Morning, Thursday, 13th September 2018
THIS EVENT IS CPD CERTIFIED
This seminar will bring together policymakers and key stakeholders to consider how measures from the Pensions Defined Benefit (DB) white paper can best be implemented to protect the interests of consumers - focusing on key proposals around regulation and the consolidation of schemes. It will also be an early opportunity to consider the future for Collective Defined Contribution (CDC) in the UK, with a Work and Pensions Committee report highlighting the potential for CDC to ‘transform the pensions landscape’.
The seminar comes as the Pensions Regulator works with the DWP to develop proposals to expand powers around reporting and anti-avoidance, and delegates will consider how sanctions might most be most effectively imposed on negligent schemes, as well as how the DB Code of Practice might best be clarified. Attendees will also discuss how the DB market might be made less volatile and more competitive - with the Government due to consult on a framework for facilitating the consolidation of DB schemes later this year.
Further sessions will examine the possible introduction of the CDC model - looking at key themes emerging from the ongoing Select Committee inquiry - and the agenda also includes a case study from the Royal Mail Group and the Communication Workers Union on their work developing the UK’s first CDC scheme. Delegates will discuss the lessons that might be learnt from CDC in other countries; practicalities for establishing the schemes in the UK’s complex pensions market; and how concerns around client ownership, risk management, and compatibility with pension freedoms might be addressed.