelated returns is the universe of alternatives. Are DC schemes ready for this potentially beneficial asset class and how can they and their investment managers effectively manage operational issues, as well as scalability, liquidity, flexibility and valuation?
Beyond retirement DC schemes are seeking out innovative solutions to provide members with effective ways of managing their pension savings. What do members want and need? How important is scheme design and asset mix in addressing the risks vs. rewards of income drawdown? How is the post-retirement market likely to develop in the medium to long-term?
Agenda - 8th Jun
9:00amRegistration and Networking
Pádraig Floyd. Financial Journalist
9:40amTaking the alternative route
As DC plans consider greater exposure to alternative assets, what can they learn from the experiences of DB schemes who have long invested in this fast evolving asset class? How have alternatives performed in recent years relative to more mainstream allocations, and how has the umbrella of alternative assets and strategies expanded to meet investor demand? As DC plans seek out enhanced returns and greater diversification, what knowledge can they take from the past to effectively embed alternatives in their portfolios?
Paul Herbert, Senior Investment Consultant, Towers Watson
10:05amPanel: How DC plans can access the world of alternatives
As uncertain returns in traditional asset classes continues, DC plans are looking towards alternatives to provide uncorrelated returns and better retirement outcomes. This panel will discuss how to embed alternatives into DC plans and default funds, discussing which approaches offer the best way to access infrastructure, property, private equity and hedge funds. Speakers will further explore how schemes are meeting the challenges of scalability, liquidity, flexibility and valuation needs.
Craig Brown, Institutional Distribution Director, Mobius Life
Peter Hobbs, Managing Director, Private Markets, bfinance
Declan Canavan, Managing Director, Head of Alternative Investment Strategies, EMEA, J.P. Morgan Asset Management
Moderator: Pádraig Floyd. Financial Journalist
11:10amPension drawdown – using Big Data to get it right for members
Understanding pension scheme members is now more critical than ever, as plans move to redesign default funds, especially for drawdown. In this session hear what role Big Data can have in highlighting flawed assumptions around investor saving and spending behaviour, and how this can inform plan sponsor decision making as well as product design for default products in accumulation and drawdown.
Anne Lester, Managing Director, Head of Retirement Solutions, Global Investment Management Solutions, J.P. Morgan Asset Management
11:35amPanel: Post-retirement options – delivering what members want and need
Making pension savings work in retirement is a top priority for DC schemes and their members. This session will explore how the post-retirement landscape is evolving, analysing the drawdown options and how they fit the income needs of pensioners. How can savers best use a blend of annuities and drawdown to create flexibility?
Rene Poisson, Chairman, J.P. Morgan UK Pension Plan
Matthew Webb, VP Benefits, Thomson Reuters
Sonia Kataora, Associate, Barnett Waddingham
John Lawson, Head of Financial Research, Aviva UK & Ireland Life
Moderator: Angus Peters, Reporter, Pensions Expert
Matthew Webb is VP Benefits at Thomson Reuters covering EMEA and APAC countries. Maximising the value of benefits to both the employer and employee is his enduring focus whilst providing engaging plans and programs for protection, wealth accumulation and lifestyle choice. As part of the global reward function, benefits will increasingly become part of a total reward strategy. Mr Webb’s previous roles have spanned the airline, oil and financial industries with both UK and international remits. He is an Associate of the Pensions Management Institute and holds the Diploma in International Employee Benefits.
Rene Poisson is an Independent Director of the Universities Superannuation Scheme (USS) and Chair of the Remuneration Committee, Chair of the J.P. Morgan UK Pension Plan, Chair of the Standard Life Independent Governance Committee, Director of the Standard Life Master Trust and, Chair of the Advisory Committees of Five Arrows Credit Solutions and Five Arrows Direct Lending. He retired in 2012 after a 30 year career with J.P. Morgan.
Paul Herbert leads the DC investment group at Willis Towers Watson. He specialises in DC schemes where he advises on all aspects of investment including investment strategy; selection and monitoring of fund managers and providers; as well as transitions. Mr Herbert has 20 years' of investment and consulting experience, joining Willis Towers Watson in 2009.
Anne Lester, Managing Director, is a portfolio manager and Head of Retirement Solutions for J.P. Morgan Asset Management’s Global Investment Management Solutions. She is a seasoned asset allocation specialist who has been responsible for the development of the firm’s defined contribution asset allocation strategies including the JPMorgan SmartRetirement target date funds and the firm’s Dynamic Withdrawal strategy. Prior to joining the Multi-Asset Solutions team in 2000, Ms Lester worked as a fixed income and currency trader and portfolio manager in the firm’s Milan office. Before beginning her career with J.P. Morgan, she was a Fulbright Scholar in 1990, spending more than a year in Tokyo working for a member of the Japanese Parliament. Previously, she worked for the U.S. Senate Government Affairs Committee. Ms Lester holds an MA in International Economics and Japan Studies from Johns Hopkins University’s School for Advanced International Studies, and an AB in Politics from Princeton University.
