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Past Events

Event
DC Conference
Details
Date:
16/05/2013
Time:
8.30am - 1.00pm
Venue:
Convention Centre, Dublin
Calendar:
Offer:
Trustees Go For Free!
You must book online to avail of this offer.
Price:
Funds: Free of Charge
Practitioners: €375
Non Members: €550
Sponsors
Gold Sponsors
 
AllianceBernstein
Zurich

"The Road Map for DC Trustees and Employers – Supporting your Future Challenges"

As defined contribution pensions become the norm there are many challenges for trustees and employers. This conference will consider these and look at how policy developments in Ireland and abroad will impact on running DC arrangements. It will also look at the practical experience of trustees and members and how trustees and employers can learn from each other. We will also present the latest IAPF research and surveys.

This Conference has been accredited 4 CPD hour by the LIA ( LIA Ref.-O-1067IOB No:2013-0975 ) and 4.75 CPD hours by the IIPM. If you have a query relating to CPD hours please contact the relevant awarding body.

Time Subject
8.30 Welcome, Conference Chair 
Peter Rowley, IAPF DC Committee
  The Future of DC Regulation
Brendan Kennedy, The Pensions Board
Moving to DC and Retaining the Focus on Income Replacement
Jan Snippe, Dimensional
DC Default Strategies (not Funds): The Benefit of a Flexible Target Date Fund Approach
David Hutchins, AllianceBernstein
PQS Awards
Jerry Moriarty, IAPF
10.20 BREAK
  Is the Pensions Message Getting Through?
Nigel Ferrier, Ferrier Pearce
Re-engineering Retirement
Aisling Kennedy, Swiss RE Services
Review of the Irish Pensions System
Stéphanie Payet, OECD
The Changing Global Pensions Landscape
Steve Webb, UK Pensions Minister
Panel Discussion
Jerry Moriarty, IAPF
Steve Webb, UK Minister for Pensions
Nick Sherry, Former Australian Pensions Minister
Stéphanie Payet, OECD
Close, Conference Chair
Peter Rowley, IAPF DC Committee
13.15 Lunch

Please note conference topics and timings are subject to change.


Peter Rowley
Conference Chair
IAPF DC Committee

Peter is an independent Reward and Pensions practitioner who has accumulated almost twenty-years experience with blue chip companies in a diverse range of sectors such as Asset Management, Medical Devices, Technology and Consulting.

His experience with global companies across Europe, Asia and US encompasses areas such as retirement scheme management and governance, scheme trusteeship, executive compensation, compensation scheme design and governance, employment taxation, benefits management, international mobility and HR Management. He has also served on committees and industry forums such as the IAPF DC Committee, Compensation and HR Forums for Asset Management companies and the Pharmaceutical / Medical devices sector.

He is a member of ACCA, holds an MBS in HR Management and is a Fellow of the CIPD.

Away from this he is a keen sailor and follows rugby.

Brendan Kennedy
Pensions Regulator
Pensions Authority

Brendan Kennedy is Chief Executive of the Pensions Authority, which is the Irish statutory body responsible for regulating pensions and for providing pension policy advice to the Minister for Social Protection.  He has held this position since 2006. 

Brendan has spent almost his entire career in pensions.  Before joining the Authority in 2004, he held a variety of life insurance and consulting positions.

He is the current chair of the Occupational Pensions Committee of the European Insurance and Occupational Pensions Authority (EIOPA).  Brendan is a Fellow of the Society of Actuaries in Ireland, of the Institute of Actuaries and of the Irish Institute of Pensions Management.

Jan Snippe
Dimensional

Dr. Jan Snippe heads up the Dimensional SmartNest business in Europe. He came to the firm from Royal Philips Electronics, where he was head of Corporate Pensions. In that role, he was responsible for developing a company-wide pension strategy and ensuring that pension risk exposures were consistent with the company's overall risk policies.

Prior to joining Philips, Jan held a number of senior positions at Banque Paribas in the Netherlands, including director of money & capital markets, director of private banking and managing director. Prior to joining Banque Paribas, Jan was associate professor in economics at the University of Groningen in the Netherlands.

Presentation Synopsis
Presentation title – Moving from DB to DC and yet retain the focus on income

Typically, moving from DB to DC entails a shift from targeting income to targeting asset growth. Yet, good member outcomes should still be measured in terms of the adequacy of the member’s income in retirement. Jan will therefore plea to shift the focus back from assets to income, to redesign default strategies to target income and manage the risk that the target will not be achieved (which is a very different concept of risk than the volatility of returns) and reframe member communication accordingly to provide members with more meaningful communication and choices. This is not ‘academic thinking’, but available in real life DC solutions today.

David Hutchins
Head of Defined Contribution
AllianceBernstein

David Hutchins is Head of Defined Contribution at AllianceBernstein for Europe. He is responsible for DC research and investment design for pension schemes in Europe, researching and delivering effective default asset-allocation strategies and retirement income guarantees. David joined AllianceBernstein in 2008 after spending two years at UBS Investment Bank and, prior to that, 13 years at Mercer. At UBS, he was responsible for devising and delivering innovative capital markets risk-management solutions for pension schemes. At Mercer, he was a European principal and scheme actuary. He holds a BS in mathematics and a postgraduate certificate in education from the University of Bristol. David is a Fellow of the Institute of Actuaries.

Presentation Synopsis
DC Default Strategies (not Funds): the Benefit of a Flexible Target Date Fund Approach

Auto-enrolment, compulsion, ARF / AMARF rules: the DC pension landscape in Ireland is changing.  Schemes require, and members expect, well-designed default investment strategies that are robustly managed to remain relevant through time.  An evolution over mechanistic lifestyle approaches, David Hutchins will discuss why AllianceBernstein believe Target Date Funds – and flexible Target Date Funds in particular – offer an optimal DC default investment strategy for employers, trustees and scheme members.

