Dates:
2 October 2022 17:00 to 3 October 2022 16:00
Venue:
Oulton Hall Hotel, Oulton Hall Hotel, Spa & Golf Resort, Leeds LS26 8HN
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Chairperson:
Various members of the PTC Advisory Committee
Details:
Programme
Sunday: Legal & Investment Update
An update on current legal and regulatory changes that impact pension fund investment and governance for DB & DC schemes. We will discuss the Dashboards consultation, DC transfers and Consolidation.
- An update on current legal and regulatory changes that impact pension fund investment and governance for DB and DC schemes.
- We will discuss the Dashboards consultation and DC transfer
- An update on latest developments in LGPS and case study from one of the pools on their investment strategy
Inflation – Considering Investment Strategies & Practical Issues such as CAPS and Covenant implications
A macro and micro-outlook of inflation and its implications for Assets and Liabilities.
- A macro and micro-outlook of inflation its implications for Assets and Liabilities
- How to invest in a persistent inflationary environment?
- What are the tactical and/or strategic opportunities or is it just a case of managing the risks in markets as best you can?
- What is the position if you buy out with pension growth at 2% but inflation is now much higher say 7% or 8 % – are trustees doing their duties?
- Practical consideration of inflation for all stakeholder, especially as CAPS bite and collateral management on hedging
- With the current high levels of inflation, should Trustees be giving discretionary increases on pensions where they are able to do so?
LDI & Hedging in a Rising Rates Environment
What are the challenges for Trustees adjusting investment strategies and asset allocation given the continuing rise of interest rates and unexpectedly high inflation? What are the collateral challenges and implication for leveraged LDI portfolios and hedging?
- What are the challenges for Trustees adjusting investment strategies and asset allocation given the continuing rise of interest rates and unexpectedly high inflation?
- What are the collateral challenges and implication for leveraged LDI portfolios and hedging?
- What scenarios of LDI and hedging have schemes stress tested?
- How should schemes be considering their LDI and hedging strategy going forward?
- Should you be taking hedges off?
Keynote Presentation Ian McKinlay, former Chief Investment Officer, Lloyds Banking Group and previous CIO at The Pension Protection Fund, followed by group discussion.
Illiquid Assets – Can you have Liquidity When Needed?
A look at the role for illiquid assets today, the illiquidity premium and the challenges in generating liquidity. Issues of selling illiquid assets or transferring them to Insurers or Consolidation Vehicles. Current volatility issues etc.
- A look at the role for illiquid assets today, the illiquidity premium and the challenges in generating liquidity.
- Issues of selling illiquid assets or transferring them to Insurers or Consolidation Vehicles.
- With the current volatility in markets distorting strategic asset allocations, how can you rebalance away from illiquid to liquid assets costs effectively?