Peter Hobbs is Managing Director of Private Markets based in bfinance’s London office. He covers the Real Estate, Infrastructure, Private Equity and Private Debt Markets. The bfinance Private Markets team provides a series of services including portfolio strategy and design, portfolio risk reviews and solutions, investment manager search and selection and due diligence. Mr Hobbs has over 25 years of both principal investing and research experience. He joined bfinance from MSCI where he was Managing Director for Real Estate Research and Key Global Accounts, responsible for benchmarking and portfolio analysis, risk services and method development. Prior to this, he held various senior global research and business development roles with IPD, RREEF – the alternatives asset management division of Deutsche Bank, and Property & Portfolio Research. In 2015 Mr Hobbs was shortlisted for Outstanding Industry Contribution at the IPE Real Estate Global Awards 2015. He holds a PhD and is a member of the Royal Institution of Chartered Surveyors (MIRCS).
Declan Canavan, Managing Director, is Client Portfolio Manager for Alternatives EMEA, J.P. Morgan Asset Management, having joined the team in 2014. Previously he worked in J.P. Morgan’s Investment Bank in New York and London in senior roles in the hedge funds, financing and structured credit businesses. Prior to returning to J.P. Morgan Mr Canavan worked for Barclays Capital as a Managing Director in the Alternative Investment team in London.
Craig Brown is Institutional Distribution Director at Mobius Life with responsibility for driving further growth in institutional client relationships and assets under management. He has over 30 years’ industry experience as a consultant and relationship manager. Previously he was Head of Global Consultant Relations at Legal and General Investment Management where he was responsible for developing LGIM's relationships with the leading global consultant firms. Prior to LGIM Mr Brown was Head of Consultant Relationships at HSBC Investments and before that was a Client Director at Deutsche Asset Management, and a Senior Consultant at Mercer Investment Consulting
John Lawson is Head of Financial Research at Aviva UK & Ireland Life, and a management team member of Aviva’s platform business. His role includes speaking with the UK government on policy issues, both on behalf of Aviva and as a representative of the UK insurance industry. He also contributes to the development of market strategy in accumulation and retirement markets. Mr Lawson has wide experience of the pensions industry and is a frequent commentator on pension issues in the press. He was named Corporate Adviser Personality of the Year for 2014.
Sonia Kataora is an Associate within Barnett Waddingham’s Investment Consulting practice. She specialises in providing advice on all aspects of pension scheme investment, including investment strategy reviews, investment manager selection and performance monitoring. Ms Kataora is heavily involved in conducting DC investment strategy research and development within Barnett Waddingham, aimed at improving standards of DC governance, encouraging member engagement and designing robust investment solutions seeking to maximise member outcomes at retirement. Her role often sees her give training sessions to new and experienced trustees and company representatives on investment strategy issues. Ms Kataora’s current DC appointments involve providing investment support to a portfolio of master trust clients and a number of standalone schemes with assets of varying sizes.
Chair & Moderator (2)
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 is a member-nominated trustee director of the Pearson Group Pension Plan and a committee member of the Association of Member-Nominated Trustees.
Angus Peters has reported on a wide variety of issues affecting DB and DC schemes since joining Pensions Expert in June 2016. Having been introduced to the world of pensions and investment as an intern at Pensions Expert and MandateWire, he went on to work as a reporter at The Sun Online before returning to the FT.
Attendance is complimentary* for pension scheme investment decision makers including:
- Scheme Managers
- Heads of Pensions
- Pension Scheme Board Members
- Independent trustees and consultants
*Places are strictly limited and subject to approval by the Publisher.
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.
In association with (1)
J.P. Morgan is a global leader in investment management, dedicated to creating a strategic advantage for institutions by connecting clients with J.P. Morgan investment professionals globally. The firm seeks to deliver first-class investment results to some of the world’s most sophisticated organizations, including corporate pension plans, endowments, foundations, insurance companies, sovereign wealth funds and government-affiliated institutions.
J.P. Morgan is distinguished by its capital markets knowledge, global investment expertise and the long-term, proactive partnerships it establishes with clients. Our investment strategies span equity, fixed income, real estate, private equity, hedge funds, infrastructure and asset allocation.