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Introducing your Clients to Pensions De-Risking

Tuesday 28 March 2017 09:00 - 16:00

Spaces available

As the DB pensions market matures it is becoming increasingly important for pensions consultants and scheme actuaries to be aware of recent developments in insurance and asset de-risking.  This session will focus on the latest thinking in the buy-in/out, longevity insurance and pension scheme investment markets

This session will focus on the latest thinking in the buy-in/out, longevity insurance and pension scheme investment markets.   You can hear the leading players in the pensions de-risking market deliver detailed analysis of some of the most significant recent bulk annuity deals, as well as providing authoritative forecasts for future trends and innovation.  There will also be a focus on the latest solutions which schemes are adopting to de-risk their investment strategy and a panel discussion covering will consider the practical aspects of de-risking, focusing primarily on liability management exercises.

Chair: Murray Blake, LCP

Event organiser

Contact Events Team for more information.

eventmanagement@actuaries.org.uk

0207 632 1498

Speakers

David Collinson

David was part of the team that established Pension Insurance Corporation in 2006.  He was co-head of the new business and pricing teams through to 2014 and then took on a new role of Head of Strategy.  David has led some of the largest bulk annuity transactions in the market and more recently wa

Duncan Hale

Duncan is the Portfolio Manager for the Secure Income Fund, a fund that invests across low risk, cash generative strategies in the UK across the infrastructure, real estate and real asset debt asset classes.

Matt Wilmington

Matt is a Fellow of the Institute and Faculty of Actuaries. He joined Legal & General in 2016 and is responsible for leading high profile pension risk transfer transactions.

09.00-09.30 Registration and refreshments

09.30 – 09.35 Chair’s introduction

09.35 - 10.30 An overview of the bulk annuity market & predictions for 2017
Speakers: David Collinson & Uzma Nazir, Pension Insurance Corporation

David & Uzma will look back at the key buy-in and buy-out transactions completed over 2016, before giving their views on how the market will develop over 2017 and beyond.

10.30 – 11.20 Longevity swaps for schemes of all sizes
Speaker: Matt Wilmington, L&G

This session will include a summary of the longevity swap structures available to pension schemes, as well as focusing on the growing number of solutions available to smaller schemes.

11.20 – 11.35 Morning refreshments

11.35 – 12.25 How can your clients use medical underwriting to guide their de-risking journey
Speaker: Andrew Gething, Morgan Ash

Andrew will cover the latest developments in the use medical underwriting for bulk annuity transactions.  He will also introduce a recent innovation, Medical Underwriting Mortality Studies (MUMS), which incorporates underwriting information into the derivation of actuarial valuation assumptions and has delivered significant savings for a number of scheme sponsors over 2016. 

12.25 – 13.15 Cash-flow generating real assets – the next big thing for pension schemes?
Speaker: Duncan Hale, Willis Towers Watson

As Defined Benefit pension schemes mature and de-risk, finding ways of generating sufficient cashflow to pay benefits from assets is becoming increasingly difficult.  Duncan talks about an increasing trend to utilise illiquid, real assets to help DB schemes manage their liabilities.

13.15 – 14.00 Lunch

14.00 – 15.00 Panel discussion – the key practical issues in executing de-risking transactions

Chair: John Reeve, Cosan Consulting

Speakers: John Nestor, Prudential, Claire Petheram, Linklaters and Matt Wilmington, L&G 

We have put together a panel consisting of those with a range of experience of de-risking projects from the providers and legal advisers to Trustees and Sponsors. The Panel will consider the practical aspects of de-risking, focusing primarily on liability management exercises. They will look at what they have learned from these exercises and how they would advise those considering such exercises in the future. Consideration will also be given as to how the panellists expect these exercises to differ in the future.  Attendees will have the opportunity to share their experiences and to ask the panellists questions.

15.00 – 15.55 Pensions de-risking & the law – an overview and what do trustees need to know?

Speakers: Madhu Jain and Claire Petheram, Linklaters

Before you clients begin a de-risking transactions there are a number of key legal issues to consider – this session will provide an overview and practical guidance on what you should focus on.

15.55-16.00 Chair’s closing remarks

 

Location

Address

Staple Inn Hall

High Holborn

London

WC1V 7QJ

Nearest Public Transport

Chancery Lane Station

Pricing information

  Fee
Member £395.00
Non Member £545.00

Cancellation of a seminar place must be made in writing (by email or post), and will be subject to an administrative charge of 20%. Any cancellations advised after 27 January will not be refunded but a colleague can attend in your place. We require written confirmation (by email or post) of this from the original delegate.

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