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Pensions Expert Local Government Pension Scheme Forum 2019

London |
Speakers include:
Denise  Le Gal

Denise Le Gal

Brunel Pension Partnership

Daniel  Booth

Daniel Booth

Border to Coast Pensions Partnership Limited

Richard Tomlinson

Richard Tomlinson

LPP

Overview

This year's Pensions Expert LGPS Forum will bring you all you need to improve the governance of your local authority pension fund – case studies, interactive panel debates and exclusive industry insight. The event will explore current challenges in the investment landscape and how to navigate bumpy markets while generating enough return to meet funding targets, next steps on the responsible investment journey and how LGPS pooling can extend beyond investment. These themes coupled with exclusive insight from Pensions Expert will bring you one step ahead in the LGPS space.  

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fallback Add to my Calendar 09/12/2019 08:30:0009/12/2019 15:05:00truePensions Expert Local Government Pension Scheme Forum 2019This year's Pensions Expert LGPS Forum will bring you all you need to improve the governance of your local authority pension fund – case studies, interactive panel debates and exclusive industry insight. The event will explore current challenges in the investment landscape and how to navigate bumpy markets while generating enough return to meet funding targets, next steps on the responsible investment journey and how LGPS pooling can extend beyond investment. These themes coupled with exclusive insight from Pensions Expert will bring you one step ahead in the LGPS space.  Pensions-Expert-Local-Government-Pension-Scheme-Forum-2019bd1b8da2b0be8ff51afd1e227d70a632MM/DD/YYYY

Speakers (9)

Denise  Le Gal

Denise Le Gal

Independent Chair
Brunel Pension Partnership

As well as being Chair of Brunel Pension Partnership Ltd, Denise Le Gal is Chairman of the LGA’s Local Government Pension Committee (LGPC) and Board Member LGPS Scheme Advisory Board. She is also a Trustee Director of the JP Morgan UK Retirement Plan.  Denise holds a BA from Carleton University. She left Canada in 1985 to complete an MBA at INSEAD and subsequently pursued a career in banking at Salomon Brothers, Chase Manhattan and IBJ.

Daniel  Booth

Daniel Booth

Chief Investment Officer
Border to Coast Pensions Partnership Limited

Daniel Booth has over twenty years’ investment experience including extensive breadth and depth across alternative asset investments. Daniel joined Border to Coast in September 2018 as Chief Investment Officer following 8 years at Saudi Aramco where he was Head of Portfolio Management. Daniel successfully set-up Saudi Aramco alternative asset programs (Absolute Return, Private Markets & Real Assets) and span-out the corporate investment department into a subsidiary. Prior to this he worked in Germany as the senior founding member of Prime Capital investment team and as an Investment Director at consultancy FERI. He started his career as an Interest Rates dealer and worked as a Derivative Portfolio Manager.

Richard Tomlinson

Richard Tomlinson

Deputy CIO
LPP

Richard is Deputy CIO at LPP and has broad responsibility for management and oversight of the investment portfolio and client activity. Richard’s direct responsibilities include asset allocation, macro research, portfolio strategy and client management. Richard has over 17 years of investment experience. Prior to joining LPP in 2017, Richard was Head of Portfolio Advisory (EMEA) at Albourne Partners for six years where he advised European investors on alternative investments, portfolio construction and risk management. Earlier in his career, Richard was Head of Multi-Strategy at Old Mutual Asset Managers and prior to this, an analyst at GNI Fund Management. Richard holds a degree and a masters degree in Engineering from the University of Cambridge and is a Chartered Alternative Investment Analyst.

Jérôme  Sousselier

Jérôme Sousselier

Managing Director
ICG

Jerome joined ICG in May 2018 and is a Managing Director in the European Infrastructure Equity team. He is responsible for identifying, analysing and executing investment opportunities within this strategy. Prior to joining ICG, he was Head of Infrastructure at EDF Invest where he was responsible for sourcing, executing and managing deals that led to the constitution of a portfolio of eight infrastructure assets worth €1.6bn. Jerome has previous investing experience gained at GE Alstom, a leading energy & transportation company, where he led M&A transactions as well as large operational joint venture projects. Prior to that he worked at Goldman Sachs in European M&A and BHP Billiton in physical energy trading. Jerome received an MBA from Berkeley and graduated from Sciences Po (Paris) in Economics & Finance.

Mark Lyon

Mark Lyon

Head of Equities and Alternatives
Border to Coast Pensions Partnership

Mark is the Head of Equities and Alternatives at Border to Coast Pensions Partnership, a 46bn local government pension pool. Mark has 17 years’ experience in investment management in the LGPS in his current role, and as Head of Investments for the Derbyshire and East Riding pension funds. He is a CFA charterholder and has managed direct investments in UK and European equities as well as a wide range of Alternatives. He has also contributed to the development of the ACS and Private Markets structures at Border to Coast. Prior to working in investment management, Mark worked in Corporate Finance and Audit for BDO Stoy Hayward where he qualified as a Chartered Accountant.

