Events

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 event is now full - further dates are planned in the New Year


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

 

2019  could be the most challenging triennial valuation in the RPS since privatisation. Employers should prepare by considering the actions they would consider taking if a big increase in deficit is revealed.

The XPS specialist railways team has been advising employers in the RPS since the 2004 triennial valuation. During this period we have advised on a wide range of projects, including valuation negotiations, changes to member benefits or contribution rates, the pensions implications of transactions and other corporate activity, and investment strategy. We currently advise the employers of 23 shared cost sections of the RPS.

Book your 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