Pensions Aspects Live 2023
Pensions Aspects Live
The award-winning Pensions Aspects Live is aimed at pensions professionals and those working in aligned business areas. The event complements our member magazine, Pensions Aspects, and draws on the current issues and challenges facing employee benefit consultants, administrators, trustees, lawyers and members.
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Fees
Members: Free
Non-members (pension scheme representatives & asset owners): Free
Affiliate and Corporate members: £600 (+VAT)
Non-members: £1200 (+VAT) -
In-person
event -
10+
speakers -
CPD
7
Event Details
THE BASICS
More details to follow.
- Pension Scheme Managers
- Trustees
- Administrators
- Policy advisers
- Consultants
- Lawyers
- Corporate IFAs
- Investment managers
- Actuaries
- Communication professionals
IET London: Savoy Place, 2 Savoy Pl, London WC2R 0BL
Agenda
In this session, Karen and Karina will discuss some of their thoughts on the current high inflation environment and how this may affect members and schemes. They will consider what Trustees should be thinking about in relation to their investment and funding decisions as well as considering how to achieve good member outcomes in a new economic environment.
In this session, we’ll be providing an overview of biodiversity and nature-related risks and the potential impacts they have on pension scheme investments. We’ll then uncover how pension schemes can start navigating nature-related risks. This will include a framework to begin looking at nature-related risks, alongside the types of questions they could be asking their asset managers.
What’s the biggest driver of biodiversity loss?
What’s more important to address first? Climate risk or nature-related risks?
Nature-related risks seem quite complex – where do I start?
Do you anticipate regulation in this area, similar to the requirements of pension schemes over £1bn in size hat have to report climate risks with the TCFD framework?
As the DC market continues to mature, investment strategies are increasingly in the spotlight. The traditional passive equity and bond split that has dominated DC investment strategies is no longer viewed as the most effective way to deliver good member outcomes - but how easy is it to change investment strategies and what considerations should be made in the process? This panel will discuss the influencing factors that push portfolio diversification up the investment agenda, the role that alternatives play in any investment strategy and the barriers faced by schemes when considering alternatives. We'll also discuss key findings in the recently published PPI research report: 'What role could alternative assets play in DC investment strategies in the future?'.
This session will provide insights on how the buy-in/buy-out market is adapting to increased demand and how future transactions could be different to the historic norm. We'll be breaking down the market into 4 categories and exploring how to get the right deal for each. Whether you're managing a multi-billion pound scheme or seeking a solution for a sub-£10m scheme, navigating the market is increasingly important, whilst also assessing any alternatives to insurance that might meet your pensions objectives.
• Endgame has arrived quicker than we have expected.
• Challenges this has created especially if you are facing a larger transaction than expected.
• Investment markets particularly fixed income markets remain volatile.
• Generating liquidity and managing cashflows.
• Once obtained how can you invest your distribution proceeds from private assets/private equity?
This session in association with the Royals Society of Arts, will consider the future prospects for CDC in the UK. In particular speakers will cover the scope for creating new schemes, the establishment of schemes for non-associated employers as well as variable-annuity schemes and CDC as a decumulation-only vehicle.
In this session we will discuss how technology is offering enhanced control, visibility and self-sufficiency for the management and administration of members retired overseas. We will focus on changing pension fund and member expectations and the increased demand for a secure, online user experience. The session will predominantly focus on the increasing shift from traditional methods to digital solutions when verifying members’ existence and identity, and how this can be managed coherently. We will also explore how technology is making the international pension payroll process more seamless, particularly for TPAs managing numerous pension payroll files monthly.
• The immediate future of digital provision (PDP)
• Where members sit within this vision, the benefits of moving towards digital provision and the roadblocks to providing pensions digitally.
• What Trustees and scheme managers can do to ensure they accept and embrace digital provision.
• The longer term future and new technology
This panel will set out the latest on the Regulator’s General Code including what TPR is trying to achieve and how it plans to implement the Code. The speakers will then set out some of the key opportunities and risks they see for the pensions industry and discuss what measures could be taken to support a seamless integration once the final document is published.
In this session, speakers will examine what an effective system of governance looks like for schemes and what steps can be taken to make decision more robust at Board level.
They will consider how best to choose and work with professional advisers in order to strike the right balance between support and autonomy. Finally, we will also discuss what individual trustees and Board members can do to self-develop and educate themselves to fill in any knowledge gaps.
David will provide an update on the Pensions Dashboards Programme and following the DWP written ministerial statement announcement on 8 June, outline what this means for industry. He will also focus on what is next and what preparations can continue to get ready for dashboards.
