Setting Strategic Investment Objectives: tick box or driving continuous improvement
Setting Strategic Investment Objectives: tick box or driving continuous improvement
Since December 2019, the CMA Orders have required ALL DB Trustee boards to set Strategic Investment objectives for their Investment Advisers (IA), whether an Investment Consultant or Fiduciary Manager.
The Pensions Regulator is now responsible for compliance and monitoring. In August 2022 it published revised guidance and expects trustees to:
a) set objectives for their IAs that have regard to the statement of investment principles,
b) review the performance of each IA provider against their objectives at least every 12 months, and
c) review the objectives at least every 3 years and without delay after any significant change in investment policy*
This webinar will explore the legal perspective, and demonstrate how Trustees can meet their regulatory obligations, measure success of their Investment Adviser and ensure value for money for their members and sponsor.
*NB Recent regulator guidance infers that all Trustees who set strategic objectives in December 2019 must have formally reviewed them at least once by 10 December 2022.
-
Fees
free for members and non-members -
5
speakers -
1 hour
of CPD -
Online
BrightTALK
Event Details
THE BASICS
- The regulatory background and TPR guidance
- Building a Balanced Scorecard for your scheme
- Measuring success and judging value for money
- Pension Scheme Managers
- Trustees
- Administrators
- Policy advisers
- Consultants
- Lawyers
- Corporate IFAs
- Investment managers
- Actuaries
- Communication professionals
Speakers
Hear from the experts
Peter is the Managing Director of IC Select having joined the business in October 2014. Prior to this, and for the last 20 years, he held senior positions with a major fund management company, latterly as head of the institutional business.
Peter has over 35 years’ experience in investment management and broader financial services in the UK and overseas. He chairs the Royal London Independent Governance Committee and has an MBA from Edinburgh Business School, Heriot Watt University.
Simon is a Partner in Eversheds Sutherland’s pensions practice. He specialises in supporting trustee boards with their investment decisions and investment governance. Simon is a member of the SPP Investment Committee. He is ranked as a Leading Individual by Legal 500 and is recognised in Chambers for his “expert advice to trustees and providers on asset investment”.
Brendan joined The Pensions Regulator in March 2015 and is a Principal within the Regulator’s Investment Consulting Team. Within his current role, Brendan acts as an adviser within TPR and provides advice on DB investment and funding strategies and contributes to the regulation of DC pension schemes. Brendan also provides specialist investment input to TPR’s regulatory policy and publications, including DB and DC Codes of Practice and regulatory guidance and a range of blogs. Most recently this has included work in relation to the development of TPR’s climate guidance, an interim regime for DB Superfunds, the development of guidance in response to the CMA review and the review of pension scheme TCFD reports.
Prior to joining the regulator, Brendan worked with a number of leading consultancies providing advice to private and public sector clients on all aspects of pension scheme investment, risk management and governance. Brendan has regularly spoken at industry conferences and contributed to a range of industry publications.
Brendan is a Fellow of the Institute of Actuaries and has contributed to a range of Institute working parties.
Gerald is an Accredited Professional Trustee and Client Director of Punter Southall Governance Services Ltd, a leading UK provider of pension governance services. He has over 35 years’ experience in the banking industry and 18 years as a pension trustee.
He acts as trustee, sole trustee and trustee chair together with investment subcommittee positions at a variety of DB and DC schemes which include three DC Master Trusts and one IGC membership. His areas of particular focus are investment and financial markets alongside his broader-based trustee activities.
Martin Collins is a professional pension trustee with 2020 Trustees. His appointments include a number of pension schemes and a consolidator. Prior to becoming a trustee Martin has worked successfully as a Scheme Actuary, in investment banking, as a Bank treasury director, as employer to a large pension scheme and has been responsible for the investments of a large scheme growing it from £26bn to £46bn.
