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Rethinking DC

Alternative Strategies to the Default Design

London |
Speakers include:
Andy Cheseldine

Andy Cheseldine

Capital Cranfield

John Chilman

John Chilman

National Grid

Dianne Day

Dianne Day

Independent Trustee Services

Overview

Pensions Expert in partnership with Aberdeen Standard Investments, are pleased to present Rethinking DC, an executive forum looking at alternative strategies for generating returns and enhancing member involvement.

As markets continue to be volatile, DC schemes need to reassess their approaches to deliver more consistent outcomes. To achieve this, it is essential to understand members’ needs and engage them more in long-term decisions. How can schemes change the mindset of members and encourage them to become more involved in the early stages? How can they educate their members better?

In addition to seeking out ways to enhance member engagement, DC schemes are also focusing on alternative approaches to minimise volatility and achieve adequate outcomes. Can diversified multi-asset growth strategies be the remedy? Should DC plans seek strategies that generate better pensions? Amid this search, how can ESG funds help DC schemes in delivering better returns? Would providing clarity to trustees on ESG help them adopt it in their investment decisions?

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fallback Add to my Calendar 11/21/2017 08:30:0011/21/2017 13:00:00trueRethinking DCPensions Expert in partnership with Aberdeen Standard Investments, are pleased to present Rethinking DC, an executive forum looking at alternative strategies for generating returns and enhancing member involvement.As markets continue to be volatile, DC schemes need to reassess their approaches to deliver more consistent outcomes. To achieve this, it is essential to understand members’ needs and engage them more in long-term decisions. How can schemes change the mindset of members and encourage them to become more involved in the early stages? How can they educate their members better?In addition to seeking out ways to enhance member engagement, DC schemes are also focusing on alternative approaches to minimise volatility and achieve adequate outcomes. Can diversified multi-asset growth strategies be the remedy? Should DC plans seek strategies that generate better pensions? Amid this search, how can ESG funds help DC schemes in delivering better returns? Would providing clarity to trustees on ESG help them adopt it in their investment decisions?Rethinking-DC0c32d558b01fbaee2e9907f093e76b89MM/DD/YYYY

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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Speakers (12)

Andy Cheseldine

Andy Cheseldine

Professional Trustee
Capital Cranfield

Andy Cheseldine joined Capital Cranfield Trustees in 2017. Before joining Capital Cranfield, he has acted as adviser to trustees and employers at Watson Wyatt, Hewitt Bacon & Woodrow and latterly as a partner at LCP. He has a substantial experience in advising on regulatory, governance, change management, investment (particularly asset security), provider selection and communication issues. He was appointed as Chair of Trustees to the Smart Pension Master Trust in September 2017. He was elected to the DC Council of the Pensions and Lifetime Savings Association (National Association of Pension Funds at the time) in 2013 and re-elected in 2016.

John Chilman

John Chilman

Group Head of Pensions
National Grid

John Chilman joined National Grid in May 2017, where he has responsibility for pensions and other post-employment benefits across the UK and US. He is also the Chairman of the £27bn Railways Pension Scheme and is a director of Railpen Investments. In addition, he is an Independent Trustee of the Nestlé UK Pension Fund, where he chairs the DC committee.

He was previously at FirstGroup plc, where he had global responsibility for pensions and was a Trustee of their pension arrangements in the USA and Canada.Mr Chilman qualified as a Chartered Accountant with PwC and after a number of financial roles in South West Electricity and Shell moved into pensions upon joining FirstGroup in 1999. He had a two-year stint as Group Head of Reward at HBOS, before returning to FirstGroup in 2005. He has an MA in Geography from St. Anne’s College, Oxford.

Dianne Day

Dianne Day

Client Director
Independent Trustee Services

Dianne Day has been a trustee for over 10 years, both in the UK and Australia. Since 2015 she has been a professional trustee with Independent Trustee Services, with appointments on a variety of DC pensions including occupational schemes, master trusts and an Independent Governance Committee.  Prior to her trustee career, she worked in the highly competitive Australian investment management industry for firms including BT and Aberdeen, including responsibility for member, employer and intermediary communications. 

