The Aon Pension Conferences are designed for pension schemes trustees and pensions, HR & finance professionals who make decisions about their company’s pension scheme.
The full day programme of presentations, workshops and discussions provide delegates with the opportunity to hear experts’ views on the latest issues faced by pension schemes and take away ideas on how to manage defined benefit and defined contribution pension schemes.
The varied format of the day also provides a great platform to learn from and network with peers.
08.15 Registration opens
Pre-conference Workshop (optional) – these focused sessions require an additional registration and will be promoted to registered delegates in the weeks before their chosen event.
Find out more
09.50 Conference Welcome
10:05 Guest speaker
10:20 Tips and techniques to enhance trustee effectiveness
Trustees and sponsors are continuously having to evolve and adapt to the latest governance needs within the Pensions industry. With more and more guidance and regulation being introduced there is a great deal being asked of these individuals and it can be hard to know where to start.
This session looks at the tips and techniques developed by Aon following the behavioural research carried out by Aon into group decision making. We will focus on useful tips and techniques to help Trustees make robust decisions and also manage trustee meetings more effectively. There will be the opportunity to try out some of these decision making techniques in your table discussions throughout the day.
10:40 The year of living dangerously
The long period of strong and stable markets is seemingly coming to an end as the investment environment transitions into much more dangerous and murky waters. This session will take you through our latest outlook on the key asset classes and our recommendations for portfolio positioning. We will also provide our updated views on recent political developments. We might even mention Brexit!
11:05 Enabling financial wellbeing - a retirement savings evolution
Is it time for trustees and others running pensions to consider the wider financial wellbeing of members?
Aon’s recent research shows that the general financial situation of individuals has a significant bearing on, not just their capacity to save for retirement, but also on their expectations towards pension provision and the types of support needed.
When considering this, along with the discovery that we also found the majority of DC members intend to continue working after their ‘retirement date’, which means many current employees will also be pensioners, has the duty of care to provide retirement benefits changed?
If so what do trustees and sponsors need to do about it?
12:05 To fully funded and beyond
Slowly but surely schemes have whittled away their deficits. For many schemes, full funding, at least on a Technical Provisions measure, is now becoming a reality.
As schemes reach that position, the challenges don’t disappear, but change. Focus switches from filling the deficit to what happens next. And for many schemes that is not only unchartered territory but something that they have not planned for.
In this session we will explore three topics:
- What are the immediate issues when you reach full funding?
How does your approach to funding, investment and covenant change?
- Where are you heading next? For many schemes buyout has always been the assumed destination, but new opportunities such as commercial consolidators and master trusts are changing the game.
- How do you bridge that gap? There are a range of tools that Sponsors and Trustees can use to turn an apparently large gap into one that is financially affordable.
14:15 Current issues - Chair’s update on topical issues
Chair’s update on topical issues at the time of the conference.
14:30 Client journeys: adding value through investment solutions
Actively managing your pension scheme has become increasingly important; be that the managers you use, your asset allocation, risk management or fee negotiations.
In the current environment, taking no action without due consideration (which is an active decision in itself) is not an option.
In this session we will draw upon a number of client case studies demonstrating how we have helped clients to be active and add value to their scheme. You will hear from the clients themselves as they share their views on the solutions implemented, the performance and outcomes.
15:00 GMP equalisation
After almost 30 years of legal uncertainty the Lloyds case has given schemes a way forward to start tackling the historically thorny issue of GMP Equalisation.
In this session one of the expert witnesses in the case will dispel some of the myths surrounding the topic and help you prioritise actions.
15:20 What’s your cyber defence?
Cyber-attacks are hitting some of the largest companies out there and barely a day goes by without this being mentioned in the press. How would you feel if your sponsor was in the headlines due to an attack on your pension scheme? As a trustee, do you know how you would tackle a crisis situation?
In this interactive session, you can get to grips first-hand with the consequences of a cyber-attack. We will highlight some of the key actions that trustees and sponsors should be taking in relation to this risk and promise to leave you with plenty to think about.
15:50 Closing remarks
16.00 Drinks and networking
The Pension Conference takes place in these cities on these days in 2019 so register your place at your preferred location.
Delegates attending the full day will be eligible for 4.5 CPD points.
The interest surrounding Responsible Investment has continued to snowball. Regulatory pressure has grown, including revised regulations surrounding trustees’ fiduciary duties with particular respect to Environmental, Social and Governance (ESG) factors. Large intergovernmental gatherings discussing responses to climate change have made headline news despite the steady flow of Brexit uncertainty. ESG factors have never previously taken such a role in investment decision making.
The workshop will examine what schemes of all sizes can do in practice to address the new trends, risks and regulations. This interactive session will look at a range of options for schemes, using case studies for both Defined Benefit and Defined Contribution schemes. It will also look at how the investment approach for Defined Contribution schemes can be incorporated into member communications to drive member engagement.