In partnership with:

 Legal & General Investment ManagementLegal & General Investment Management

Webinar description:

According to the Pension Protection Fund’s Purple Book 2020, the overwhelming majority of schemes are now either closed to new members or to new accrual – with just 11% of schemes currently open to new members.

As a result of scheme closures, most schemes are now cashflow negative and payments to pensioners exceed the contributions from members and the sponsoring employer.

Against this backdrop, many pension schemes are turning their attention to endgame – looking at how they can both continue to provide the benefits to members while minimising the costs and risks to the sponsor.

This webinar will look at how a pension scheme can determine the right endgame strategy – looking at setting the right objectives and how to achieve them.

It will also look at investment in the endgame phase – asking which sort of assets can be included in an endgame strategy, how to incorporate asset classes such as private assets into such a strategy and assess, for schemes looking to buyout, which sort of assets can help match buyout pricing.

Presenters

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Jonathan Stapleton

Editor, Professional Pensions

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Jonathan is editor of Professional Pensions and has been reporting on UK occupational pensions since 2001. He has won a number of awards during his career, most recently the SPP Trade Journalist of the Year Award in 2019. He is also holder of the PMI's Retirement Provision Certificate.

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Jon Exley

Solutions Manager, Schroders

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Jon is a member of the Investment Solutions team, responsible for the design and development of innovative asset management solutions for global institutional clients. Jon joined Schroders in November 2016 and is based in London.

Prior to joining Schroders, he was a Partner in the Investment Advisory practice of KPMG following senior roles in Mercer’s Financial Strategy Group and in the Pension and Insurance team at Barclays Capital.

Throughout his career he has specialised in the provision of strategic investment advice and asset/liability modelling and has led the application of modern financial techniques to pension scheme investment.

Fellow of the Institute of Actuaries (FIA). First Class Degree in Mathematics, Imperial College, London.

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Ian Mills

Partner and Head of DB Endgame Strategy

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Ian advises pension trustees and sponsors on developing and implementing strategies for achieving the long-term goals of their pension scheme. He helps clients to identify and define their endgame objectives, and then helps them to build and implement integrated funding, investment and covenant strategies tailored to their unique circumstances.

Ian’s advisory style is pragmatic and collaborative. He works with his clients and their other advisers to explore the options, but then puts himself in the client’s shoes to provide a clear recommendation as to what he would do if he were them. He does not over-engineer, but provides clear and actionable advice to help pension schemes take control of their situation, by focusing on the issues that will have the biggest impact.

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