WEDNESDAY 19 SEPTEMBER 2012 THE INTERCONTINENTAL HOTEL, LONDON, UK. A down-to-earth approach to pensions strategy.

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1 LCP Annual Pensions Conference WEDNESDAY 19 SEPTEMBER 2012 THE INTERCONTINENTAL HOTEL, LONDON, UK A down-to-earth approach to pensions strategy.

2 LCP Annual Pensions Conference 2012 Find out more at A down-to-earth approach to pensions strategy. Overview As we go through 2012, pensions remain high on the agenda for many decision makers - from politicians to public sector employees; from trustees to trade unions; and from company directors to shop assistants. We have already seen sweeping changes proposed to state pension arrangements including the introduction of a flat-rate state pension and the abolition of contracting-out. Later this year, some companies will begin to enrol their employees automatically in a pension scheme. Looking slightly further ahead, will we see Solvency II move from insurance companies to defined benefit pension arrangements? In the meantime, employers and trustees have to manage their pension schemes in the most extraordinary economic circumstances that we have seen. The more complex the situation, the more important it is to have simple, workable solutions communicated clearly: How will it all unfold? What does it mean for your investment strategy? How can trustees secure members benefits? LCP s 2012 Annual Pensions Conference will help you formulate practical, common sense solutions to these and other current issues. An event from the Financial Times Buy-in/buyout Consultant Lane Clark and Peacock

3 LCP Annual Pensions Conference 2012 Find out more at Registration and coffee 08:30-09:00 Session 1 09:00-11:00 Chairman s welcome Opening address Meeting the challenge: Funding strategies We look at some of the key issues affecting your pensions strategy including gilt yields, recovery plans and liability management. Gilts: A wolf in sheep s clothing? With gilt prices at record highs, and low yields in the market, we take a step back and look at alternative de-risking options and investment opportunities available to pension schemes. European Pensions Directive: Take 2 An overview of the direction of travel of the European Commission s review of European pensions law, the possible outcomes, and the likely consequences for UK occupational pension schemes. Bob Scott Richard Urwin Jeremy Dell Clay Lambiotte Jonathan Camfield Coffee break 11:00-11:20 Session 2 11:20-13:00 Practical legal issues A legal perspective on the current pensions landscape, including a review of recent topical cases and a look to the future as auto-enrolment becomes a reality and further European legislation seems probable. Case studies Uniq buy-out Buy-out from the insurers perspective Devising an auto-enrolment strategy Liability management exercises Where do we go from here? Mark Atkinson Michelle Butler Emma Watkins Andrew Cheseldine Alex Waite Bob Scott Questions Lunch 13:00

4 LCP Annual Pensions Conference 2012 Find out more at Speaker panel GUEST SPEAKERS Richard Urwin Managing Director, BlackRock Richard is the head of Investments within BlackRock s Fiduciary Mandate Investment team (FMIT). Richard is responsible for asset allocation and manager selection within the fiduciary client base. Prior to assuming his current responsibilities in 2009, Richard was head of the Asset Allocation and Economics Research team (AA&E) and lead portfolio manager for the Global Tactical Asset Allocation Strategies within the BlackRock Multi-Asset Client Solutions (BMACS) group, which is responsible for developing, assembling and managing investment solutions involving multiple strategies and asset classes. Richard s service with the firm dates back to 2006, including his time with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in At MLIM, Richard was head of the AA&E team. Previously, he was the head of Strategic Research at Gartmore. He began his career as an economist at the Bank of England. Mark Atkinson, CMS Cameron McKenna Mark joined McKenna & Co as a trainee in 1992 and has specialised in pensions since qualification. He became a partner in CMS Cameron McKenna in 2001 and acts for trustees and companies in relation to occupational pension schemes. He also acts for claimants and defendants in relation to professional negligence claims involving pension scheme advisers, as well as for parties in applications for directions from the Courts. Mark is a member of the Association of Pension Lawyers and has qualified as an associate of the Pensions Management Institute. He was named in the first tier of leading specialists in the pensions field ( energetic client man ) and pensions litigation field ( keen as mustard and extremely clever ) in Chambers Guide to the Legal Profession and The Legal 500. Mark is immersed in pension law developments as immediate past chair of APL s Legislative & Parliamentary subcommittee (the body responding to Government consultation on behalf of pension lawyers) and recently voted onto the APL s Main Committee.