With new technologies like ChatGPT and AI development in general making major strides in recent times this discussion with tech guru David Rowan will be timely for the pensions industry. David will provide invaluable insights in to how these new technologies will change the way businesses operate, but also how they will lead to cultural developments in the way we work and engage with each other. In this session, we consider the significant opportunities and risks facing industries and society.
Speakers
Hear from the experts
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David RowanFormer editor of Wired Magazine & Tech Investor
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Adrian BouldingThe Royal Society of Arts and the Institute and Faculty of ActuariesFellow
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Anthony RaymondThe Pensions RegulatorGeneral Counsel and Director of Governance Risk and Assurance
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Chris CorfieldCrown Agents BankVP, Banks & Non-Bank Financial Institutions – Pensions Lead
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Clive PughBurgess SalmonPensions Partner and Head of Pensions Regulatory Investigations
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Daniel HeatonBarnett WaddinghamAssociate and Senior Client Account Manager
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David ReidPensions Dashboard ProgrammeHead Of Policy
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Darren PhilpShula PR and PolicyFounder
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Dr Harinder MannThe Royal Society of ArtsCo-chair of the Royal Society of Arts’ CDC Pensions Forum
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Geraldine Brassett, FPMIWillis Towers WatsonSenior Consultant
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Gareth TancredPensions Management InstituteCEO
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Jeremy De PessemierWorld Gold CouncilAsset Allocation Strategist
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Joanna Sharples, FIAAonPartner
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John ChilmanRailpen LimitedChief Executive
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Karen HeavenRedingtonManaging Director
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Karina KlimaszewskiAonPartner
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Mattea PaucRe-Educating EarthlingsFounder
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Niklas JeschkeT.Rowe PriceAssociate Strategist
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Nikhil PatelMercerSenior Risk Transfer Consultant
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Paul TinslayDalriada TrusteesProfessional Trustee
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Sara Cook, FPMIPensions Management InstitutePresident
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Susie DaykinTravers SmithPartner
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Simon Maxwell, FPMIBarnett WaddinghamAssociate & Senior Pension Management Consultant
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Sue AustenAonPension Trustee Advisor
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Scott FosterCACEISHead of Digital & Governance Solutions UK
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Tim Middleton, FPMIPensions Management InstituteDirector of Policy & External Affairs
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Carolyn StantonFirst Actuarial LLPConsultant & Scheme Secretary
David Rowan explains compellingly how emerging technologies will impact business — and how leaders should prepare now. As founding Editor-in-Chief of WIRED magazine’s UK edition, David came to know the founders of WhatsApp, LinkedIn, Google, Didi, SpoFfy, Xiaomi, Nest, Twittter, and countless other ambitious startups. David Rowan is a technology expert, investor, author, and speaker. David deconstructs tech trends in real time, unpacking how major innovations like artificial intelligence, quantum computing, autonomous vehicles, and more, are changing businesses and consumers. He focuses on how technology-led innovation can build prosperity even in economic downturns and amid market crises. He delivers fascinating and knowledgeable presentations full of insight into the future of technology together with lively examples and engaging video clips which reveal that, in some cases, the future is already here.
Adrian Boulding is a pensions professional experienced in all aspects of private sector pensions and is currently a Member of The RSA CDC Forum.
His career has included spells at Prudential, Legal & General and NOW: Pensions as well as leading on Retirement issues for trade body TISA.
His work has spanned sales, marketing, customer service, product design and trusteeship of both DB and DC schemes.
Adrian has a habit of getting involved in what’s new in pensions, and has served on Government Reviews of Stakeholder Pensions, Automatic Enrolment and Small Pots.
Adrian is a Fellow of both The RSA and the Institute and Faculty of Actuaries. He is a winner of the Pensions Management Institute’s “Outstanding Contribution” award.
Outside of work Adrian’s interests include archery, bridge and mid-century ceramics.
Anthony is General Counsel and Director of Governance, Risk and Assurance in the Governance, Risk and Assurance Directorate (GRA) at The Pensions Regulator (TPR). His accountabilities are twofold: firstly, as legal advisor to Board and ExCo.
Secondly as Director of GRA, the directorate specializing in governance, decision making, assurance, audit and risk.
Anthony qualified as a solicitor 21 years ago and has worked at TPR for the last fourteen years, initially as a litigation lawyer and subsequently in policy, management and leadership roles. Anthony has extensive experience of regulatory, pensions and public law and practices. Prior to his work at TPR, Anthony specialised in white-collar crime litigation and extradition.
