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**ONLINE BOOKING FOR THIS EVENT IS NOW CLOSED**

Please contact nikolina.hudi@plsa.co.uk or call 0207 601 1710 to check availability of places.

Monday 15 May

 

12:00 - 19:00

Registration open

13:00 - 17:45

PRE-CONFERENCE EVENTS

13:00 - 14:00

LOCAL PENSION BOARDS NETWORKING LUNCH

During an informal lunch we will discuss Board work programmes, how to hold funds to account and the key areas Boards should be focusing on in 2017.
Open to Local Pensions Board representatives only. Pre-registration is essential. Please indicate your wish to attend when registering for the conference. If you have already registered please email nikolina.hudi@plsa.co.uk to confirm your attendance.

14:00 - 15:00

Sponsored by:

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LEARNING ZONE SESSION 1: LGPS – A sustainable success story?

The most recent cycle of triennial valuations are complete, employer contributions certified and cost management processes are underway.  Within that context, we examine affordability and demonstrate that the LGPS is already a cost-effective way of delivering pensions to the demographic that participates.  However, in the face of austerity challenges can we suggest improvements to asset allocations and LGPS benefits that would deliver both affordability and sustainability for all stakeholders and the required level of pension benefits to members?
Barry McKay, Head of LGPS Actuarial, Hymans Robertson and David Walker, Head of LGPS Investments, Hymans Robertson

Learning Zone open to Local Authority representatives only. Pre-registration is essential. Please indicate your wish to attend when registering for the conference. If you have already registered please email nikolina.hudi@plsa.co.uk to confirm your attendance.

15:00 - 15:30

 Refreshment break

15:30 - 16:30

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LEARNING ZONE SESSION 2: How can LGPS investors capture the big trends reshaping our world?

Global equities provide the growth heart of LGPS pension portfolios, but arguably the global landscape has never looked so uncertain. Let’s explore the ‘big’ themes such as:
- A new chapter for globalisation – the move from goods to information
- How does the new wave of protectionism affect global investing?
- What is ‘global’? How wide should the net be cast for opportunity?
Can LGPS investors future-proof their portfolios in a time when there are more questions than answers?
Julie Dickson, Investment Specialist, Capital Group

Learning Zone open to Local Authority representatives only. Pre-registration is essential. Please indicate your wish to attend when registering for the conference. If you have already registered please email nikolina.hudi@plsa.co.uk to confirm your attendance.

16:30 - 16:45

Refreshment break

16:45 - 17:45

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FRINGE MEETING: FIGHT CLUB – THE HEAVYWEIGHTS IN INVESTING FOR THE LONG-TERM

Forget talks, presentations and PowerPoint slides! We will be weighing in and sparring on the key benefits of why Pools should consider investing in Real Estate and Small-Caps. Hear about what may suit you and how being an engaged and responsible investor can deliver sustainable, long-term financial returns.  Don the boxing gloves and bring your best right hooks, our guys can roll with the punches and we will be sharing our experiences with you. Are you ready to throw your hat in the ring?
Tommy Bryson, Sustainable European Small-cap Investment Manager, Kempen Capital Management
Matthijs Storm, Head of Real Estate, Kempen Capital Management

All registered delegates are welcome to attend the fringe meetings. Please indicate your wish to attend when registering for the conference. If you have already registered please email nikolina.hudi@plsa.co.uk to confirm your attendance.

17:45 - 19:00

WELCOME DRINKS IN THE EXHIBITION HALL

19:00 - 21:00

DINNER IN HOTEL RESTAURANT (NO FORMAL ARRANGEMENTS)

 

Tuesday 16 May

09:00

Exhibition open and coffee served

PLENARY 1

09:40 - 10:00

CHAIR'S WELCOME AND INTRODUCTION

Graham Vidler, Director of External Affairs, PLSA

PLENARY 2

10:00 - 10:40

DELIVERING LOCAL SOLUTIONS IN A CHANGING UK

The LGPS is undergoing unprecedented change and so too is the UK Government. Lord Hutton will help us to join up these two agendas.