Cllr. Richard Olszewski

Cllr. Richard Olszewski

Cabinet Member for Finance and Transformation
London Borough of Camden

Richard Olszewski has been an elected councillor on the London Borough of Camden for more than 12 years. He is currently Cabinet Member for Finance and Transformation. In this capacity, he gives political leadership and decision-making on the council’s finances and budget planning, asset disposals, capital investment programme, digital technology, HR and regulatory services. He also chairs the council’s Pension Board, which has responsibility for overseeing its main Pension Committee in ensuring compliance with the Local Government Pension Scheme Regulations, other legislation relating to governance and administration, and the requirements of the Pension Regulator. The Pension Board also has responsibility to ensure the effective and efficient governance and administration of the council’s scheme. Professionally, Richard is a senior public affairs consultant, with a breadth of sectoral experience, including health, financial services, property development, retail, transport, energy and the environment. He has more than 25 years experience dealing with Westminster and Whitehall, including more than six years as a special adviser to former Cabinet minister, John Reid in six different departments. He dealt with the strategic aspects of policy development and public services reform, as well as the day-to-day political and presentational impacts of government decision-making.

Jeff Houston

Jeff Houston

Head of Pensions
The Local Government Association

Jeff Houston has over 30 years experience in the LGPS starting his career at Merseyside CC. In 1992 he moved to LPFA from the City of Westminster, where he was pensions manager, and over the next 19 years took on a number of different roles including shared service and third party initiatives, communications & PR, and governance & legal functions. He was a member of the CLASS Group Management Team as well as being chair of the CLASS Police & Fire Group. In 2011 Jeff took on the role of Head of Pensions at the Local Government Association where he is responsible for policy matter relating to pension reform and representing local government interests in the development of the LGPS. He is a Secretary to the Local Government Pensions Committee and the LGPS 2014 project and is a member several other national working parties and committees.

Chris Sier

Chris Sier

Chairman
ClearGlass

Chris chaired the UK Financial Conduct Authority's panel investigating costs, fees and transparency in institutional investment 2017-18, and has worked with the World Bank, EIOPA, the Committee on Workers Capital and institutional investors around the world on the same subject. He is also Fintech Envoy for England for the UK Treasury and Chairman of Fintech North, the innovation community for the North of England. Combining these two worlds he is Chairman of two fintechs, each looking at different aspects of the pensions market: ClearGlass sits between asset managers and pension funds and operates a near-zero price model for the collection and analysis of pension fund cost data; and AgeWage tackles the problem of orphan pension pots. In addition, Chris is Visiting Professor of Financial Technology at the University of Leeds and in the distant past he was a police officer in Edinburgh

Nicholas Barr

Nicholas Barr

Professor of Public Economics
London School of Economics

Nicholas Barr is Professor of Public Economics at the London School of Economics and the author of numerous articles, and author or editor of over twenty books, including The Economics of the Welfare State (5th edition, 2012) and Pension Reform: A Short Guide (with Peter Diamond) (2010, also in Chinese and Spanish). The heart of his work is an exploration of how market failures can both explain and justify the existence of welfare states. He is a member of the Editorial Board of the International Social Security Review and an Associate Editor of CESifo Economic Studies, the Australian Economic Review and the Journal of the Economics of Ageing. Alongside teaching and research is wide-ranging involvement in policy, including at the World Bank working the design of income transfers in Central and Eastern Europe after the collapse of communism, as Visiting Scholar at the IMF, and as member of the World Economic Forum Global Agenda Councils on Demographic Shifts and on Ageing Society. Since the mid 1980s he has been active in the debate on financing higher education, advocating a system of tuition fees fully covered by income-contingent loans. He and his colleague Iain Crawford have been described as the architects of the 2006 reforms in England, and he led the team that designed the student loan system in Hungary. He is also involved in pensions policy. He was a member of a small group invited to advise the government of China, presenting their findings to the Premier in 2004; and he and Peter Diamond presented a follow-up report in 2009. More recently, he was a member of a Presidential Commission on Reform of the Pension System in Chile. A range of academic and policy writing can be found on http://econ.lse.ac.uk/staff/nb/

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Chair (1)

Angus Peters

Angus Peters

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.

Agenda - 12th Sep

  • 8:30am
    Registration
  • 8:55am
    Opening Remarks

    Angus Peters, Editor, Pensions Expert

  • 9:00am
    Making fund management work for pools
    • Creating a transparent and open process granting new fund managers the opportunity to work with pension pools
    • Setting relevant filters for various each asset class in line with scheme wide objectives and client demands to ensure compatibility
    • Highlighting due diligence as a key factor throughout the selection process
    • Ensuring all requirements are met by the selected fund manager to avoid regular change in fund managers
    • Drawing from lessons learned in existing fund manager-scheme relationship

    Daniel Booth, CIO, Border to Coast Pensions Partnership

  • 9:20am
    Highlighting the importance of ESG as a core part of the LGPS investment portfolio
    • Effectively Reporting on Environmental, Social and Governance risks such as climate change as part of investment principles in line with DWP requirements
    • Assessing the tendency for large scheme have ESG policies and their ability to trickle down to smaller schemes
    • Thinking of wider policy on engagement activities and stewardship across all asset classes and types 
    • Reviewing the governance amendment regulation requiring pension regulator update on including climate change and other risk issues

