Events

Wednesday, 13 June 2018
9:00 AM

Description

With the largest falls in equity markets for six years, pension schemes have been reminded that asset values can fall as well as rise and volatility in markets has not gone away. As pension schemes slowly mature, volatility becomes an even bigger foe with less time to make up falls and an increased need for disinvestments crystallising losses.

Cashflow driven investment has been making the headlines in recent months as a way of helping maturing schemes, but what does this new buzzword actually mean and how might you evolve your investment strategy?

Our team of experts will explain our latest thinking including looking at innovative ways to help assess and manage risks. This investment masterclass will include case studies and be based on practical examples.

Topics covered include:

  • Cashflow driven investment: what approaches are available and which one is best for your scheme?
  • Volatility: why managing this will be even more important during the next decade than in the last.
  • Risk management: looking at today’s value of newer approaches such as structured equity and more traditional methods like liability driven investment.
  • Cashflow matching: how to follow the approach insurance companies take in managing risk.

Agenda

​​08:30 - Registration
09:00 - Commences
10:30 - Close with coffee

Location

The New Club
86 Princes Street
Edinburgh
EH2 2BB

Directions

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Wednesday, 13 June 2018
9:30 AM

Description

For trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.

Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management.
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy.
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.

Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

Agenda

​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Tuesday, 26 June 2018
9:30 AM

Description

This half-day course takes trustees through the key steps that they will need to take as part of their triennial scheme funding valuation looking particularly at the assessment of the employer covenant, the setting of key assumptions and the development and monitoring of an integrated risk management plan.

This course would be ideal for trustees who are just about to embark on a triennial valuation and who would like some training in advance of starting the process. It should be useful for both new and experienced trustees. The course will cover the legal and regulatory requirements of the scheme funding process as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

Covenant:

  • An overview of the employer covenant and the scenarios in which it is usually assessed
  • The factors typically considered in a covenant assessment, including the Pensions Regulator’s guidance on assessing covenant
  • The impact of the employer covenant on a scheme’s investment and funding strategy

Funding:

  • An overview of the scheme funding process and the Pensions Regulator’s code of practice and guidance on scheme funding
  • Setting the key assumptions, in particular the discount rate and mortality assumptions
  • Considerations when agreeing a recovery plan with the employer

Integrated Risk Management (IRM):

  • Background to the introduction of IRM by the Pensions Regulator and its potential benefits
  • Practical steps for putting an IRM framework in place
  • Possible approaches for ongoing monitoring of the key risks

Price: £295+VAT (to include all course materials, lunch and refreshments)

Agenda

9.30am to 1pm followed by lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Tuesday, 03 July 2018
9:30 AM

Description

​For trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.

Punter Southall’s TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions.
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management.
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy.
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.

Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

Agenda

​​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Wednesday, 04 July 2018
9:00 AM

Description

With the largest falls in equity markets for six years, pension schemes have been reminded that asset values can fall as well as rise and volatility in markets has not gone away. As pension schemes slowly mature, volatility becomes an even bigger foe with less time to make up falls and an increased need for disinvestments crystallising losses.

Cashflow driven investment has been making the headlines in recent months as a way of helping maturing schemes, but what does this new buzzword actually mean and how might you evolve your investment strategy?

Our team of experts will explain our latest thinking including looking at innovative ways to help assess and manage risks. This investment masterclass will include case studies and be based on practical examples.

Topics covered include:

  • Cashflow driven investment: what approaches are available and which one is best for your scheme?
  • Volatility: why managing this will be even more important during the next decade than in the last.
  • Risk management: looking at today’s value of newer approaches such as structured equity and more traditional methods like liability driven investment.
  • Cashflow matching: how to follow the approach insurance companies take in managing risk.

Agenda

​​08:30 - Registration
09:00 - Commences
10:30 - Close with coffee

Location

​​Tortworth Court Hotel
Gloucestershire
GL12 8HH

(Just off J14 of the M5)

Register for event

Thursday, 12 July 2018
9:30 AM

Description

This half-day course takes trustees through the key issues involved in deciding whether and how to implement liability-driven investment (LDI) strategies.

Interest rate and inflation risks are typically two of the most significant financial risks faced by defined benefit pension schemes in the UK. Liability-driven investment LDI strategies aim to manage these risks. We continue to see significant growth in the LDI toolkit that is available to schemes as investment managers react to the increasing demand for such solutions. This is all happening at an interesting time, where long-term interest rate expectations are near, or at, all-time lows.

Our course will cover:

  • An introduction to the principles behind LDI and how LDI strategies work
  • The tools available to manage interest rate and inflation risks within a pension scheme
  • The key issues to be aware of when using LDI
  • How appropriate an LDI solution is in the current low-yield environment

Price: £295+VAT (to include all course materials, lunch and refreshments)

Agenda

​9.30am to 1pm followed by lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Thursday, 06 September 2018
9:30 AM

Description

This half-day course takes trustees through the key issues involved in deciding whether and how to implement liability-driven investment (LDI) strategies.

Interest rate and inflation risks are typically two of the most significant financial risks faced by defined benefit pension schemes in the UK. Liability-driven investment LDI strategies aim to manage these risks. We continue to see significant growth in the LDI toolkit that is available to schemes as investment managers react to the increasing demand for such solutions. This is all happening at an interesting time, where long-term interest rate expectations are near, or at, all-time lows.

