Westminster Business Forum

Next steps for UK pension funds: regulation of DB, consolidation and the future for CDC in the UK

Morning, Thursday, 13th September 2018

Central London

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.



Keynote Speakers

Julian Barker

Defined Benefit Strategy Team Leader, Department for Work and Pensions

David Fairs

Executive Director of Regulatory Policy, Analysis and Advice, The Pensions Regulator

Chair

Lord Kirkwood of Kirkhope

former Chair, Work and Pensions Committee

Speakers

Terry Pullinger

Deputy General Secretary (Postal), Communication Workers Union

Sandeep Maudgil

Partner, Slaughter and May

Jon Millidge

Group HR Director, Royal Mail Group

Michael Johnson

Research Fellow, Centre for Policy Studies

Sophie Ash

Pensions Director, KPMG

Professor Hans Van Meerten

Professor of International Pension Law, Utrecht University

Wayne Segers

Head of Transaction Services, XPS Pensions