    Denise Le Gal, Chair, Brunel Pension Partnership Ltd

  • 9:40am
    Equities in a turbulent world: Do alternatives offer a more stable path to growth?
    • Current focus on real assets and infrastructure
    • Reviewing existing infrastructure to support the increase in alternative investments
    • Comparing and contrasting infrastructure, renewable energy and farmland as viable and rewarding investments
    • Best alternatives for LGPS needs
    • Achieving sound returns and mitigating exposing funds to higher risk than traditional equities
    • Emerging markets versus developed markets

    Jérôme Sousselier, Managing Director, ICG

  • 10:00am
    Interactive Q&A Panel

    The moderated Q&A panel grants attendees the chance to ask questions directly on the content delivered in the three preceding sessions. It also allows for broader cover of the session theme with audience input and experience sharing.

    Slido will be enabled throughout the panel allowing the audience to ask questions in live time both during the session and during the panel.

    Mark Lyon, Head of Equities and Alternatives, Border to Coast Pensions Partnership
    Denise Le Gal, Chair, Brunel Pension Partnership Ltd
    Daniel Booth, CIO, Border to Coast Pensions Partnership
    Jérôme Sousselier, Managing Director, ICG

    Chair: Angus Peters, Editor, Pensions Expert

  • 10:30am
    Morning refreshments
  • 11:00am
    How new governance structures could improve LGPS outcomes
    • Assessing the advantages, implications and possibility for change linked to various LGPS governance structures
    • Highlighting the power of full delegative authority on the ability to drive change and achieve goals against a reasonable time frame
    • Debating the trade-off between complex governance structures and the speed of the decision-making process
    • Reviewing existing pooling vehicles whilst recognising delegative authority as a means of simplifying processes such as fund
    • selection

    Richard Tomlinson, Deputy CIO, Local Pensions Partnership

  • 11:20am
    Facing administration challenges head on through sound governance and transparency
    • Ensuring responsibilities are clearer communicated and known to avoid obstacles when implementing strategy
    • Outlining a clear decision making process to avoid delays in setting out action plans, especially those that are time sensitive and dependent on current market conditions
    • Actioning the centralisation all data as a means of supporting administration by eliminating the need to re-verify data

    Chris Sier, Chairman, ClearGlass

  • 11:40am
    Preparing for the 2019 LGPS valuation
    • Ensuring all aware of their respective responsibilities as well as any risks posed on participating employers
    • Centralising data as employer participation continues to grow in the LGPS space
    • Maintain awareness of employer assets to reduce the amount of work needed in the valuation
    • Placing risk management at the core of valuation preparation to understand viability of funding strategies

    Jeff Houston, Head of Pensions, Local Government Association

  • 12:00pm
    Interactive Q&A Panel

    The moderated Q&A panel grants attendees the chance to ask questions directly on the content delivered in the three preceding sessions. It also allows for broader cover of the session theme with audience input and experience sharing.

    Slido will be enabled throughout the panel allowing the audience to ask questions in live time both during the session and during the panel.

    Richard Tomlinson, Deputy CIO, Local Pensions Partnership
    Chris Sier, Chairman, ClearGlass
    Jeff Houston, Head of Pensions, The Local Government Association
    Nicholas Barr, Professor of Public Economics, LSE

    Chair:Angus Peters, Editor, Pensions Expert

  • 12:30pm
    Lunch
  • 1:30pm
    Interactive Roundtable Discussions

    Each roundtable will consist of 45 minutes and be run for two rounds allowing delegates to engage in more than one discussion on the below topics. The purpose of the roundtables is to allow delegates and hosts to engage with another directly by sharing experiences, suggesting strategies and finding collaborative solutions to common challenges.

    Roundtable 1

    How LGPS consolidation could extend beyond asset pooling

    Roundtable 2

    Successfully implementing ESG policies at level to influence wider implementation
    Councillor Richard Olszewski, Cabinet Member for Finance and Transformation, London Borough of Camden

    Roundtable 3

    Investing outside of the UK and what this means for LGPS

    Roundtable 4

    Debating the impact of Brexit dividends in a post-agreement environment

    Roundtable 5

    Analysing the UK residential property market - are bricks and mortar Brexit-proof?

  • 3:00pm
    Closing Remarks

    Angus Peters, Editor, Pensions Expert

Who Attends?

Attendance is complimentary only for Local Government Pension Scheme Investment Decision Makers including:

  • Pension Fund Officer
  • Chief Finance Officer
  • Councilor
  • Head of Finance
  • Pensions Manager, Head of Pensions
  • Pension Scheme Manager
  • Payroll Manager
  • Senior Accountant
  • Head of Treasury
  • Investment Manager
  • Trustees

*If this fits your profile, please apply now for your complimentary place. 
**Please note: Places are strictly limited and subject to approval by FT Live. If you are unsure whether you fit the criteria exactly, please do register your interest and we will be able to review your application. Complimentary places exclude any hotel or travel costs incurred.

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Venue

Bracken House
1 Friday Street
London EC4M 9BT

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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.

Sponsored By (1)

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