5 LCP SPEAKER PANEL Chairman Bob Scott Bob has been a partner of LCP since 1988 and became senior partner on 1 April He is the honorary secretary of the Association of Consulting Actuaries. Bob is the author of LCP s Accounting for Pensions report and he is a regular commentator on UK pensions issues in the media. Jeremy Dell Jeremy is a scheme actuary, his clients include pension scheme trustees and sponsors whom he advises on all aspects of pensions and employee benefits. Jeremy is a regular speaker on a variety of pensions related topics. Clay Lambiotte Clay provides investment advice to trustees and corporate sponsors, with a particular focus on setting and implementing investment strategy. He is also involved in LCP s manager research, where he leads the hedge fund research team. Jonathan Camfield Jonathan advises trustee and corporate clients and has considerable experience in helping clients manage change, including corporate restructuring, de-risking and changes to benefit provision. He has a particular interest in the long term future for UK pensions and leads LCP s responses to various policy developments. ADDITIONAL LCP CONTRIBUTORS Case studies highlighting practical experiences and real-world examples covering: buy-out from trustee, company and insurer perspectives; auto-enrolment; and liability management exercises. Michelle Butler Consultant Emma Watkins Principal Andrew Cheseldine Principal Alex Waite

6 LCP Annual Pensions Conference 2012 Find out more at Wednesday 19 September 2012 The InterContinental Hotel, London, UK 08:30-13:00 followed by lunch How to register Web Tel +44 (0) Fax +44 (0) Post Nelly Geudin, LCP, 30 Old Burlington Street, London W1S 3NN, UK Last year s event Over 250 delegates attended LCP s Annual Pensions Conference in The theme was A pensions strategy for a new generation. LCP Annual Pensions Conference 2011 delegate An interesting, informative and thought provoking conference on highly topical issues for the industry. LCP Annual Pensions Conference 2011 delegate Good balance between pragmatism and provocation, with the appropriate subject-matter, and the right people talking about it.

7 The InterContinental Hotel One Hamilton Place, Park Lane, London, W1J 7QY, UK Tel: +44 (0) Fax: +44 (0) Directions The hotel is located on Hyde Park Corner. Nearest underground station is Hyde Park Corner (Piccadilly line). The hotel is accessible from all central London stations. Nearest station is Victoria (1.5 miles). There is valet parking available at the hotel ( 50) and a NCP car park nearby on Carrington Street, Mayfair, London, W1J 7AF Tel: +44 (0) Map data 2012 Google LCP is a firm of financial, actuarial and business consultants, specialising in the areas of pensions, investment, insurance and business analytics. Lane Clark & Peacock LLP Lane Clark & Peacock LLP Lane Clark & Peacock Lane Clark & Peacock Lane Clark & Peacock London, UK Winchester, UK Belgium CVBA Ireland Limited Netherlands B.V. Tel: +44 (0) Tel: +44 (0) Brussels, Belgium Dublin, Ireland Utrecht, Netherlands enquiries@lcp.uk.com enquiries@lcp.uk.com Tel: +32 (0) Tel: +353 (0) Tel: +31 (0) info@lcpbe.com enquiries@lcpireland.com info@lcpnl.com LCP Libera AG LCP Libera AG LCP Asalis AG Lane Clark & Peacock UAE Zürich, Switzerland Basel, Switzerland Zürich, Switzerland Abu Dhabi, UAE Tel: +41 (0) Tel: +41 (0) Tel: +41 (0) Tel: +971 (0) info@libera.ch info@libera.ch info@asalis.ch info@lcpgcc.com All rights to this document are reserved to Lane Clark & Peacock LLP ( LCP ). This document may be reproduced in whole or in part, provided prominent acknowledgement of the source is given. LCP is part of the Alexander Forbes Group, a leading independent provider of financial and risk services. Lane Clark & Peacock LLP is a limited liability partnership registered in England and Wales with registered number OC LCP is a registered trademark in the UK (Regd. TM No ) and in the EU (Regd. TM No ). All partners are members of Lane Clark & Peacock LLP. A list of members names is available for inspection at 30 Old Burlington Street W1S 3NN, the firm s principal place of business and registered office. The firm is regulated by the Institute and Faculty of Actuaries in respect of a range of investment business activities. The firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are licensed by the Institute and Faculty of Actuaries. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide. Lane Clark & Peacock UAE operates under legal name Lane Clark & Peacock Belgium Abu Dhabi, Foreign Branch of Belgium. Lane Clark & Peacock LLP. UK c0311/0311

8 Registration form Please complete this registration form and return to us by 12 September LCP ANNUAL PENSIONS CONFERENCE 2012 Wednesday 19 September 2012 The InterContinental Hotel, London, UK I wish to register for I can confirm that complimentary place(s) at the above event people would like to attend lunch Please enter your details below: 1 First name: Title: Last name: Job title: 2 First name: Title: Last name: Job title: Company name: Scheme name: Address: Postcode: Tel No: Home/personal Work Please provide your address clearly in BLOCK CAPITALS. Confirmation/further information will be sent by unless instructed otherwise. Home/personal Work Special access, dietary or other requirements: While we endeavour to accommodate everyone, please be aware places are limited. I am unable to attend, please send me a conference pack (by ) Please post this form to Nelly Geudin, LCP, 30 Old Burlington Street, London, W1S 3NN, UK or fax to +44 (0) Alternatively you can register online at us at lcpevents@lcp.uk.com or call us on +44 (0)

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