Events

The Pension Regulator's annual funding statement provides trustees and sponsors with new expectations on running their schemes. Our team of scheme funding, investment and covenant experts will provide practical advice and a pragmatic approach to help you address the following: 

  • Categorisation | Identifying which of TPR's scheme categories applies and what actions are expected
  • Long-term Funding Targets (LTFT) | An explanation of the new targets and how to identify which one is appropriate for your scheme
  • Journey plan | What actions trustees and sponsors should be taking to set a fully and coherent plan to meet their LTFT
  • Investment risk | When to take investment risk to help achieve your LTFT
  • Covenant | How covenant strength will affect the journey plan

9:00am start - 10:30am close with coffee

Venue

10 Carlton House Terrace
London
SW1Y 5AH

Register your place here

This half-day course takes trustees through the key steps that they will need to take as part of their triennial scheme funding valuation looking particularly at the assessment of the employer covenant, the setting of key assumptions and the development and monitoring of an integrated risk management plan.

This course would be ideal for trustees who are just about to embark on a triennial valuation and who would like some training in advance of starting the process. It should be useful for both new and experienced trustees. The course will cover the legal and regulatory requirements of the scheme funding process as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

Covenant:

  • An overview of the employer covenant and the scenarios in which it is usually assessed
  • The factors typically considered in a covenant assessment, including the Pensions Regulator’s guidance on assessing covenant
  • The impact of the employer covenant on a scheme’s investment and funding strategy

Funding:

  • An overview of the scheme funding process and the Pensions Regulator’s code of practice and guidance on scheme funding
  • Setting the key assumptions, in particular the discount rate and mortality assumptions
  • Considerations when agreeing a recovery plan with the employer

Integrated Risk Management (IRM):

  • Background to the introduction of IRM by the Pensions Regulator and its potential benefits
  • Practical steps for putting an IRM framework in place
  • Possible approaches for ongoing monitoring of the key risks

Price: £295+VAT (to include all course materials, lunch and refreshments)

​​9.30am to 1pm followed by lunch

Venue:
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

For Trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.
 
Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.
 
The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.
 
Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

​​09:30 to 16:30 including lunch

Venue
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

Since the introduction of pension freedoms in 2015, many members have made poor transfer decisions and have received lower retirement outcomes as a result.  This has had a major impact for members and has presented trustees and employers with one of their biggest challenges.

At this session we will share findings from our 2019 member outcomes survey and provide practical guidance on what employers and trustees can do to engage with members and ensure they make informed decisions. 

We will be joined by:

The Pensions Advice Taskforce, who will explain how their recently launched “Pension Transfer Gold Standard” will improve the quality of financial advice and; 

WPS Advisory who will discuss how they are adapting their advice process to help members make the right decisions for them.

Topics include:

  • How does your scheme's experience of transfers compare to your peers?
  • What are trustees' and employers' responsibilities?
  • Best practice in engaging with your members
  • The Pension Transfer Gold Standard; and
  • Trends in financial advice and what the future of advice will look like.

9am - 10.30am

Venue
Central Leeds 

Book your place here

The Pension Regulator's annual funding statement provides trustees and sponsors with new expectations on running their schemes. Our team of scheme funding, investment and covenant experts will provide practical advice and a pragmatic approach to help you address the following: 

  • Categorisation | Identifying which of TPR's scheme categories applies and what actions are expected
  • Long-term Funding Targets (LTFT) | An explanation of the new targets and how to identify which one is appropriate for your scheme
  • Journey plan | What actions trustees and sponsors should be taking to set a fully and coherent plan to meet their LTFT
  • Investment risk | When to take investment risk to help achieve your LTFT
  • Covenant | How covenant strength will affect the journey plan

9:00am start - 10:30am close with coffee

Register for event here

This half-day course takes trustees through the key issues involved in deciding whether and how to implement liability-driven investment (LDI) strategies.

Interest rate and inflation risks are typically two of the most significant financial risks faced by defined benefit pension schemes in the UK. Liability-driven investment LDI strategies aim to manage these risks. We continue to see significant growth in the LDI toolkit that is available to schemes as investment managers react to the increasing demand for such solutions. This is all happening at an interesting time, where long-term interest rate expectations are near, or at, all-time lows.

Our course will cover:

  • An introduction to the principles behind LDI and how LDI strategies work
  • The tools available to manage interest rate and inflation risks within a pension scheme
  • The key issues to be aware of when using LDI
  • How appropriate an LDI solution is in the current low-yield environment

Price: £295+VAT (to include all course materials, lunch and refreshments)

​​9.30am to 1pm followed by lunch

Venue:
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

The Pension Regulator's annual funding statement provides trustees and sponsors with new expectations on running their schemes. Our team of scheme funding, investment and covenant experts will provide practical advice and a pragmatic approach to help you address the following: 