Mark Fawcett

Mark Fawcett

Chief Investment Officer
NEST

Mark Fawcett has been an investment manager for over 27 years and managed money at a variety of institutions. He was head of Japanese equities at Gartmore, and held the role of chief investment officer at American Express Asset Management International. Before joining NEST, he was a partner at the boutique investment manager Thames River Capital LLP. Mr Fawcett has an MA from Oxford University and an MSc from London Business School.

Andy Ford

Andy Ford

Senior Investment Specialist, Multi-Asset Investing
Standard Life Investments

Andy Ford is an Investment Director in the Multi-Asset Investment Specialist Team at Aberdeen Standard Investments (previously operating as Standard Life Investments). He joined Standard Life Investments in 2012 after a number of years working as an equity research analyst covering the alcoholic beverages sector. Prior to joining SLI, he worked at Citigroup, Goldman Sachs and JP Morgan Cazenove. He holds the Chartered Financial Analyst and Professional Risk Manager (PRM) designations. He was named “Candidate of the Year” for the Associate PRM in 2013 due to scoring the highest mark globally on the exam, which is offered in 165 countries. He also holds the Investment Management Certificate and graduated from the University of Cambridge with an MA Cantab in 2002.

Mark Futcher

Mark Futcher

Partner and Head of DC and Workplace Wealth
Barnett Waddingham

Mark Futcher is the Head of Workplace Wealth (including DC), advising a range of UK businesses on their workplace health and wealth issues that employers use to recruit, retain and improve their workforce. He has substantial experience in advising trustees, modernising DC schemes in the context of the overall benefit packages and increasing employee engagement. He is Engaged Investor's Best Individual Pensions Consultant of the year 2016

Ross Hayter

Ross Hayter

Private Markets Investment Specialist
Standard Life Investments

Ross Hayter is an Investment Specialist for Private Markets. He is responsible for developing Private Market initiatives covering Real Estate, Private Equity, Private Credit and Infrastructure at Aberdeen Standard Investments. He has held a number of roles since joining the Standard Life Group in 2008. He is a Fellow of the Institute and Faculty of Actuaries and also holds a BSc (Hons) in Mathematics from the Durham University.

Luke  Hildyard

Luke Hildyard

Policy Lead for Stewardship and Corporate Governance
Pensions and Lifetime Savings Association

Luke Hildyard joined the Pensions and Lifetime Savings Association in November 2015. As Policy Lead for Stewardship and Corporate Governance, he works to support members in making sustainable investments and engaging with the companies they invest in. This can involve working with policymakers and regulators in the UK and Europe on corporate governance policy and consultations; carrying out research into responsible investment issues, such as climate change or employee relations; and writing PLSA’s annual publications on stewardship, including the Association’s Annual General Meeting voting guidelines and survey of their members’ stewardship activity.

Prior to joining the Association, Mr Hildyard was Deputy Director of the High Pay Centre think-tank. He has also worked for a number of other think-tanks and in local government. He has a degree from Sussex University and an MA from King’s College, London.

Brian Henderson

Brian Henderson

Partner, UK DC and Savings Leader
Mercer

Dr Brian Henderson is a Partner at Mercer and leads the UK Defined Contribution (DC) and Financial Wellness team. He is also a member of the Mercer European and Global DC Leadership teams and has advised some of the largest DC Schemes in the UK and overseas. He has over 20 years’ experience including investment consulting and performance measurement. Before joining Mercer in 2008, he was a Senior Consultant within Hymans Robertson LLP. Prior to that, he was a director of The WM Company, the specialist performance measurement firm. Dr Henderson has a PhD in Engineering from Heriot-Watt University, Edinburgh.

Laura Myers

Laura Myers

Partner and Head of DC investment
Lane Clark & Peacock

Laura Myers is head of Defined Contribution investment team at Lane Clark & Peacock, advising a range of DC schemes from contract based to Trust. She provides her clients with advice on a wide range of DC areas, including identifying appropriate investment strategies and managers and the efficient implementation of any investment changes. She leads Lane Clark & Peacock’s research on pension platform providers and investment manager’s DC solutions. She is a Chartered Financial Analyst.

Sophia Singleton

Sophia Singleton

Partner and Head of Defined Contribution Consulting
Aon Hewitt

Sophia Singleton is a partner and Head of Defined Contribution Consulting Team at Aon Hewitt, with over 19 years' experience in the pensions industry.  She advises trustee and corporate clients on a range of DC pension and savings issues including scheme governance, benefit design, investment strategy and member engagement. As well as leading the DC consulting team, she is responsible for the recent launch of Aon's Delegated DC Service, bringing the fiduciary model to the DC world.

