Events

Thursday, 04 October 2018

Description

​Experts from across XPS will give you their most up to date, practical and commercial ideas to address workplace pension schemes.

Agenda

​​​08.30: Registration
09.15: Start
13.15: Close with lunch

Location

The Landmark Hotel
Marylebone Road
London
NW1 6JQ

Directions here

Register for event

Thursday, 11 October 2018
9:30 AM

Description

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.

XPS Pensions' 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)

Agenda

​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Thursday, 8th November 2018
9:00 AM

Description

On 18 July 2018, the Competition & Markets Authority published its provisional findings on competition within the investment consultancy and fiduciary management marketplace.  The report highlights the CMA’s concerns over how pension schemes have been guided towards fiduciary management and questions whether the low levels of engagement around appointing a fiduciary manager can impact member outcomes.

XPS Investment Team will explore what the July 2018 provisional decision might mean to the industry, how the participants can contribute to better results and what Trustees should be aware of when appointing a fiduciary manager.

Proposed agenda below:

The Competition and Market Authorities (‘CMA’) Review
 • A refresher on the background including its roots in the FCA asset management market study.
 • The CMA’s provisional findings published in July 2018 – what are the competitive problems?
 • Proposed remedies – what market changes have been proposed to increase competition?

The role of the industry in improving governance options and member outcomes
 • How can the fiduciary managers contribute to improvement?
 • How can the advisory firms contribute to improvement?
 • How can FM oversight contribute to improvement?

Appointing a fiduciary manager – How to do so and what to look out for
 • What form of management best suits you?
 • Full, partial and sleeve – the merits of each.
 • How to construct an effective search
 • What should you be looking for as you evaluate an FM for appointment?
 • How can you measure success?

 Questions – an open forum

Location

10-11
Carlton House Terrace
SW1 Y5AH

Directions here

Register for this event

Tuesday, 27 November 2018
9:00 AM

Description

On 18 July 2018, the Competition & Markets Authority published its provisional findings on competition within the investment consultancy and fiduciary management marketplace.  The report highlights the CMA’s concerns over how pension schemes have been guided towards fiduciary management and questions whether the low levels of engagement around appointing a fiduciary manager can impact member outcomes.

XPS Investment Team will explore what the July 2018 provisional decision might mean to the industry, how the participants can contribute to better results and what Trustees should be aware of when appointing a fiduciary manager.

Proposed agenda below:

The Competition and Market Authorities (‘CMA’) Review
 • A refresher on the background including its roots in the FCA asset management market study.
 • The CMA’s provisional findings published in July 2018 – what are the competitive problems?
 • Proposed remedies – what market changes have been proposed to increase competition?

The role of the industry in improving governance options and member outcomes
 • How can the fiduciary managers contribute to improvement?
 • How can the advisory firms contribute to improvement?
 • How can FM oversight contribute to improvement?

Appointing a fiduciary manager – How to do so and what to look out for
 • What form of management best suits you?
 • Full, partial and sleeve – the merits of each.
 • How to construct an effective search
 • What should you be looking for as you evaluate an FM for appointment?
 • How can you measure success?

 Questions – an open forum

Location

Radisson Blu
No1 The Light
Leeds
LS1 8TL

Directions here

 

Register here

 

Monday, 03 December 2018
9:30 AM

Description

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.

XPS Pensions' 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)

Agenda

​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Tuesday, 4 December 2018
9:00 AM

Description

On 18 July 2018, the Competition & Markets Authority published its provisional findings on competition within the investment consultancy and fiduciary management marketplace.  The report highlights the CMA’s concerns over how pension schemes have been guided towards fiduciary management and questions whether the low levels of engagement around appointing a fiduciary manager can impact member outcomes.

XPS Investment Team will explore what the July 2018 provisional decision might mean to the industry, how the participants can contribute to better results and what Trustees should be aware of when appointing a fiduciary manager.

Proposed agenda below:

The Competition and Market Authorities (‘CMA’) Review
 • A refresher on the background including its roots in the FCA asset management market study.
 • The CMA’s provisional findings published in July 2018 – what are the competitive problems?
 • Proposed remedies – what market changes have been proposed to increase competition?

The role of the industry in improving governance options and member outcomes
 • How can the fiduciary managers contribute to improvement?
 • How can the advisory firms contribute to improvement?
 • How can FM oversight contribute to improvement?

Appointing a fiduciary manager – How to do so and what to look out for
 • What form of management best suits you?
 • Full, partial and sleeve – the merits of each.
 • How to construct an effective search
 • What should you be looking for as you evaluate an FM for appointment?
 • How can you measure success?

 Questions – an open forum

Location

Radisson Blue
Peter Street
M2 5GP

Directions here

Register here

Thursday, 13 December 2018
9:00 AM

Description

Trustees and Sponsors are under greater pressure than ever to justify their stance on risk. This year’s valuations will take place against a backdrop of increasing market volatility and increased political and regulatory scrutiny arising from cases such as Carillion and Toys R Us. There will be requirements to ensure that the valuation takes place as part of a full Integrated Risk Management (IRM) framework and to comply with any new proposals in the White Paper on DB pensions. Our interactive session will give you practical guidance on the new requirements and how to manage your next valuation to produce justifiable decisions about your scheme’s future. Topics will include:

  • Economic assumption considerations in light of the current market outlook
  • Assessing the risks in an integrated fashion
  • New requirements for covenant assessment
  • Choosing between different funding approaches and methodologies depending on your risk capacity
  • Building in ways to follow up and monitor your approach.

Agenda:

08:30 Registration
09:00 Commences
11:00 Close with coffee

Location:

Central London
The British Academy
10-11 Carlton House Terrace
London
SW1Y 5AH

Register for event