Events

Thursday, 8th November 2018
9:00am to 10.30am

Description

The Competition and Markets Authority (CMA) has issued its provisional findings on competition in the investment consulting and fiduciary management market.

At the Masterclass we will:

  • run through an overview of the findings;
  • explain the implications of the proposed remedies;
  • discuss how trustees should review existing fiduciary management arrangements; and
  • provide ideas as to how trustees can challenge their advisers and increase levels of engagement.

Register for this event


Location
British Academy
10-11 Carlton House Terrace
London
SW1 Y5AH 

Directions here

 

Tuesday, 27th November 2018
9:00am to 10.30am

Description

The Competition and Markets Authority (CMA) has issued its provisional findings on competition in the investment consulting and fiduciary management market.

At the Masterclass we will:

  • run through an overview of the findings;
  • explain the implications of the proposed remedies;
  • discuss how trustees should review existing fiduciary management arrangements; and
  • provide ideas as to how trustees can challenge their advisers and increase levels of engagement.

Register here for this Event

 

Location

Radisson Blu
No 1.The Light The Headrow
Leeds
LS1 8TL

Directions 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
9:00am to 10.30am

Description

The Competition and Markets Authority (CMA) has issued its provisional findings on competition in the investment consulting and fiduciary management market.

At the Masterclass we will:

  • run through an overview of the findings;
  • explain the implications of the proposed remedies;
  • discuss how trustees should review existing fiduciary management arrangements; and
  • provide ideas as to how trustees can challenge their advisers and increase levels of engagement.

Register for this Event


Location

Radisson Blu
Free Trade Hall
Peter Street
M2 5GP

Directions here

Thursday, 13 December 2018
9:00 AM

Description

Trustees and Sponsors who are entering funding negotiations for an imminent valuation  or have yet to sign off on numbers have some very tough, but vital decisions to take before the full implications of Brexit are known.

Our valuation masterclass will help you address the following;

Market uncertainty
How to determine the impact of market uncertainty on setting objectives, discount rates, long term exit strategies, journey planning, assessing covenant strength and allowing for climate change. 

Regulation
What the tPR’s clearer, quicker, tougher approach will mean for schemes of all sizes when presenting recovery plans.    

Mortality
Mortality trends are changing – how will your assumptions change?   

Pension Freedoms
We now have three years experience - what impact will transfers have on your funding negotiations and what should change to reflect this since your last valuation.    

Timing
Signing off your valuation – what’s different this time? Should you act quickly or should you delay. Explore the drivers from both the Trustee and corporate sponsor perspectives.   
 

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 this event

Since the introduction of pension freedoms there has been a surge in pension transfers and scam activity which is having significant implications for schemes corporate sponsors and members alike.

Join our team of pensions experts, who will share insights with you to help you protect member outcomes and tackle current key pension and investment challenges facing trustees and corporate sponsors.

Venue: Central Leeds

Timings:
08:30 Registration
09:30 Conference commences
13:00 Close and with seated lunch

Register your complimentary place

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

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 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

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

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

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