| Day One: Tuesday 28th February 2006 |
| 08:30 |
|
Delegate registration and coffee |
| 09:00 |
|
Opening remarks from the Chair |
| 09.10 |
John Ashcroft
Head of Strategy
The Pensions Regulator (UK) |
Day 1 Keynote Address: The Current and Future Impact of the European Pensions Directive
- European evolution within a global context
- Evaluating the long-term economic and social impact of pensions
- New opportunities for cross-border co-operation and the Portability Directive
- Impact of the new Pensions Accounting Standard in each country
- The move towards pension fund flexibility and the globalisation of employee benefits
|
| EMERGING OPPORTUNITIES AND BARRIERS THROUGH NEW REGULATORY FRAMEWORKS |
| 09:50 |
John Ball
Vice President
EURAG (The European federation for Older People) and
Senior Visiting Fellow
The Pensions Institute
Sir John Cass Business School (UK) |
How To Maximise Flexibility To Cope With The Unexpected As The Key To Survival For Both State And Private Pensions
- Pensions: for two thousand plus years a reward for loyal survivors….where to next?
- How far will 20th Century changes in demography and society undermine implicit bargain?
- Evaluating the crippling costs imposed by new regulatory changes
- Stemming the tide of extreme uncertainty
|
| 10:30 |
|
Morning refreshments |
| 11:00 |
Thorhildur Stefansdottir
Senior Pensions Adviser
Pensions Department
Islandsbanki, (Iceland) |
Regulatory Reform, Harmonisation and Best Practice Pensions
- Directive Implementation
- The impact of IAS 19 – is it the best basis for calculating assets and liabilities
- Consumer protection and investment regulations
- The convergence of regulation: moving from the “traditional” model towards multi-service regulation
- The relationship between business performance, trustees and the new regulatory environment
|
| 11.30 |
Panel Moderator:
Andre Laboul
Head of Financial Affairs Division
OECD and
Executive Secretary
The International Pension Supervisors (IOPS)
John Ball
Vice President
EURAG (The European federation for Older People) and
Senior Visiting Fellow
The Pensions Institute
Sir John Cass Business School (UK)
John Ashcroft
Head of Strategy
The Pensions Regulator (UK)
Thorhildur Stefansdottir
Senior Pensions Adviser
Pensions Department
Islandsbanki, (Iceland) |
REGULATORY AND CORPORATE PANEL DISCUSSION:
Future Challenges in a Climate for Change - Lessons From Different Regulatory Environments Across Europe
|
| 12:15 |
|
Lunch |
| BEST PRACTICE INVESTMENT and TRUSTEE/EMPLOYEE INNOVATIONS |
| 13.30 |
Sarah Smart
Investment Director
Strategic Solutions Unit
Trustee to the Standard Life Staff Pension Scheme Standard Life Investments (UK) |
Dynamic Asset Allocation And Pension Fund Investment
- Diversification as part of the deficit solution
- Moving away from the traditional over-reliance on equity investments
- Switching to a diversified range of risk exposures: capturing different
- Sources of alpha and beta
- Dynamically managing market risk
- Implications for trustees and investment adviser relationships.
|
| 14.05 |
Glyn Ryland
Head of Pensions
Wragge & Co LLP (UK) |
Who's Hands Are On The Levers: Understanding The Balance Of Powers In The New Funding Regime
- Moving the goal posts: how the Pensions Act rewrites the relationship rules between employers
and trustees
- The past matters more than the future for under funded schemes: it's official
- Referee or player? When the Regulator will get involved in funding questions
- Who needs to agree to what - a checklist for anyone with a new-style valuation coming up
- Conflict or collaboration: an two minute introduction to the following session
|
| 14.40 |
|
Afternoon refreshments |
| 15.10 |
Julie Richards
Head of Group Pensions
Nestlé (UK) |
Trustees vs Corporation: Bringing About Business Transformation and a New Common Goal for Successful Retirement
- Key factors in the current pensions crisis: onerous regulation, falling investment markets and increased pension accounting transparency
- Bridging the decision-making gap between trustees and company
- Business pressures and managing in-house schemes
- Managing employees reactions and balancing corporate objectives
|
| 15:50 |
Stuart Stephen
Group Pensions and Benefits Director
Barclays (UK) |
Re-Designing Company Pension Plans for Today’s Environment: Would a Flexible Model Work in Practice?
