About this event
Focussing on topics including funding and savings, pension law current issues, ESG, the end game and transferring risk, investment issues, data visualisation and data science. Expect a great line-up of speakers and a wide range of thought-provoking topics.
Recordings of webinars can be purchased by visiting our Online Learning Resource page covering the pension sector.
Video costs: Members £15.00 | Non-Members £35
- Workshop Tue, 16/06/2020 - 09:00 - 10:00 Webinar: GMP Equalisation
The talk will cover:
- Technical details of GMP equalisation methods
- Practical and administrative considerations
- Communications considerations
- Pragmatism, efficiency and materiality
- Once the project is done, what next?
Speaker: Mark Williams, Principal & London Retirement Practice Leader, Buck
- Workshop Tue, 16/06/2020 - 12:00 - 13:00 Webinar: AMS Thematic Review Programme & changes to the CPD Scheme
Judith Joy, Regulatory Lawyer at the IFoA, will provide an update on changes to the CPD Scheme, following the consultation that closed in April. David Gordon, Senior Review Actuary at the IFoA, will give an update on the newly launched Thematic Review Programme and in particular the first review covering pensions: “Actuarial factors used to calculate member benefits”.
Speakers: Judith Joy and David Gordon, IFoA
- Workshop Tue, 30/06/2020 - 09:00 - 10:00 Webinar: Public Service Pensions – Good Pensions that last
The case for long-term structural reform of public service pension schemes was clear. A reformed pension system would need to be good quality, sustainable and fair. Fundamental changes were made such as futureproofing the retirement age, introducing career average and a mechanism to control costs. As DB schemes in the private sector are consumed by an endgame, the perpetuality of pensions for public service workers means that they almost stand alone as the last bastion of DB pension saving. But will the last round of reform last for a generation? Or have we barely scraped through a five-year guarantee?
Speakers: Dale Walmsley, First Actuarial LLP and Stephen Humphrey, Government Actuary’s Department
- Workshop Tue, 30/06/2020 - 12:00 - 13:00 Webinar: Decumulation in pension plans: Income drawdown and pooled annuities
Converting lifetime savings into a lifelong income are a fundamental part of pensions. Yet this is often not part of DC pension plans.
As Chair of the IFoA's Working Party on Drawdown Strategies, Modelling Tools and Consumer Communications, Tim will explain why, for income drawdown, we need new investment vehicles, new modelling tools and better communication for consumers!
Catherine will share her latest research on how offering a post-retirement, pooled annuity option, perhaps structured as a Collective Defined Contribution (CDC) plan, to retirees might help deliver a lifelong income to retirees. Pooled annuities convert lump-sum savings to a life annuity by collectively pooling longevity risk. They may be a more cost-effective, flexible, in-house solution than buying insured annuities.
Speakers: Tim Jablonski, EValue and Catherine Donnelly, Heriot Watt University
- Workshop Wed, 08/07/2020 - 09:00 - 10:00 Webinar: Integrated Risk Management: Pensions Risky Business
A practical and theoretical look at risk from wider perspectives, drawing on theories and examples from other fields, as well as social experiments, the session aims to stimulate members to consider information asymmetry, bias, Bayesian methods, behavioural finance and behavioural psychology when determining pension scheme risk.
Speaker: John Breedon, Buck
- Workshop Thu, 09/07/2020 - 09:00 - 10:00 Webinar: Longevity – CMI update
An update from the CMI. The update will:
- Cover the most up-to-date and relevant outputs from the CMI SAPS and Mortality Projections Committees (likely to include CMI_2019 and other research that is released in the first half of 2020);
- be aimed at users of these outputs;
Delegates do not require specialist technical knowledge, although a working knowledge of CMI outputs (e.g. the CMI Mortality Projections Model and "S3" Series tables) would be useful.
Speakers: Cobus Daneel, Chair of the Mortality Projections Committee.
- Workshop Thu, 09/07/2020 - 13:00 - 14:00 Webinar: The state of the PPF Universe
The PPF’s Purple Book provides the most comprehensive data on the UK universe of Defined Benefit (DB) pension schemes in the private sector. Analysing how this landscape has changed over time shows that whilst the risk profile of DB schemes has reduced underfunding has persisted. The session will explore these trends and provide an insight into how funding may evolve in the future under a number of our modelled scenarios.
Speaker: Lisa McCrory, PPF