Ever changing times: investing in the LGPS. investmentsummit.lgcplus.com. Book before 23 June and save 100*

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1 6-7 September 2018 Celtic Manor Resort, Newport, South Wales LGC Investment Summit is launched What does the future hold? The LGPS is created LGPS pools are set up and the Summit is 30 Book before 23 June and save 100* Ever changing times: investing in the LGPS More high-profile speakers More focus on investment, tailoring the summit to your new educational and professional needs More content than ever Learn how to make pooling a success, at both a fund and pool level Book your place: Amelia Martin, Amelia.Martin@EMAP.com *Price saving is on the Standard Rate

2 WELCOME TO THE LGC INVESTMENT SUMMIT is the LGC Investment Summit s 30th anniversary and, although over that period we have seen many changes one constant is the Summit itself. It is still the leading annual investment event for local government pension funds and it is this because it sets the benchmark for effective learning and knowledge gathering within the LGPS. The Summit has always been primarily about investment, and this is where we will continue to focus most of our attention but of course we will also provide the essential update on the progress that pension funds are making in transitioning to combined investment pools. The investment landscape continues to evolve with individual funds re-setting asset allocations in light of the 2016 valuation and now beginning to look forward to the 2019 valuation, taking stock of the impact of fundamental political and economic change; and continuing to maintain a long term perspective despite the immediate impact of Austerity. The new Investment Pools are now forming and focussing on new ways of working to achieve the best possible outcomes, on the new opportunities to collaborate, and on how to invest smarter. This will deliver a more cost efficient implementation, but more importantly it has to open up better investment solutions to meet individual funds needs. This year s Summit will address all these issues, drawing upon expert speakers and practitioners and, as ever, addressing issues of immediate concern and interest, but also offering a longer term perspective, so vital to the LGPS. Local government members and officers have an excellent track record in their stewardship of the LGPS but the need to improve the level of skills and knowledge of those responsible for investment and to cope with a rapidly changing investment environment and governance framework is as vital now as it was in Join us at Celtic Manor to learn more about future of the LGPS and how you can best tackle the investment changes we all face.

3 What you can expect at the LGC Investment Summit 2018: A focused programme providing clarity and insight on all the areas which impact on the investment of the funds in the new landscape. A dynamic set up providing greater opportunities for informal engagement between delegates and sponsors with easy-to access networking pods on the exhibition floor. Educational content relevant to your needs including a focused session for Councillors and a tailored discussion session for officers and pool representatives. Valuable contributions from the key players in each of the pools throughout the programme. Mini investment briefing sessions providing the latest knowledge on key topics. Whether you are seeking to understand the current trends in the LGPS, the opportunity to network with the key players or direct insight on investment strategy, then the LGC Investment Summit is a critical event on your radar in Gain clarity on the latest strategies on key investment areas through concise, essential briefing sessions. Receive intuition on the challenging areas of governance and stewardship and how your organisation will be affected by recent developments. Share experiences with your colleagues in a collaborative environment and discover how they are handling the challenging circumstances. Improve your contacts with our fund manager sponsors and learn how they can meet your educational needs. Benefit from critical insight from prominent investment experts who ll ensure you have the latest knowledge for your organisation. The LGC Investment Summit in numbers: years of the summit attendees from across the LGPS expert speakers content sessions across 2 days hours of networking

4 PROGRAMME THURSDAY 6 SEPTEMBER :10 09:10 Registration and visit the exhibition floor 09:10 09:20 Welcome: Nick Golding, Editor, LGC The chair sets the scene Denise Le Gal, Chair, Brunel Pension Partnership SESSION :00 UK and global perspective on the economy Confirming whether the global recovery will continue Offering the latest thinking on markets and the need for future optimism Discussing views on equities and their future outperformance Emerging markets vs. developed markets Discovering the cautious approach on Credit Interest rates and Government Bonds John Roe, Head of Multi-Asset, Legal & General Investment Management SESSION 2 10:00-10:40 Keynote Session: Infrastructure and housing Speaker to be confirmed 10:40-11:20 Visit the exhibition floor for refreshments 11:20-11:40 Investment briefing sessions on the exhibition floor SESSION 3 11:45 12:30 What actually matters when managing liabilities and risks to your fund Which costs actually impact: The cost benefit of good quality data, including case studies Managing employer risk and assessing employer covenant The need for appropriate employer investment strategies Risk transfer and consolidation A sustainable scheme design Barry McKay, Head of LGPS Actuarial, Hymans Robertson 12:30 13:35 Lunch on the exhibition floor

