Planning for Success - Implementing the New Funding Regulations

On 10th June The Pensions Regulator published its revised code of practice, Funding Defined Benefits, along with a number of connected documents. The code places a new emphasis on all parties working in a "collaborative and transparent way" and reflects the Pension Regulator’s new statutory objective to minimise any adverse impact on the sustainable growth of an employer when exercising its scheme funding functions.

The morning will kick off by looking at the legal implications of the new regulations, before delving more deeply into how to conduct a robust employer covenant exercise, which is critical to the process  of achieving full funding.  In the second half of the morning we will move to good governance.  Inside Pensions will talk us through the risk budgeting process and the makeup of a “well run” trustee board. In addition, the morning examines the process of appointing Member Nominated Trustees and the key to successfully liaising with your advisors. 

Speakers

Click on the images below to learn more about our speakers

Program

  1. Registration and Breakfast

  2. Welcome Address

  3. Are you up to date? - Sackers

    All you need to know about The Pension Regulator’s new funding regulations and how they will impact your scheme. We will look at the nine key funding principles set out in the revised code of practice, which are applicable to all schemes, and the Regulator’s new Defined Benefit funding regulatory and enforcement policy, which sets out how it will balance its statutory objectives when regulating DB schemes.

  4. Your employer covenant – Made to measure - BDO

    Under the new legislation, the employer covenant is one of the cornerstones of scheme funding. How do you ensure that your covenant is both relevant and sustainable? In this session we will examine how to balance the level of investment risk in light of the strength of your employer covenant.

  5. The Risk Register - Inside Pensions

    This session will focus on the key risks faced by Trustee Boards and how these relate and interrelate with the Sponsor. Identifying and owning risk is key, with typical risk areas being funding, investment and operational. The Risk Register should monitor and record risks and the actions identified should feed into the Trustees’ business plan. Risk requires ongoing management within a clear and effective framework. Does your Risk Register deliver this?

  6. Coffee Break

  7. Independent Trustees

    The Changing Role of the Professional Independent Trustee. The values and benefits of an Independent Trustee together with some case studies surrounding funding negotiations.

  8. Supporting your Board and their advisors - Inside Pensions

    This session looks at how the Scheme Secretary is placed in order to help the Trustee Board get the most from themselves and their advisors. A range of areas will be covered, including the TKU and its importance in an ever increasing regulatory environment, the role of an MNT and how to set the right selection criteria, and how the board effectiveness reviews should be conducted.

  9. Closing Remarks

  10. Buffet Lunch and Networking

  11. End