Euan  Stirling

Euan Stirling

Head of Stewardship and ESG Investment
Aberdeen Standard Investments

Euan Stirling manages the ESG Investment Team at Aberdeen Standard Investments (previously operating as Standard Life Investments) and is based in Edinburgh. In this role he monitors the governance, stewardship and responsible investment activities of our investee companies on behalf of their clients. Previously he worked for Schroder Investment Management as a Fund Manager on the UK Equity desk before joining Standard Life Investments in 2001 as Investment Director, UK Equities. Mr Stirling has 21 years of industry experience and is a Chartered Accountant.

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FT Chairs (2)

Angus Peters

Angus Peters

Associate Editor
Pensions Expert

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.

Pádraig  Floyd

Pádraig Floyd

Financial Journalist

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. 

Agenda - 21st Nov

  • 8:30am
    Delegate registration and coffee
  • 9:00am
    Opening remarks

    Pádraig Floyd, Financial Jounalist and Trustee Director, Pearson Group Pension Plan

  • 9:05am
    Dual interview: The importance of ESG
    • Why have some DC schemes not yet incorporated ESG criteria within default funds? How does member demographics and change of priorities (e.g millennials’ beliefs about climate change) affect the adoption of ESG? 
    • How can DC schemes provide enough clarity for trustees on ESG definitions and terminologies? Would removing the uncertainty help trustees adopt ESG in their investment decisions? 
    • Is there convincing evidence that companies with strong ESG investment strategies deliver better returns?

    Luke Hildyard, Policy Lead: Stewardship and Corporate Governance, Pensions and Lifetime Savings Association

    Euan Stirling, Head of Governance and ESG investment, Aberdeen Standard Investments

    Moderator: Pádraig Floyd, Financial Jounalist and Trustee Director, Pearson Group Pension Plan

  • 9:35am
    Panel: Changing the mindset of members
    • Employee and employer contribution levels are crucial for achieving adequate outcomes in DC. What strategies can pension funds use to get more investment from members into DC schemes, and how should employers be encouraged to contribute more than the minimum?
    • It is important to keep contributions going in all environments. How can schemes make sure members are not put off when markets fall? 
    • Members generally become interested in their scheme when they are approaching retirement. How can schemes encourage members to become more involved in early stages and make long-term decisions? 
    • How can DC plans educate their members better? Does bringing probability of different outcomes into the equation change members’ perspectives?

    Mark Futcher, Partner and Head of DC and Workplace Wealth, Barnett Waddingham

    Andy Cheseldine, Professional Trustee, Capital Cranfield

    Brian Henderson, Partner, UK DC and Savings Leader, ‎Mercer

    Dianne Day, Client Director, Independent Trustee Services

    Moderator: Pádraig Floyd, Financial Jounalist and Trustee Director, Pearson Group Pension Plan

  • 10:20am
    Networking coffee break
  • 10:45am
    Presentation from Aberdeen Standard Investments

    Ross Hayter, Private Markets Investment Specialist, Standard Life Investments

    Andrew Ford, Investment Specialist, Standard Life Investments

  • 11:15am
    Panel: Focusing on outcomes
    • Does lower volatility pay for long-term investing? Should DC plans that rely heavily on volatile assets such as equities reassess their approach?
    • How can diversified multi-asset growth strategies help deliver more consistent outcomes?
    • How can DC plans best serve the ‘squeezed middle’ who lack investment knowledge but form a majority of the membership? Should DC plans seek strategies that generate better pensions, rather than aiming for tax-free cash?
    • How is the post-retirement landscape evolving for drawdown members?

    Sophia Singleton, Partner and Head of DC Consulting, Aon Hewitt

    John Chilman, Group Head of Pensions, National Grid

    Laura Myers, Partner and Head of DC investment, Lane Clark & Peacock

    Mark Fawcett, Chief Investment Officer, NEST

    Moderator: Angus Peters, Associate Editor, Pensions Expert

  • 12:00pm
    Closing remarks

    Angus Peters, Associate Editor, Pensions Expert

  • 12:05pm
    Networking lunch

Venue

Financial Times Headquarters
One Southwark Bridge
London SE1 9HL

United Kingdom

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

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