Programme

Delegates will be able to explore buyout solutions to manage risk in their schemes. Topics and discussions for the day will include:

08:45 Registration & Coffee

09:15

Chairs Introduction
Ian Eggleden, Principal, Mercer

Assessing the marketplace – an overview on the buyout and liability removal market

09:30

Selecting the right option
This session will provide an overview of the key developments in the rapidly growing defined benefit buyout market, exploring reasons behind the radical growth and the emergence of pensioner buy-ins, syndicated deals and sophisticated tailored solutions. There will also be a focus on innovation, alternative solutions and the choices pension schemes have when designing a long-term defined benefit risk management route-map.

Prudential

10:00

Unravelling the Risks
Pricing risks is not the same as valuing liabilities. Comparing buy-out prices with accounting measures highlights the true extent of risk transfer. Jay Shah focuses on the key aspects.
Pension Corporation

10:20 Group Q&A
10:35 Coffee Break
11:05

Communicating with Members

  • How to communicate to active and deferred members and pensioners and if you should change your communications strategy for each group
  • Wider public relations implications of buyouts

Capita

11:25

Costs of a buyout

  • How buyout firms price scheme liabilities
  • How increased competition and the introduction of increasingly innovative buyout solutions will help reduce costs

AON

11:45

Preparing for buyout or liability reduction
How identifying data risk and data cleansing can help de-risk the buy out deal and ensure a more accurate buy out cost
ITM

12:05

CASE STUDY – How a buyout can work in practice
A buyout firm takes companies, trustees and scheme members through a step by step guide to how a buyout would work.
Prudential

12:35 Group Q&A
12:50 Lunch Break
14:00

Future Trends
What does the future hold for Buyouts and where will the market go in the current economic climate?
Punter Southall

14:20

Alternatives to buyout

  • What alternatives to traditional insurance-based buyouts are available to schemes, trustees and sponsoring employers?
  • Can these alternative insurance and non-insurance based solutions lower the cost of reducing scheme risk?
  • What is the regulatory impact of such alternatives?

Watson Wyatt

14:40

Legal Implications of buyouts

  • Can sponsoring employees really transfer all their liabilities to a third party
  • How trustees, employers and consultants can ensure they have no legacy risks.

Sacker & Partners

15:00

Group Q&A

15:15

Coffee Break

15:40

PANEL DISCUSSION

16:25

Chairs closing comments

    Sponsors