PTC July 2023

Dates:

10 July 2023 17:00 to 11 July 2023 16:00

Venue:

Royal Berkshire, London Road, Sunninghill, Ascot, Berkshire SL5 0PP

Chairperson:

Various members of the PTC Advisory Committee

Details:

Programme

Monday:

Topical Legal & Investment Issues Update

An update on current legal and regulatory changes that impact pension fund investment and governance for DB and DC schemes.
DB Funding Code Update
Risk Transfer Market Update
Covenant Assessment and Integrated Risk Management

Tuesday:

Actuarial Valuation Assumptions & Models – Especially Post LDI Crisis & Rising Rates/Inflation

Post LDI Crisis – Liquid vs Illiquid Asset Allocation

Strategic Asset Allocation now and the balance between illiquid and liquid assets
Should schemes rebalance? If so how, in particular, do you reduce any illiquid asset exposure?
Implications for returns and liquidity management
Re-evaluating asset allocation strategy post LDI Crisis
Aligning strategic position with long term objectives such as buyout and/or self-sufficiency?
Generating liquidity in illiquid assets – can you sell?
Valuation of illiquid assets – are we likely to see correction?
What can you do with your strategic asset allocation to ensure you are buyout-ready for any transfer to an insurer?

Keynote Talk: Nausicaa Delfas, Chief Executive, The Pensions Regulator

Nausicaa will discuss recent policy development, topical updates on TPRs’ work and thoughts for the future.

Selecting & Moving to a Master Trust – Practical Considerations

What are the latest developments in the Master Trust landscape including the increased scrutiny from the Regulator and Government?
What are the key advantages and disadvantages of Master Trusts for sponsoring companies and members?
What costs are involved when considering transferring to a Master Trust? How do you decide on which one to choose?
What investment strategies and defaults have been developed within Master Trusts and will they actually deliver good retirement outcomes for members?
Can they deliver the promise of benefits from economies of scale to cost effectiveness?
What communication challenges do you need to consider with members?
Are there capacity issues in the marketplace? If you choose a Master Trust, will it still be there in a few years’ time?
How transparent are Master Trusts on the issues of costs and fees and can they deliver value for money?