5 SESSION 4 FOCUS SESSIONS 13:35 14:10 Attend Focus session 1 or 2 FOCUS 1 Pension plans have paid for the recovery. Where do they find returns in such a headwind? David Buckle, Head of Investment Solutions Design, Fidelity International Chair: Mark Hyde-Harrison, Chief Executive, London CIV 14:15 14:50 Attend Focus session 3 or 4 FOCUS 3 What impact will AI and technology have? Richard Carlyle, Equity Investment Director, Capital Group Chair: Mark Hyde-Harrison, Chief Executive, London CIV 14:55 15:30 Attend the session which relates to your role Councillors Discussion The Scheme Advisory Board programme Issues for Councillors Roger Phillips, Chair, LGPS Scheme Advisory Board Chaired by Ian Greenwood, Chair, Northern Pool FOCUS 2 Foundations of ESG investing Guido Giese, Executive Director, Equity Research team, MSCI FOCUS 4 Integrating ESG delivers alpha Abbie Llewellyn-Waters, Fund Manager, Environment & Sustainability, Jupiter Asset Management Interactive Officer Discussion Current issues for officers with reference to progressional and vfm responsibilities and managing initiatives resulting from pooling. Mike Ellsmore, Chair, CIPFA Pensions Panel Duncan Whitfield, President, ALATS 15:30 16:05 Visit the exhibition floor for refreshments It is the premier LGPS conference providing a comprehensive and incisive programme of top speakers, with excellent networking opportunities in a dynamic, new format

6 SESSION 5 16:05 17:05 Infrastructure, urban regeneration and real estate Illustrating why experience in investment is essential to effective delivery of urban regeneration Showing how to create opportunities for long term investors Investigating which measures other than financial considerations are important Facilitating participation by smaller-scale development companies Demonstrating how to address management challenges associated with urban regeneration projects Investing in the financing of infrastructure Duncan Symonds, Director, Asset Management, IFM Tony Brown, Head, M&G Real Estate Claire Smith, Investment Director, Schroders SESSION 6 17:05-17:40 Governance and Stewardship How the TPR and FRC work Latest insight on Governance and what the implications are Current Stewardship issues and their potential consequences Impacts for the LGPS funds and pools Jennifer Sisson, Investor Engagement, Financial Reporting Council Amanda Latham, Policy Lead, The Pensions Regulator 19:00 Networking drinks reception and canapes Don t miss out on this networking opportunity 19:30 2 course Networking Dinner in the Caernarfon Suite

7 PROGRAMME FRIDAY 7 SEPTEMBER :15 08:45 Visit the exhibition floor for refreshments 08:45 08:55 Welcome from the chair Joanne Segars, Chair, LGPS Central SESSION 7 08: Building successful partnerships: recommendations and pitfalls Looking at how successful partnerships are formed within the pool Exploring how to engage with other pools, other asset owners, external asset managers and amongst staff Rachel Elwell, Chief Executive, Border to Coast Pensions Partnership SESSION 7 09: Protecting your equity portfolio without timing the market How can an equity portfolio incorporate downside protection without forsaking the upside? The importance of diversification and rebalancing Understanding and adapting to market volatility Exploring how long investment horizons are crucial to best employ defensive strategies David Schofield, President, Intech International Division 10:15-10:55 Visit the exhibition floor for refreshments 10:55-11:15 Investment briefing sessions in the pods SESSION 9 11:20-12:00 Review of the Pools A review of the Pools submissions Topical issues from the Advisory Board Current Government thinking Reflections on 3 years of Pool operation Bob Holloway, Pensions Secretary, Local Government Association Michael O Higgins, Chair, LPP SESSION 10 12:00 12:40 Devolution and Regionalism Where do pension funds fit into local infrastructure? Dawn Turner, Chief Executive, Brunel Pension Partnership 12:40-12:45 Closing remarks Joanne Segars 12:45 Lunch and depart EMAP This programme may change due to unforeseen circumstances. EMAP reserves the right to alter the venue and or speakers.

