The new Defined Benefit (DB) pensions funding code is the biggest shake up in trust based funding since the creation of The Pensions Regulator over 15 years ago.
The code remains under consultation, but we know it will increase the pace at which schemes de-risk their investment strategies, increase the pace of funding and place lower reliance on the employer covenant over time. Unless, of course, there is a viable reason for not following this path. This creates a challenge around where university resources are best placed.
This UCEA event, designed in conjunction with Isio will explore the implications of the new code for the HE sector and the long-term future of trust based pension funding for universities. It will also give participants the opportunity to hear presentations from the Pensions Regulator as well as experts from KPMG and Isio on the potential impact of the code on HEIs and the DB pension schemes they sponsor and participate in, principally a self-administered trust, but also SAUL and USS.
This online event will commence at 9.30 am and finish at 11.00 am on Friday 26 February.
Speakers
- Chair: Emelda Nicholroy, Head of Pensions Policy, UCEA
- Andrew Dodd, Business Lead, Actuarial, The Pensions Regulator (TPR)
- Marc Finer, Director, Debt Advisory, KPMG
- Sophie Ash, Director and Actuary, Isio
Content
- The implications of the new code for the sector and the long-term future of trust based pension funding for universities.
- Integrated pensions risk management and the role it plays in the new code.
- The relevance of current employer covenant and covenant visibility, including the period it is assessed over.
- How to balance DB pension scheme obligations when you participate in more than one scheme.
- How to balance other stakeholders, including the banks and other lenders – and investment in your campus?
Who may wish to attend?
This event is directly relevant for those involved with trust-based schemes that are regulated by TPR, from an operational or governance perspective.
The new funding rules will be applying for future actuarial valuations for self-administered pensions trusts and the USS so this event is designed primarily for pre-92 universities. There may be repercussions for Local Government Pension Schemes – and post-92 universities may find this session of interest.
We suggest that you share these event details with Finance Directors, Human Resource Directors, Pension Managers, Trustees, and Council members.
Attendance fee and how to book
The participation fee is £85 per place (VAT free). When booking a place, you now have the option of paying online by credit card (note our online booking system indicates the ticket as £85). You can of course be invoiced for the £85 attendance fee (note our online booking system indicates the invoice ticket as £0, you will be invoiced for £85).If you would like to attend, please complete the TicketTailor booking form.
If you have any queries regarding your interest in attending, please contact events@ucea.ac.uk