- New challenges to traditional models according: matching your scheme to corporate size and type
- Finding the new opportunity – practical solutions to pension scheme re-design
- Balancing risks between employer and employee
- Partnerships between government and companies
- Working jointly to find the right solution
|
| 16.30 |
Julie Richards
Head of Group Pensions
Nestlé (UK)
Stuart Stephen
Group Pensions and Benefits Director
Barclays (UK)
Ralph Turner
Global Pensions Director
Brambles Industries plc (UK) |
PANEL DISCUSSION:
The New Pensions Model: Building Resilience and Corporate Flexibility into The Equation
|
| 17:20 |
|
Closing remarks from the chair and end of day one |
| 17:30 |
|
Drinks reception – you are invited to join the speakers and sponsors at an informal drinks reception |
Jump to Start of Day One
|
Day two: Wednesday 1st March 2006 |
| THE PENSIONS DEFICIT GAP AND ITS WIDER IMPACT |
| 08:30 |
|
Registration and coffee |
| 09:00 |
|
Introduction from the Chair
|
| 09:10 |
Eudald Canadell
Managing Director
Index Rating, Europe
Standard & Poors (UK) |
Day 2 Keynote Address: Tackling a Large Deficit: Balancing High Quality Investment
- Performance Against Greater Administrative Costs
- Changing the ways used to calculate obligation: from final salary to average career earnings
- New goals: where are you now and where do you want to be?
- Gaining board and trustee support and getting a live plan into action
- Developing and adopting and new procedures which incorporates current regulatory and tax tariff policies
- Case Studies: Pan-European investment evolution and success stories to date
|
| 09.50 |
Clive Gilchrist
Managing Director
BESTrustees (UK) |
Adapting to a New Environment: Changing Role and Responsibilities of Trustees and How Companies can Gain from Greater Synergies
- Getting ready for scheme funding – what trustees and companies need to know
- Managing conflicts of interest – what steps do trustees and companies need to take
- Managing closed schemes
- The Pensions Regulator and clearance procedures
|
| 10:30 |
|
Morning refreshments |
| THE PENSION POOL DEBATE |
| 11:00 |
David Yeandle
Deputy Director of Employment Policy
EEF (UK) |
Pension Fund Pooling: Pros and Cons of Creating One European Pension Fund Within the European Pensions Directive
- Latest update on the Portability Directive
- New approaches to pension fund taxation and transparency
- Growth strategies through the right tariff and tax environment
- Managing the distribution channels and key obstacles
|
| 11.30 |
Vincent Vandier
Executive Director
AFPEN (France)
|
What Does it Take to Design a Truly Cross-Border Pension Scheme?
- Corporate governance and investment decisions: who’s in the driving seat
- Macro-economic drivers for pooling and alternative investment schemes
- Designing flexibility into the scheme
- Case Studies: European Tax and Barriers and incentives towards true cross-border success
|
| LIABILITY, RISK and INNOVATION IN INVESTMENT MODELS |
| 12.00 |
|
Panel Discussion:
Liability-driven Investments, Risk Management and Beyond Deficit Decisions |
| 12:30 |
|
Lunch |
| CONTROLLING COSTS AND INTERNAL CONFLICTS OF INTEREST |
| 14:00 |
Dr Amlan Roy
Director
Pensions Strategy Group
Credit Suisse First Boston (UK) |
Examining Your Pension Fund Investment Strategy in the Post- Equity Bubble World
- The Pension Protection Fund and its role on corporate investment
- The risks of providing defined benefit plans and the move towards defined contribution
- Flexible benefit schemes
- Advanced global asset allocation: balancing tactical and long-term investment decisions
|
| 14.35 |
Clifford Sims
Partner, Pensions
Hammonds (UK) |
Managing Trustees: Optimising Performance n the New Regulatory Environment
- Setting funding and investment strategies: partnership or conflict?
- The Pensions Regulator's expectations of trustees
- Trustees' role in corporate transactions
|
| 15:10 |
|
Afternoon refreshments |
| FUTURE POLITICAL AND REGULATORY CHALLENGES |
| 15.40 |
David Haley
Professional Pensions Services
BT Global (UK) |
Resolving Issues of Funding and Transfer of Pension Provision Across Different Divisions
· Understanding the different regimes and their implications: MFR replaced, scheme-specific funding, reductions in CETVs Cutting edge technology and how this is building further opportunity across frontiers
· Status on further pension evolution and benefits opportunities
|
| 16.10 |
Brendan Kennedy
Head of Actuarial Advisory Group
Irish Pensions Board (Ireland) |
How Will European Pension Schemes Be Managed and Regulated in the Future: Over-regulation and Pension Fund Deficits
- The role of political, economic and social impact on the balance sheet
- Pensions deficits: Are pension schemes being pushed into short-term reactions?
- Gaining the support of trustees, board members and unions
- Creating a feedback and education programme for all employees
|
| 16.40 |
|
Closing remarks from the Chair and Close of conference |