Clive joined Burges Salmon as a pensions partner in 2008, having spent over five years at the Pensions Regulator. His private practice background, coupled with his regulatory experience, creates an ideal fit for advising both employers and trustees. His work includes advising on the Silentnight and Bernard Matthews pensions schemes.
Clive advises on all aspects of pensions law, and specialises in clearance, PPF cases, scheme funding and governance, legal interpretation, strategic advice and buy-ins.
His experience at the Regulator includes advising on pension scheme funding and clearance issues. He is regarded as an expert in negotiations, including on benefit redesign, closures and corporate developments.
Clive has advised on a large number of leading scheme funding cases where there has been regulatory interest. He is therefore well-placed to advise on regulatory issues, and his unique insights add real value for our clients.
Clive is also a regular commentator in the press and in industry publications. He is a member of the Association of Pensions Lawyers, the Pensions Management Institute Advisory Committee and the Association of Pensions Lawyers' International Committee. Clive is also a member of the NAPF's legal panel.
Clive is dual qualified in England and Wales and Northern Ireland.
David leads the Policy and insight team on the Pensions Dashboard Programme and is on secondment from the Department for Work and Pensions (DWP). David is responsible for working across government to ensure the legislative, legal and regulatory requirements of the programme are delivered. As a senior manager on the Pension Wise team at DWP he had responsibility for strategy, finance, analysis, marketing and learning and development.
David has worked in pensions since 2008 when he joined the Automatic Enrolment Programme leading on the analysis of employer and exchequer costs. He moved into the policy profession in 2011 and was Head of Automatic Enrolment & NEST Policy and led the department’s sponsorship of NEST until 2015 when he moved to the Pension Wise team in HM Treasury.
David has a MMathStat (Hons) in Mathematics and Statistics from the University of Newcastle Upon Tyne.
Darren is Founder of Shula PR and Policy.
Prior to that Darren was Director of Policy at Smart Pension, where he was active in the industry lobbying for change in pensions and financial services for the benefit of members and customers. Darren joined Smart in September 2018, having previously undertaken policy-related roles at the The People's Pension, the National Association of Pension Funds (now Pensions and Lifetime Savings Association) and HM Treasury – where he headed up the pensions team between 2007 and 2010 and was closely involved in the design and implementation of the UK’s flagship auto-enrolment programme.
Darren is active within industry bodies through contributing to research, thought leadership and policy development work, and is a regular commentator in the media. He has sat on various PLSA and ABI committees, and is a member of the PLSA Policy Board. He also sits on
the PMI external affairs committee, and has recently joined the AIMSE Europe Council. Darren is a governor and trustee of the independent Pensions Policy Institute.
Darren has a BSc(Econ) in Economics from Leicester University and an MSc in Economics and Econometrics from Southampton University. Outside of work, Darren’s interests include football (both ‘soccer’ and American Football), cricket and listening to live music. Darren is also attempting (with the emphasis on attempting….) to learn the piano.
Dr Hari Mann is a Professor of Strategy and Innovation at Ashridge Business School focused on Executive Education. Through his career, he has worked within academia, investment banking and politics. In 2010, he was made Director of Tomorrow’s Investor, a project run by the Royal Society of Arts focused on how to deliver better pensions in the UK. Hari has worked with David over the past seven years on a series of publication under the Tomorrow’s Investor project. These have focused on how to deliver a better pensions architecture in the UK, how to lower investment costs in UK pensions and what can the UK learn from other countries in the world around pension fund management. He is currently co-chair of RSA CDC Forum.
Gareth Tancred is the Chief Executive of the Pensions Management Institute (PMI). He is responsible for the development of strategy, operational plans to deliver it and the executive management and administration of the PMI.
Prior to joining the PMI, Gareth was the CEO of the British Institute of Facilities Management where he oversaw a significant growth in its qualifications, membership and profitability, creating a stronger voice for the profession and working with Government on a number of initiatives for the benefit of the economy and society.
He has over 18 years’ experience at Board level, ranging from SMEs to large UK, European and international organisations, with an extensive portfolio as CFO.
Gareth became a Fellow of the Chartered Institute of Management Accountants in 1994, having qualified in 1992.
Jeremy works in the global research team at The World Gold Council in the role of global asset allocation strategist. He has over 15 years’ experience in global multi-asset investment strategies and solutions. Prior to joining the World Gold Council, Jeremy worked as Senior Investment Strategist at State Street Global Advisors. Before that he was part of the portfolio construction team at Bank of Ireland Asset Management.
