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Author:
Stephen Richards
Source:
Pensions Convention 2006

Longevity - the hidden risk (handouts)

1 Current Issues in Funding for Pensions Actuaries Legal Issues Kate Richards Partner Nabarro Nathanson NabarroNathanson Overview of Talk Topics to be covered Trustee and employer powers Trustees conflict of interest Negotiating with the ... read more >>

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Author:
Duncan Buchanan
Source:
Pensions Convention 2006

Scheme modifications. The subsisting rights requirements (handouts)

1 Section 75 – Practical Issues Duncan Buchanan – Lovells LLP – June 2007 Agenda ? A brief history of section 75 Pensions Act 1995 ? Triggers for s75 debts ? Employment Cessation Events ? Calculating debts – Scheme / Employer - CURRENT ? GN19 ... read more >>

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Author:
Andy Scott
Source:
Pensions Convention 2006

Who wants to be a trustee? (handouts)

1 Pricing a product for the first time Jo Scott 19th May 2003 Warwick University Introduction • Scope – Pricing of ‘portfolio products’ using Multivariate analysis where possible and individual risk records. • Practicalities of pricing a product ... read more >>

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Author:
Stephen Yeo
Source:
Pensions Convention 2006

Lessons from politics (handouts)

1 Lessons from Politics Stephen Yeo Lessons from politics ?Communication means keeping it simple ?How to fool people with numbers ?Problems that will not be solved Communication means keeping it simple 2 Government version : Pensions are doing ... read more >>

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Author:
Paul Hamilton
Source:
Pensions Convention 2006

Closed pension schemes (handout)

1 D1 Closed Pension Schemes Paul Hamilton, Barnett Waddingham LLP What sort of pension scheme? Defined benefit, not defined contribution (unless DC scheme pays pensions from fund ) Final salary, or career average (though some points apply only to FS) ... read more >>

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Author:
Sara Protheroe; Duncan Hale
Source:
Pensions Convention 2006

Pension Protection Fund levies - past, present and future (handout)

1 Pension Protection Fund Levies past, present and future Sara Protheroe, Pension Protection Fund Duncan Hale, D&B Initial Levy 2005/6 c.11,000 schemes billed c.£140m total levy payable Lessons learned Separate scheme based and risk based levy ... read more >>

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Author:
Andrew Young
Source:
Pensions Convention 2006

Clearance - are we all clear about it? (handout)

1 Clearance - are we all clear about it? Andrew Young The Pensions Regulator Pension Protection Fund Government Actuary s Department Anti-avoidance Legislation : Objectives Ensure companies stand behind their pension promises Liabilities do not fall ... read more >>

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Author:
Michael Pomery
Source:
Pensions Convention 2006

Beyond Morris: the role of the Profession (handout)

1 2006 Pensions Convention Beyond Morris : The Role of the Profession Michael Pomery 5 June 2006 Beyond Morris : The Challenge What should be the role of the professional body ("the Profession") No longer setting technical standards Morris as a ... read more >>

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Author:
Mark Sullivan
Source:
Pensions Convention 2006

International issues in pensions - round up of developments (handout)

1 Mercer Human Resource Consulting Limited is authorised and regulated by the Financial Services Authority Registered in England No. 984275 Registered Office: Telford House, 14 Tothill Street, London SW1H 9NB International Issues in Pensions - Round up ... read more >>

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Author:
Ian Gamon
Source:
Pensions Convention 2006

Touching the void: an introduction to share options (handout)

1 Touching the Void: An Introduction to Share Options Ian Gamon, Lane Clark & Peacock LLP Touching the Void Outline for the session: Understanding share options A rôle for actuaries? Modelling options Real world applications Understanding share ... read more >>

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Author:
Sheila Brown
Source:
Pensions Convention 2006

Finance Act 2004: What has changed for the ordinary member (handout)

1 Finance Act 2004: What has changed for the ordinary member Sheila Brown Consultant & Actuary, Aon Consulting Agenda What is an ordinary member ? Overview of Finance Act changes Focus on tax-free cash What are other schemes doing? Member ... read more >>

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Author:
Julian Davies
Source:
Pensions Convention 2006

Cash commutation. An employer's actuary view (handout)

1 Annual Pensions Convention 2006 Cash Commutation An Employer s Actuary View Julian Davies 5th June 2006 2 Risk Warning The views expressed in this session are those of Julian Davies and do not necessarily represent the views of Mercer Human ... read more >>

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Author:
Lesley-Anne Cameron
Source:
Pensions Convention 2006

Advising scheme sponsors (handout)

1 Advising Scheme Sponsors Lesley-Anne Cameron Introduction Trustee empowerment The need for separate advice Areas of involvement 2 Gestalt Shift A gestalt shift is a refocusing from one configuration to another that takes place suddenly and in ... read more >>

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Author:
David Hargreaves
Source:
Pensions Convention 2006

From LDI to hedge funds. Where to place your bets in the new investment world (handout)

1 From LDI to Hedge Funds Where to place your bets in the new Investment world David Hargreaves Annual Pensions Convention 2006 All comes Down to Investment Efficiency Risk vs Liabilities Ex pe ct ed re tu rn a bo v e gi lts 0% 2% 3% 4% 5% Greater ... read more >>

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Author:
Harvie Brown; Michael Pomery
Source:
Pensions Convention 2006

Two "big" topics: Financial Reporting Council, and Strategy Review (handout)

1 Harvie Brown - Faculty President Michael Pomery - Institute President Pensions Convention 2006 St Andrews Bay, Scotland 4 - 6 June 2005 Strategy Review - Michael Pomery Tw o Big Topic s Financial Reporting Council - Harvie ... read more >>

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Author:
Paul Masters
Source:
Pensions Convention 2006

Options for bridging the funding gap (handout)

1 1 Options for bridging the funding gap Paul Masters June 2006 2 Contents Introduction What this is not about Why the deficit is unique Employer covenant Traditional options Contingent assets Credit default swaps Summary Questions 3 Introduction Schemes ... read more >>

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Author:
Bhargaw Buddhdev
Source:
Pensions Convention 2006

Pensions for senior executives: Changes after A day (handout)

1 Aon Consulting Limited is authorised and regulated by the Financial Services Authority PENSIONS for Senior Executives : Changes after A day Bhargaw Buddhdev Principal & Actuary, Aon Consulting Agenda Executives Developing a policy Some ... read more >>

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Author:
Roderick Morton
Source:
Pensions Convention 2006

Conflicts of interest (handout)

1 Conflicts of interest Institute and Faculty of Actuaries Annual Convention - June 2006 Roderick Morton 2 Trustee conflicts Example 1 Return of capital to shareholders CEO, FD and HR director are trustees Independent trustee chairman Not Type ... read more >>

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Author:
Jonathan Green
Source:
Pensions Convention 2006

Mergers & acquisitions - market developments (handout)

1 Mergers and Acquisitions Market Developments Jonathan Green 5 June 2006 1 © 2005 KPMG LLP, a UK limited liability partnership and the UK member firm of KPMG International, a Swiss cooperative. All rights reserved. Agenda Agenda Introduction Market ... read more >>

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Author:
David Martin
Source:
Pensions Convention 2006

Peer review (handout)

1 Peer Review David Martin Monday 5 June 2006 Peer Review Introduction to GN 48 New Guidance Note (December 2004) Main focus review of advice by 3rd party Recommended Practice 2 years from December 2004 Practice Standard From 1 January 2007 But ... read more >>