Roundtable & Luncheon
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The Discussion: Effective strategies for the settlement of DB pension liabilities in the charity sector.
Hosted by Charity Times in association with Barnett Waddingham
Date
23 October 2024
Agenda
The funding position of Defined Benefit (DB) pension schemes in the Charity Sector has improved in recent years. The focus for these DB schemes is now moving towards securing their liabilities, typically through an insurance company buy-out, although there are alternative solutions coming to the market.
The key to successfully achieving this is to take a strategic approach, with a clear understanding of what is required to realise your objectives. There are a variety of potentially complex activities needed, so it is important to work through these carefully. The market for transactions is also busy, and providers prefer to transact with those that are well prepared.
Experts from Barnett Waddingham will explore how to develop an effective strategy for DB schemes operating in the Charity Sector. Those attending will have an opportunity to discuss the issues and gain an understanding of the key elements, including:
- What activities are required at different stages of the journey, and how these interact
- When, and how, to monitor the potential affordability of a transaction
- How to ensure that your data and documentation is in good order
- Who the providers are in the market, and how to prepare for a transaction
Chair
Lauren Weymouth, Editor, Charity Times
Lauren Weymouth is the editor of Charity Times and chair of the Charity Times Awards. During her time in the role, Lauren launched the Charity Times Leadership Network, a community membership service for charity leaders. More recently, she also oversaw the launch of LeadNet – a new online discussion board for members. Lauren was previously a features writer on finance, lifestyle, food and travel and the News Editor for B2B PensionsAge and European Pensions magazines. Her work has been featured on MoneySavingExpert.com, HR Magazine, Wanderlust, MSN.com and more.
Speakers
Steve Hitchiner, Partner, Barnett Waddingham
Steve is an actuary with wide ranging pensions advisory expertise. As well as being the appointed scheme actuary for a variety of defined benefit schemes, he has experience in areas such as wider strategy review exercises, risk transfer options, and pensions taxation. He has a particular focus on the charities and not-for-profit sector, with more than half of his scheme actuary clients in the sector, and he also advises several charities on their pension obligations. Steve is prominent in the industry and is the immediate past President of the Society of Pension Professionals.
John Lawton, Partner, Barnett Waddingham
John helps trustees and employers manage their DB pension schemes and is a specialist adviser on securing retirement benefits with an insurer. Typically advising schemes with assets between £10M-£500M, John identifies the challenges that schemes face and derives tailored solutions that help trustees and employers make measurable progress towards their chosen objectives. John has advised several schemes through their end-game strategy, including projects relating to data, GMPs, benefit rectification and concluding with bulk annuity transactions.
Venue
Barnett Waddingham
2 London Wall Place,
London
EC2Y 5AU
Timings and Agenda
10:00am - Arrival with Tea & Coffee
10:30am - Roundtable Discussion: Part 1
11:15am - Break
11:30am - Roundtable Discussion: Part 2
12:15pm - Lunch and Networking
1:30pm - Close
Who is this event for?
This event is for charities, and for those who are responsible for managing a defined benefit pension scheme for the charity. This can include Finance Directors, Pension Trustees, and Pension Managers.
IN ASSOCIATION WITH