Lord Hutton, Former Chairman of the Independent Public Service Pensions Commission

Graham Vidler, Director of External Affairs, PLSA

PLENARY 3

10:40 - 11:25

COMMUNICATING BETTER

We all know we need to communicate pensions better, but how are we going about doing it? We hear from a number of pension schemes that have been innovating in communications with their members and in engaging with their employers.

Dawn Turner, Chief Pensions Officer, The Environment Agency
Co-speakers tbc

Chaired by Graham Vidler, Director of External Affairs, PLSA

11:25 - 11:55

Refreshment break in the exhibition hall

STREAM
SESSION 1

GOOD GOVERNANCE
STREAM

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INVESTMENT
STREAM

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THOUGHT LEADERSHIP
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11:55 - 12:40

Governance Outcomes

Governance is hot on the government’s radar and they have implemented reform in a number of sectors – PLC boards, IGCs, Private Sector Trustees, as well as Local Pension Boards. We look at what we can learn from these innovations and whether they will deliver better member outcomes in the future.

Adrian Chapman, Director Administration Services LGPS and Public Sector, JLT Benefit Solutions
Lorraine Harper, Head of Governance Services, JLT Benefit Solutions

Chaired by  Luke Hildyard, Policy Lead: Stewardship and Corporate Governance, PLSA

Fixed Income in a rising rate environment

Given lifetime-low bond yields, high levels of debt, and increasing fiscal stimulus, the best years for traditional bond strategies are behind us. Is the party over? Not necessarily. We will review five simple approaches that investors can adopt to both generate attractive returns and navigate the inflation risks and higher volatility we anticipate ahead.

Jon Day, Portfolio Manager, Fixed Income, Newton Investment Management
Co-speaker tbc

Chaired by Phil Triggs, Strategic Finance Manager, Surrey County Council.

Making inroads on cost transparency

Achieving greater cost transparency is a major focus across the pensions industry and for Regulators. The success of emerging initiatives will ultimately depend on the fine detail and implementation of the frameworks currently being developed and rolled out. We hear from a panel of experts about their perspectives on the prospects for change and how greater transparency may shape the market in future.

Jason Fletcher, CIO, West Midlands Pension Fund
Jonathan Lipkin, Director, Public Policy, Investment Association
Dr Chris Sier, Professor of Practice, Newcastle University Business School

Chaired by Graham Vidler, Director of External Affairs, PLSA

Please indicate your preferred stream sessions when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the sessions if you have not done so already.  

12:40 - 14:00

Lunch

PLENARY 4

14:00 - 14:45

THE FUTURE OF ADMITTED AND OTHER BODIES IN THE LGPS

The work that the Scheme Advisory Board in England and Wales has done, into the future of academies in the LGPS, has shone a light on the wider issue of admitted bodies and scheduled bodies without a government underwrite. We explore what role these bodies should play in a future LGPS.

Jeff Houston, Head of Pensions, Local Government Association
Neil Mason, Senior Pensions Adviser, Surrey County Council
Mark Packham, Director, PwC

Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

STREAM
SESSION 2

GOOD GOVERNANCE
STREAM

Sponsored by:

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INVESTMENT
STREAM

Sponsored by:

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THOUGHT LEADERSHIP
STREAM

Sponsored by:

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14:50 - 15:35

Meet The Pensions Regulator and hear its views on the challenges ahead

The regulator will set out its view on the roles, responsibilities and priorities in LGPS governance, with a group discussion on how local authorities, pension committees and pension boards work together in practice.

Nick Gannon, Policy Lead, The Pensions Regulator
Bryan McDaniel, Public Service Regulation Consultant, The Pensions Regulator

Chaired by Nicola Mark, Head of Norfolk Pension Fund

Understanding MIFID II

The Markets in Financial Instruments Directive II, coming into force on January 2018, will bring in wide ranging changes for financial markets and crucially how Local Authority funds will engage with their asset managers. What do you need to know and how do you prepare for these changes?

Daniel Measor, Senior Associate, Wholesale Conduct Policy team, FCA
Tom Richardson, Chief Risk Officer, Local Pensions Partnership

Chaired by Mike Weston, Chief Executive, Pensions Infrastructure Platform

THE RACE IS ON…WHICH RETURN PREMIA SHOULD THE POOLS BE CHASING?