Jerry Moriarty
CEO
IAPF

Jerry Moriarty is CEO of the Irish Association of Pension Funds having joined as Director of Policy in 2007. As the voice of Irish pensions, the IAPF represents the interests of scheme members, trustees and sponsoring employers. Its members provide retirement security to over 260,000 employees, pay pensions to nearly 90,000 people and are responsible for some €72bn in retirement savings.

The IAPF liaises with Government and the regulator to ensure policy supports and encourages pension provision. It also provides guidance and education to trustees of pension schemes.

Jerry was Head of Compliance with the regulator, the Pensions Board, for 6 years. Between February 1994 and October 2001 Jerry worked as a senior manager in various Pensions Technical roles with Sun Life Financial of Canada in the UK. He commenced his career with Irish Life in Dublin in 1989.

Jerry is a frequent contributor to the Irish media on pensions issues. Jerry also joined the board of PensionsEurope in November 2012.

Nigel Ferrier
Executive Chairman
Ferrier Pearce

Nigel studied education graphics at Harrow and Goldsmiths College, University of London. Since the formation of Ferrier Pearce in 1991, Nigel has been at the core of communications design, branding and marketing strategy working on a wide range of projects for various blue chip companies and has innovated multi-faceted pensions campaigns for clients such as HSBC, BP, Amey, Centrica, P&O, Babcock, EMI, Arup, Taylor Wimpey, Kellogg’s, Experian and Barclays to name a few. Nigel is a regular speaker on the conference circuit talking about improving employee engagement around the subject of rewards and benefits.

Nigel is particularly effective at achieving stakeholder engagement and enthusing those who work with him to share his passion and vision. This is reflected in award wins including the PIPA Communications Consultant of the Year, two European Pension Awards for Communications, two DBA Effectiveness Awards and two Digital Impact Awards.

Aisling Kennedy
Senior Medical Insurance Actuary
Swiss Re

Aisling Kennedy has been a Senior Medical Insurance Actuary with Swiss Re since May 2012. She previously worked for Mercer in Ireland as Principal and Client Director, advising on employee benefit arrangements, and as knowledge management leader for Mercer Ireland's Retirement, Risk and Finance practice. Her other former roles include Director of Professional Affairs with the Society of Actuaries in Ireland and Director – Business Development of Vhi Healthcare. Aisling is a Fellow of the Society of Actuaries in Ireland.

Presentation Synopsis
Presentation title – Re-engineering retirement

Aisling will examine the implications of major trends - including longer lives, societal change and the shift to DC pensions - for the future of retirement.

Stéphanie Payet
Private Pensions Analyst
OECD

Stéphanie Payet is a private pensions analyst at the OECD Financial Affairs Division. She is currently doing analytical work, including statistical and econometric modeling, on issues related to the coverage of private pensions, retirement savings adequacy, and plan design.

She is also responsible for the OECD Global Pension Statistics (GPS). The GPS is a valuable source for measuring and monitoring the private pension industry, which permits inter-country comparisons of current statistics and indicators on key aspects of retirement systems across OECD and non-OECD countries.

Before joining the OECD, she was a statistical project manager for a consultancy firm in health economics. Stéphanie Payet has a master of Science in Statistics from the French National School for Statistics and Information Analysis.

Steve Webb
MP for Thornbury and Yate
Minister of State for Pensions

In 1997, Steve Webb became the Liberal Democrat MP for Northavon.  Boundary changes in May 2010 created a new constituency of Thornbury and Yate.  At the last election, Steve became the first MP for this new area, which includes most of his former Northavon constituency, and is where he lives with his wife and two children.

Steve was appointed Minister of State for Pensions in May 2010, in the new Coalition Government.  Prior to that, Steve was the Liberal Democrat spokesperson on Work and Pensions (1999 to 2005), Health (2005), Environment, Energy, Food and Rural Affairs (2007), Energy and Climate Change (2008), before returning to Work and Pensions in 2009.  Steve also chaired the Liberal Democrat Manifesto Group in 2006.

Before being elected, Steve studied Philosophy, Politics & Economics at Hertford College, Oxford.  Between 1986 and 1995, Steve worked as an economist at the Institute for Fiscal Studies before being appointed Professor of Social Policy at Bath University.

Aside from his parliamentary duties, Steve is actively involved in the Parliamentary Christian Fellowship and cites his hobbies as information technology, music, and being an armchair supporter of West Bromwich Albion.

Nick Sherry
Former Australian Pensions Minister

Nick is currently Citi’s Australian senior adviser on superannuation (pensions).

He also holds an honorary position on the Harvard Law School project on financial regulation and social inclusion as well as being a member of the World Economic Forum steering group on social security pension reform.

In Australia, he is a member of the Government Superannuation Consultation Panel.

Nick was elected as a Senator for Tasmania in 1990 and Chaired the Senate Committee on Superannuation.

In 2007 Nick was appointed as Australia’s first Minister for Superannuation and Corporate Law. He initiated the Cooper Review, Future of Financial Advice amongst many other initiatives.

He was a member of the Cabinet sub-committee oversighting the Global Financial Crisis response.

In 2010 Nick was appointed Small Business Minister and Minister Assisting on Deregulation and Public Sector Superannuation and Tourism. He oversighted the implementation of the Seamless National Economy and merger of Government super funds.

He retired as a Minister on December 10, 2011 and from the Senate in June this year.