Our course will cover:

  • An introduction to the principles behind LDI and how LDI strategies work
  • The tools available to manage interest rate and inflation risks within a pension scheme
  • The key issues to be aware of when using LDI
  • How appropriate an LDI solution is in the current low-yield environment

Price: £295+VAT (to include all course materials, lunch and refreshments)

Agenda

​9.30am to 1pm followed by lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Wednesday, 12 September 2018
9:00 AM

Description

Trustees and Sponsors are under greater pressure than ever to justify their stance on risk. This year’s valuations will take place against a backdrop of increasing market volatility and increased political and regulatory scrutiny arising from cases such as Carillion and Toys R Us. There will be requirements to ensure that the valuation takes place as part of a full Integrated Risk Management (IRM) framework and to comply with any new proposals in the White Paper on DB pensions. Our interactive session will give you practical guidance on the new requirements and how to manage your next valuation to produce justifiable decisions about your scheme’s future. Topics will include:

  • Economic assumption considerations in light of the current market outlook
  • Assessing the risks in an integrated fashion
  • New requirements for covenant assessment
  • Choosing between different funding approaches and methodologies depending on your risk capacity
  • Building in ways to follow up and monitor your approach.

Agenda:

08:30 Registration
09:00 Commences
11:00 Close with coffee

Location:

The British Academy
10-11 Carlton House Terrace
London
SW1Y 5AH

Register for event

Thursday, 04 October 2018
9:15 AM

Description

​Experts from across XPS will give you their most up to date, practical and commercial ideas to address workplace pension schemes.

Agenda

​​​08.30: Registration
09.15: Start
13.00: Close with lunch

Location

Central London

Register for event

Thursday, 11 October 2018
9:30 AM

Description

For trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.

XPS Pensions' TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management.
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy.
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.

Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

Agenda

​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Thursday, 22 November 2018
9:00 AM

Description

With the largest falls in equity markets for six years, pension schemes have been reminded that asset values can fall as well as rise and volatility in markets has not gone away. As pension schemes slowly mature, volatility becomes an even bigger foe with less time to make up falls and an increased need for disinvestments crystallising losses.

Cashflow driven investment has been making the headlines in recent months as a way of helping maturing schemes, but what does this new buzzword actually mean and how might you evolve your investment strategy?

Our team of experts will explain our latest thinking including looking at innovative ways to help assess and manage risks. This investment masterclass will include case studies and be based on practical examples.

Topics covered include:

  • Cashflow driven investment: what approaches are available and which one is best for your scheme?
  • Volatility: why managing this will be even more important during the next decade than in the last.
  • Risk management: looking at today’s value of newer approaches such as structured equity and more traditional methods like liability driven investment.
  • Cashflow matching: how to follow the approach insurance companies take in managing risk.

Agenda

08:30 - Registration
09:00 - Commences
10:30 - Close with coffee

Location

The British Academy
10-11 Carlton House Terrace
London
SW1Y 5AH

Register for event

Monday, 03 December 2018
9:30 AM

Description

For trustees of defined benefit schemes

It is now over ten years since the Trustee Knowledge and Understanding (TKU) requirements were introduced. Since, then the range of topics that trustees need to understand has become much wider, with new concepts such as integrated risk management for trustees to grapple with, an ever greater choice of asset classes and investment approaches to consider and additional governance considerations for trustees to comply with.

XPS Pensions' TKU courses are aimed primarily at new trustees (or those who would like a refresher) and will take trustees through the basics of the Pensions Regulator’s TKU scope guidance as well as providing an insight into some of the experiences and challenges that trustees are likely to face. The course will be interactive, with plenty of practical examples and opportunities for discussion and questions.

The course will cover:

  • Introduction to pension schemes: the parties involved in pension schemes and some of the legislative background to pensions.
  • Trusts and trusteeship: the roles and responsibilities of trustees and key trustee powers and discretions
  • Funding and valuations: the types of actuarial valuations and the Pensions Regulator’s expectations for funding pension schemes, including integrated risk management.
  • Introduction to investment: different asset classes, the risks and rewards associated with them and the key principles in setting an investment strategy.
  • Managing a pension scheme: preparing for a typical trustee meeting and key governance and whistleblowing requirements.

The course is aimed at the trustees of defined benefit (DB) schemes, but will also touch on the key issues relating to defined contribution (DC) AVC funds for which many DB trustees will also be responsible. It is designed for new trustees and as a refresher for more experienced trustees. It may also be of interest to non-trustees who would like to have a better understanding of the perspective of a pension scheme trustee.

Price: £495+VAT (to include all course materials, lunch and refreshments throughout the day)

Agenda

​09:30 to 16:30 including lunch

Location

XPS Pensions Group Offices
11 Strand
London
WC2N 5HR

Register for event

Thursday, 13 December 2018
9:00 AM

Description

Trustees and Sponsors are under greater pressure than ever to justify their stance on risk. This year’s valuations will take place against a backdrop of increasing market volatility and increased political and regulatory scrutiny arising from cases such as Carillion and Toys R Us. There will be requirements to ensure that the valuation takes place as part of a full Integrated Risk Management (IRM) framework and to comply with any new proposals in the White Paper on DB pensions. Our interactive session will give you practical guidance on the new requirements and how to manage your next valuation to produce justifiable decisions about your scheme’s future. Topics will include:

  • Economic assumption considerations in light of the current market outlook
  • Assessing the risks in an integrated fashion
  • New requirements for covenant assessment
  • Choosing between different funding approaches and methodologies depending on your risk capacity
  • Building in ways to follow up and monitor your approach.

Agenda:

08:30 Registration
09:00 Commences
11:00 Close with coffee

Location:

Central London
The British Academy
10-11 Carlton House Terrace
London
SW1Y 5AH

Register for event