Once pool structures have been established and plans for efficiency savings implemented, thoughts will inevitably turn to return enhancement.  Which sources of return should a multi-billion pound investor be seeking, and are they different given the public sector ethos of the pools?

John Harrison, Independent Investment Adviser, Surrey County Council
Jo Holden, Partner, Mercer

Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

Please indicate your preferred stream sessions when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the sessions if you have not done so already.  

15:35 - 16:00

Refreshment break in the exhibition hall

PLENARY 5

16:00 - 16:45

The year ahead

It’s been a busy year in office for Cllr Roger Phillips, with pooling, academies and the 2016 valuation. Roger tells us what’s next on his agenda.

Cllr Roger Phillips, Chair, Scheme Advisory Board in England and Wales

Chaired by Lesley Williams, Chair, PLSA

PLENARY 6

16:45 - 17:30

A global retreat?

What forces drove the UK to vote to leave the EU? Was the triggering of article 50 an anti-climax? Why are people rejecting the global? Does it really matter anyway? We discuss the UK’s place in the world today.

Isabel Oakeshott, Political Journalist and Broadcaster

Chaired by Lesley Williams, Chair, PLSA

19:00-23:00

CONFERENCE GALA DINNER SPONSORED BY MFS

After-dinner speaker: John Lloyd, Television Producer and Writer

Dress code: lounge suits

Please indicate your wish to attend when booking. If you have already registered for the conference please contact nikolina.hudi@plsa.co.uk to add the event if you have not done so already.

  

Wednesday 17 May

 

09:00

Exhibition open and coffee served

PLENARY 7

09:30 - 10:15

THE GOVERNANCE PREMIUM

Much has been made in private and public sector schemes of the value of good governance. The PLSA is undertaking a programme of work on trusteeship and governance, and The Pensions Regulator has been working to drive up standards across the piece.  We hear from a panel of experts on how to turn that elusive governance premium into tangible results.

Fiona Frobisher, Head of Policy, The Pensions Regulator
Clare Scott, Chief Executive, Lothian Pension Fund
Steve Simkins, Partner, Public Service Pensions, KPMG
Lesley Williams, Chair, PLSA

Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

PLENARY 8

10:15 - 11:00

GLOBAL FORCES

Few could have predicted the political machinations over the last twelve months; with all eyes on Mr Trump and Brexit negotiations, what will the next two years bring for the macro-economy and markets?

Neil Williams, Group Chief Economist, Hermes Investment Management

Chaired by Joe Dabrowski, Head of Governance and Investment, PLSA

11:00 - 11:30

Refreshment break in the exhibition hall

PLENARY 9

11:30 - 12:15

NEXT STEPS FOR SCHEME FUNDING

The Government Actuary's Department is embarking on its Section 13 report for the LGPS, assessing fund valuations against four main aims; compliance, consistency, solvency and long term cost effectiveness and the Scheme Advisory  Board in England and Wales has been assessing scheme valuations against the cost cap. What lessons have been learnt from the ‘dry run’ of the Section 13 report and what’s next for scheme funding?

John Bayliss, Actuary, Government Actuary's Department
Fiona Farmer, National Officer, Unite the Union and Chair of the Cost Management, Benefit Design and Administration Committee, Scheme Advisory Board in England and Wales

Chaired by Lesley Williams, Chair, PLSA

PLENARY 10

12:15 - 13:00

COMPLEX TIMES; EMBRACING RESILIENCE AND CREATIVITY

 In his new book our speaker argues that responsiveness, resilience and creativity simply cannot be disentangled from the messy soil that produces them. How can the ‘art of mess’ help Local Authority’s manage change?

Tim Harford, Financial Times columnist, BBC broadcaster and author

Chaired by Lesley Williams, Chair, PLSA

13:00

Lunch and close of conference

Pensions and Lifetime Savings Association reserves the right to amend the programme.
This conference qualifies for up to 7 hours CPD under the PMI CPD Scheme and may qualify for CPD hours under the schemes of other professional bodies.