Joanna is a Partner in Aon's Investment Practice and is the Chief Investment Officer for Aon’s DC Solutions. She has over 20 years’ experience in the pension and investment industry and is a Fellow of the Institute and Faculty of Actuaries.
Joanna is responsible for the development and implementation of delegated investment solutions for DC pension schemes, working closely with Aon’s UK delegated team. Joanna also leads the development of Aon’s house views around DC investments, in particular default and lifestyle strategies, and sits on the UK DC Investment Committee.
John is the Chief Executive of Railpen, which provides pension, fiduciary and investment management services to the Railways Pensions Scheme (RPS), a £35bn multi-employer plan with over 350,000 members, and a number of third-party administration clients.
Previously John was a trustee, and latterly Chairman, of the RPS, and held several pension Trusteeships in the UK and North America.
After completing a degree at St. Anne’s College, Oxford, in Geography, John qualified as a Chartered Accountant with Price Waterhouse, before moving into finance, change and M&A roles in South West Electricity and Shell.
He moved into pensions and reward in the late 1990s, enjoying two periods at FirstGroup, sandwiched around two years as Group Head of Reward at HBOS. He joined National Grid in May 2017, where he lead the pension change agenda, having responsibility for the pension arrangements in the UK and US, including investment, benefit design, risk management and communications.
In 2021 John was appointed to the PLSA Policy Board, becoming Chair of the DB Committee and Chair of the Policy Board later that year. He is also a Council member (Director) of the Pensions Policy Institute and is an Independent Trustee Director of the Nestlé UK Pension Fund, where he now chairs the DB Investment and DB Funding committees, having previously chaired the DC committee.
Karen is a Managing Director in the Investment Consulting team at Redington. She provides investment advice to trustees and corporate sponsors of Defined Benefit pension schemes. Karen is also the Chair of Redington’s firmwide Investment Strategy Committee, the internal body that oversees the building blocks of Redington’s investment advice to clients.
Karen has over twenty years of pensions and investment experience, having begun her career in the Global Capital Markets division of Morgan Stanley, most latterly in the European Pensions Advisory group, before joining Redington in 2011.
Karen has a M.Eng in Engineering, Economics and Management from Oxford University.
Niklas Jeschke is an associate strategist on the Multi-Asset Solutions team for EMEA based in London.
Niklas' investment experience began in 2009, and he has been with T. Rowe Price since 2020, beginning on the Multi-Asset Solutions team. Prior to this, Niklas was employed by BlackRock as an investment strategist focused on client portfolio solutions.
Niklas earned a B.A. in business administration from Berufsakademie Schleswig-Holstein and a double master’s degree in management and financial markets from EDHEC Business School. Niklas also has earned the Chartered Financial Analyst® designation.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Nikhil is a Senior Principal at Mercer with over 15 years’ pensions experience helping trustees and corporate clients reduce risk, liabilities and costs from their DB pension arrangements through various de-risking strategies. Nikhil is a qualified actuary and specialist consultant within Mercer’s Risk Transfer team.
Nikhil has significant experience of preparing for and transacting buy-in and buyout deals from £2m up to over £4bn in size and advises clients on how to navigate the wide-ranging complexities of buy-in and buyout projects to deliver a successful outcome for members, trustees and sponsors.
With 34 years in the Life and Pensions Industry, Paul has the very rare experience of having been a personal financial adviser, a market leader in the at/post-retirement market, a corporate pensions adviser and now a Professional Pension Trustee and Governance Committee member for DB and DC pension schemes.
Paul worked with the Government Actuary’s Department to develop the original drawdown legislation and has worked with a number of Insurers to develop at/post-retirement products and investment solutions.
Sara is a Principal and Senior Pension Management Consultant focussing on secretariat and governance services and supporting trustee special projects. Her natural approach supports a collaborative working relationship with clients whilst keeping them compliant with legislative and regulatory requirements.
She coordinated Barnett Waddingham’s response to The Pensions Regulator’s combined code consultation and has been supporting the development of training materials for trustees of pension schemes and a pragmatic approach for compliance with the new requirements.
In 2020, Sara was elected as a second vice-president to the Pensions Management Institute and joined the board as a non-executive director as part of her role.
Life is about more than work - In her spare time Sara enjoys making amigurumi crochet toys (much to the delight of younger family members), brisk walks from her north Essex coastal home and an occasional glass of Pinot Grigio.