8 SPONSORS We are very grateful for the support of our sponsors. The organisations who have confirmed their attendance include: Capital Group 40 Grosvenor Place London SW1X 7GG Contact: Stephen Gosztony Phone: Fidelity International 25 Cannon Street London EC4M 5TA Contact: Tom Jeffery Phone: Global Infrastructure Partnerships The Peak, 5 Wilton Road, London, SW1V 1AN Contact: Annabel Wiscarson Phone: annabel.wiscarson@global-infra.com Goldman Sachs Asset Management River Court, 120 Fleet Street London EC4A 2BE Contact: Jason Freeman Phone: jason.a.freeman@gs.com Hermes Investment Management 150 Cheapside, London, EC2V 6ET Contact: Mark Miller Phone: Mark.Miller@hermes-investment.com IFM Investors 3rd Floor, Gresham Street London EC2V 7BB Contact: Irini Kalamakis Phone: irini.kalamakis@ifminvestors.com Invesco Asset Management Portman Square, London W1H 6LY Contact: Stephen Messenger Phone: Stephen.Messenger@Invesco.com Janus Henderson Investors 201 Bishopsgate London EC2M 3AE Contact: Mark Fulwood Phone: mark.fulwood@janushenderson.com J.P. Morgan Asset Management 60 Victoria Embankment London EC4Y 0JP Contact: Monique Stephens Phone: monique.a.stephens@jpmorgan.com

9 Jupiter Asset Management The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ Contact: Clive Paine Phone: Legal & General Investment Management One Coleman Street London EC2R 5AA Contact: James Sparshott Phone: M&G Real Estate City Place House, 55 Basinghall Street, London EC2V 5DU Contact: Lucy Williams Phone: MFS One Carter Lane London EC4V 5ER Contact: Madeline Forrester Phone: Newton Investment Management 160 Queen Victoria Street London EC4V 4LA Contact: Matt Pumo Phone: Russell Investments Rex House, 10 Regent Street London, SW1Y 4PE Contact: Carolyn Tsalos Phone: Schroders 31 Gresham Street London EC2V 7QA Contact: Claire Glennon Phone: or ASSOCIATE SPONSORS Hymans Robertson LLP Central Exchange, 20 Waterloo Street Glasgow G2 6DB Contact: David Walker Phone: MSCI Ninth Floor, 10 Bishops Square, London E1 6EG, United Kingdom Contact: Aatish Suchak Phone:

10 OUR CHAIRS OUR FOCUS SESSION CHAIRS Denise Le Gal Chair Brunel Pension Partnership Joanne Segars Chair LGPS Central Ian Greenwood Chair Northern Pool Mark Hyde-Harrison Chief Executive London CIV OUR EXPERT SPEAKERS Tony Brown Head M&G Real Estate David Buckle Head of Investment Solutions Design Fidelity International Richard Carlyle Equity Investment Director Capital Group Mike Ellsmore Chair CIPFA Pensions Panel Rachel Elwell Chief Executive Border to Coast Pensions Partnership Guido Giese Executive Director, Equity Research team MSCI Bob Holloway Pensions Secretary Local Government Association Amanda Latham Policy Lead The Pensions Regulator

11 Abbie Llewellyn-Waters Fund Manager, Environment & Sustainability Jupiter Asset Management Barry McKay Head of LGPS Actuarial Hymans Robertson Michael O Higgins Chair LPP Councillor Roger Phillips Chair Scheme Advisory Board John Roe Head of Multi-Asset Legal & General Investment Management David Schofield President Intech International Division Jennifer Sisson Investor Engagement Financial Reporting Council Claire Smith Investment Director Schroders Duncan Symonds Director, Asset Management IFM Dawn Turner Chief Executive Brunel Pension Partnership Duncan Whitfield President ALATS

12 6-7 September 2018 Celtic Manor Resort, Newport, South Wales BOOKING INFORMATION PUBLIC SECTOR RATES Public Sector delegate bookings are available for local authorities and LGPS Pools. Save 100 on Standard Rate book before 23 June EARLY BIRD RATE STANDARD RATE Conference including Thursday accommodation VAT Conference including Thursday accommodation VAT Conference including Wednesday and Thursday accommodation VAT Conference including Wednesday and Thursday accommodation VAT To register please call Amelia Martin on or Amelia.Martin@EMAP.com Please visit the website to view the Terms and Conditions