  • Categorisation | Identifying which of TPR's scheme categories applies and what actions are expected
  • Long-term Funding Targets (LTFT) | An explanation of the new targets and how to identify which one is appropriate for your scheme
  • Journey plan | What actions trustees and sponsors should be taking to set a fully and coherent plan to meet their LTFT
  • Investment risk | When to take investment risk to help achieve your LTFT
  • Covenant | How covenant strength will affect the journey plan

9:00am start - 11:00am close with coffee

Venue

Waldorf Astoria
The Caledonian
Boardroom Suite
Princes Street
Edinburgh
EH12AB

Register for event here

The Pension Regulator's annual funding statement provides trustees and sponsors with new expectations on running their schemes. Our team of scheme funding, investment and covenant experts will provide practical advice and a pragmatic approach to help you address the following: 

  • Categorisation | Identifying which of TPR's scheme categories applies and what actions are expected
  • Long-term Funding Targets (LTFT) | An explanation of the new targets and how to identify which one is appropriate for your scheme
  • Journey plan | What actions trustees and sponsors should be taking to set a fully and coherent plan to meet their LTFT
  • Investment risk | When to take investment risk to help achieve your LTFT
  • Covenant | How covenant strength will affect the journey plan

9:00am start - 11:00am close with coffee

Register here for event

The Pension Regulator's annual funding statement provides trustees and sponsors with new expectations on running their schemes. Our team of scheme funding, investment and covenant experts will provide practical advice and a pragmatic approach to help you address the following: 

  • Categorisation | Identifying which of TPR's scheme categories applies and what actions are expected
  • Long-term Funding Targets (LTFT) | An explanation of the new targets and how to identify which one is appropriate for your scheme
  • Journey plan | What actions trustees and sponsors should be taking to set a fully and coherent plan to meet their LTFT
  • Investment risk | When to take investment risk to help achieve your LTFT
  • Covenant | How covenant strength will affect the journey plan

9:00am start - 10:30am close with coffee

Register for event here

For Trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.
 
Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.
 
The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.
 
Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

​​09:30 to 16:30 including lunch

Venue
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

This half-day course takes trustees through the key steps that they will need to take as part of their triennial scheme funding valuation looking particularly at the assessment of the employer covenant, the setting of key assumptions and the development and monitoring of an integrated risk management plan.

This course would be ideal for trustees who are just about to embark on a triennial valuation and who would like some training in advance of starting the process. It should be useful for both new and experienced trustees. The course will cover the legal and regulatory requirements of the scheme funding process as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

Covenant:

  • An overview of the employer covenant and the scenarios in which it is usually assessed
  • The factors typically considered in a covenant assessment, including the Pensions Regulator’s guidance on assessing covenant
  • The impact of the employer covenant on a scheme’s investment and funding strategy

Funding:

  • An overview of the scheme funding process and the Pensions Regulator’s code of practice and guidance on scheme funding
  • Setting the key assumptions, in particular the discount rate and mortality assumptions
  • Considerations when agreeing a recovery plan with the employer

Integrated Risk Management (IRM):

  • Background to the introduction of IRM by the Pensions Regulator and its potential benefits
  • Practical steps for putting an IRM framework in place
  • Possible approaches for ongoing monitoring of the key risks

Price: £295+VAT (to include all course materials, lunch and refreshments)

​​9.30am to 1pm followed by lunch

Venue:
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

We are delighted to announce Stephen King, Economist, Author, Evening Standard Columnist and Senior Economic Adviser to HSBC, will be our Keynote speaker for our London Conference together with experts from across XPS Pensions Group will share their most up to date and practical ideas to address the most topical issues for workplace pension schemes. More details will follow shortly.

Morning conference followed by seated lunch

Location: Science Museum, South Kensington, London

Book your place here

For Trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.
 
Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.
 
The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.
 
Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

​​09:30 to 16:30 including lunch

Venue
XPS Pensions Group Offices
10 South Parade
Leeds
LS1 5AL

Register for this course

This half-day course takes trustees through the key issues involved in deciding whether and how to implement liability-driven investment (LDI) strategies.

Interest rate and inflation risks are typically two of the most significant financial risks faced by defined benefit pension schemes in the UK. Liability-driven investment LDI strategies aim to manage these risks. We continue to see significant growth in the LDI toolkit that is available to schemes as investment managers react to the increasing demand for such solutions. This is all happening at an interesting time, where long-term interest rate expectations are near, or at, all-time lows.

Our course will cover:

  • An introduction to the principles behind LDI and how LDI strategies work
  • The tools available to manage interest rate and inflation risks within a pension scheme
  • The key issues to be aware of when using LDI
  • How appropriate an LDI solution is in the current low-yield environment

Price: £295+VAT (to include all course materials, lunch and refreshments)

​​9.30am to 1pm followed by lunch

Venue:
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here

Morning conference followed by seated lunch

Following on from our successful Northern Conference in January. Reserve your complimentary place now.  Topics and speakers to follow.

Venue
The Queens
City Square
Leeds
LS1 1PJ

Book your place here

 

For Trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.
 
Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.
 
The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.
 
Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

​​09:30 to 16:30 including lunch

Venue
XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Book your place here