Programme 2019

Stratford-upon-Avon
11-12 July 2019

Programme

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If you need help with your booking please contact Emma Rowland on 0203 953 2108 or via emma.rowland@emap.com

Crowne Plaza, Stratford-upon-Avon: 11-12 July 2019

​Essential Local Government Pension Scheme updates from expert practitioners

Thursday 11 July

09:00 – 09:45

Registration and refreshments

09:45 – 10:00

Chairman’s welcome:  Luke Webster, CEO, The Pension SuperFund
Introduction
Phil Triggs, Tri-Borough Director of Treasury and Pensions, Westminster City Council
There will be assigned seating

10:00 – 10:45

Session 1
Impact of the 2019 Valuation

What will the results of the 2019 valuation mean for the LGPS?

Discover the latest thinking around critical issues including funding, assumption setting, discount rates, cost cap, cash flow and asset allocation.

Michael Scanlon, Deputy Chief Actuary, Government Actuary's Department

Duncan Whitfield, Strategic Director of Finance and Governance, London Borough of Southwark

Graeme Muir, Partner and Head of Public Sector, Barnett Waddingham 

10:45 – 11:45

Session 2: From acorns to oak trees: How different pools go about their investment processes

An essential walk-through of the investment processes followed by the LGPS pools, providing a clear understanding of the integral processes undertaken.  Starting from when a new investment category request is made, the market research involved, analysis of in-house capability or appointment of external managers.  Learning where the pools are seeking innovation and new ideas in investment.  What the funds are looking for and how they collaborate.

Chair: Bridget Uku, Group Manager, Treasury & Investments, London Borough of Ealing

Rob Hall, Head of Equities, London CIV

Mike Weston, Chief Executive, LGPS Central

George Graham, Fund Director, South Yorkshire Pensions Authority 

11:45 – 12:15

Networking refreshments break

12:15 – 13:00

Session 3: Transition management 

  • Practical advice on what to be aware of when assets are transitioned across to the pools.
  • Find out how to handle some of the more complex asset classes including credit and direct property.
  • What is the role of the asset managers during the transition.
  • Has there been any additional implications caused by BREXIT?
  • How valuable is the use of a transition manager?
  • Is there an optimal time to transition the funds?

Chair: Phil Triggs, Tri-Borough Director of Treasury and Pensions, Westminster City Council

Cyril Vidal, Head of Portfolio Transition Solutions Group, Goldman Sachs

Neil Mason, Strategic Finance Manager, Surrey Pension Fund

John Harrison, Adviser, Border to Coast Pensions Partnership 

13:00 – 14:00

Networking lunch

14:00 - 14:45

Session 4 - Alternatives with a focus on infrastructure, housing, private markets and looking at volatility

  • The pros and cons of local infrastructure including regional infrastructure pots.  
  • Exploring local infrastructure on a national scale
  • Discovering the opportunity presented by the build to rent sector
  • How do you find a balance between achieving investment returns and the council’s need to provide housing?
  • What if railways, telecoms etc are nationalised?
  • How pension funds can best utilise allocations to alternatives to reduce volatility and enhance portfolio returns in the current market environment.

Tim Mpofu, Pension Fund Manager, London Borough of Hammersmith & Fulham

Bola Tobun, Finance Manager (Pensions & Treasury), London Borough of Enfield

Erik Norland, Senior Economist, CME Group

14:45 – 15:45

Session 5 – Round table investment discussion session

An opportunity for delegates to share their views on a topical investment area of their choice through a moderated discussion. New for this year, delegates will get the chance to choose which topic they want to discuss.

Investment beliefs – what are they?
Concentration risk of assets
Cashflow issues
Fixed income vs equity
Private markets
Emerging/frontier markets
Investment innovation

Introduction from Antony Barker, Managing Director Asset and Liability Management & Solutions, The Pension SuperFund

Moderators confirmed:

Justin Bridges, Head of Treasury and Pensions, Shropshire Council

Sharon Tan, Pensions Technical Specialist, Suffolk County Council

Eric Lambert, Independent Adviser

Philip Hebson, Independent Advisor

Debbie Fielder, Pensions Finance Manager, Clwyd Pension Fund

Peter Moon, Independent Adviser

Bola Tobun, Finance Manager (Pensions & Treasury), London Borough of Enfield

Anthony Fletcher, Independent Advisor

Anthony Parnell, Treasury & Pension Investments Manager, Carmarthenshire County Council

15:45 – 16:15

Networking refreshments break

16:15 – 17:30

Session 6

Interactive speed networking

Meet the key influencers in dedicated 1-2-1 meetings of 5 minutes’ duration 

19:00

Drinks reception

19:30

Dinner

After dinner, either head to the bar for more informal networking or take part in our optional karaoke session 

Friday 12 July

08:30 - 08:55

Networking refreshments

08:55 - 09:00

Chair’s opening remarks: Luke Webster, CEO, The Pension SuperFund

09:00-09:45

Session 7: ESG investing: demystifying what it actually means and how it can be integrated  

  • How ESG is embedded into the overall investment strategy.  
  • From delivering corporate social responsibility to making better financial decisions
  • What information do the pools need from the asset managers and what do they do with it?
  • How does ESG differentiate itself from purely ethical investing
  • Should the Pool or the Fund sign up to PRI?

Karen Shackleton, Senior Adviser, MJ Hudson Allenbridge and Founder, Pensions for Purpose

Michael Marshall, Director of Responsible Investment & Engagement, LGPS Central

09:45 –10.30

Session 8 – Ensuring effective accountability between the pools and underlying funds

In the early stages of pooling, how are the underlying funds able to hold the pools to account?  2-way accountability is obviously key but how can the Shareholder Committee, the Company Board, client oversight groups, service level agreements and other governance initiatives ensure that there is an honest and open dialogue between the pools and the funds?  What do the funds want from the pools and vice-versa and what happens if a pool underperforms and administering authorities want to leave.

Chair: Denise Le Gal, Chair, Brunel Pension Partnership

Mike O’Donnell, Chief Executive, London CIV

Eric Lambert, Independent Investment Adviser

Jill Davys, Assistant Director, Investments & Finance, West Midlands Pension Fund

 

10:30 – 11:00

Networking refreshments break

11:00 – 11:45

Session 9: Diversity and inclusion: what does it take to make the investment industry truly inclusive?

  • How we can improve the image of the financial services industry.
  • Collaboration: sharing best practice and ensuring positive change for business.
  • Asset owners perspective: what are the expectations of the LGPS stakeholders?
  • Workplace culture: creating a modern workplace that is fit-for-purpose

Gavin Lewis, Member of Steering Committee, The Diversity Project

Annie Healy, Ambassador, The Diversity Project

Andrien Meyers

11.45 – 12:45

Session 10

The revised Ministry for Housing, Communities and Local Government (MHCLG) guidance – what it means (followed by question time)

  • The implications of the revised guidance for the pools and funds and what will need to be reviewed in the first instance
  • How are the pools interacting with central government?
  • How will pools’ investment performance and cost efficiencies be measured and communicated
  • In what circumstances can funds still invest directly and not through the pools

Chair: Luke Webster, CEO, The Pension SuperFund

Jeff Houston, Head of Pensions, Local Government Association

Teresa Clay, Head of Local Government Pensions, Ministry for Housing, Communities and Local Government

Clare Scott, Independent Adviser, Leicestershire County Council Pension Fund and London Borough of Hillingdon

13:00 – 13:05

Closing remarks from the chair: Luke Webster, CEO, The Pension SuperFund

13:05 – 14:15

Lunch

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