Simon is an experienced governance specialist who works pro-actively with trustee boards in all aspects of pension scheme governance to ensure they adhere with best practice and their statutory duties. This includes trustee effectiveness reviews, and the design, implementation and maintenance of trustee business plans, risk registers and other governance documents.
In addition to his governance role, Simon works closely with our administration team, acting in a senior client account manager capacity for a selection of clients.
As well as his client work, Simon is playing a key role in the development of new online tools to help make trustee boards’ lives easier
Sue leads Aon's secretariat, pensions management and secondment services. Sue joined Aon in 1996 and since that time has worked with a range of clients facing many and varied challenges, providing support to trustees in identifying and setting out a robust plan to meet their strategic objectives, managing complex pensions projects and working with in-house pensions teams.
Carolyn Stanton is a scheme secretary and administration and governance consultant at First Actuarial. She has worked in pensions for 25 years, primarily in pensions administration and management, and more latterly as a scheme secretary and consultant. As well as scheme secretarial duties, her governance role includes reviewing scheme risk registers and internal controls, reviewing and updating policies, and arranging trustee training and compliance with TPR’s Trustee Knowledge and Understanding (TKU) requirements.
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David RowanFormer editor of Wired Magazine & Tech Investor
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Adrian BouldingThe Royal Society of Arts and the Institute and Faculty of ActuariesFellow
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Anthony RaymondThe Pensions RegulatorGeneral Counsel and Director of Governance Risk and Assurance
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Chris CorfieldCrown Agents BankVP, Banks & Non-Bank Financial Institutions – Pensions Lead
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Clive PughBurgess SalmonPensions Partner and Head of Pensions Regulatory Investigations
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Daniel HeatonBarnett WaddinghamAssociate and Senior Client Account Manager
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David ReidPensions Dashboard ProgrammeHead Of Policy
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Darren PhilpShula PR and PolicyFounder
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Dr Harinder MannThe Royal Society of ArtsCo-chair of the Royal Society of Arts’ CDC Pensions Forum
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Geraldine Brassett, FPMIWillis Towers WatsonSenior Consultant
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Gareth TancredPensions Management InstituteCEO
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Jeremy De PessemierWorld Gold CouncilAsset Allocation Strategist
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Joanna Sharples, FIAAonPartner
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John ChilmanRailpen LimitedChief Executive
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Karen HeavenRedingtonManaging Director
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Karina KlimaszewskiAonPartner
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Mattea PaucRe-Educating EarthlingsFounder
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Niklas JeschkeT.Rowe PriceAssociate Strategist
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Nikhil PatelMercerSenior Risk Transfer Consultant
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Paul TinslayDalriada TrusteesProfessional Trustee
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Sara Cook, FPMIPensions Management InstitutePresident
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Susie DaykinTravers SmithPartner
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Simon Maxwell, FPMIBarnett WaddinghamAssociate & Senior Pension Management Consultant
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Sue AustenAonPension Trustee Advisor
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Scott FosterCACEISHead of Digital & Governance Solutions UK
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Tim Middleton, FPMIPensions Management InstituteDirector of Policy & External Affairs
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Carolyn StantonFirst Actuarial LLPConsultant & Scheme Secretary
Thank you to our sponsors and partners for their continued support
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EquisoftGold Sponsor
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MercerSilver sponsor
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World Gold CouncilSilver sponsor
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Go Pensions LimitedBronze Sponsor
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T. Rowe PriceAcademy Partner
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Barnett WaddinghamBreakout Sponsor
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Crown Agents BankExhibitor
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DalriadaExhibitor
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PendragonExhibitor
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Alexander LloydDrinks Sponsor
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AvivaBadge Sponsor
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AonSponsor
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Pensions AgeMedia Partner
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Portfolio InstitutionalMedia Partner
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MallowstreetMedia Partner
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Savvy InvestorMedia Partner
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Professional PensionsMedia Partner
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EquisoftGold Sponsor
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MercerSilver sponsor
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World Gold CouncilSilver sponsor
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Go Pensions LimitedBronze Sponsor
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T. Rowe PriceAcademy Partner
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Barnett WaddinghamBreakout Sponsor
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Crown Agents BankExhibitor
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DalriadaExhibitor
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PendragonExhibitor
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Alexander LloydDrinks Sponsor
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AvivaBadge Sponsor
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AonSponsor
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Pensions AgeMedia Partner
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Portfolio InstitutionalMedia Partner
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MallowstreetMedia Partner
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Savvy InvestorMedia Partner
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Professional PensionsMedia Partner