TUESDAY 6 SEPTEMBER 2011 THE INTERCONTINENTAL HOTEL, LONDON, UK LCP Annual Pensions Conference 2011: A pensions strategy for a new generation.

TUESDAY 6 SEPTEMBER 2011 THE INTERCONTINENTAL HOTEL, LONDON, UK LCP Annual Pensions Conference 2011: A pensions strategy for a new generation.

LCP Annual Pensions Conference 2011 Find out more at www.lcp.uk.com/events A pensions strategy for a new generation. Overview In recent years, the baby boomer generation has started to reach retirement age. Rising stock markets, paternalistic employers and legislative changes have meant that their defined benefit pensions are more valuable and secure than ever. But what will the future hold for Generations X and Y? Reducing DB pension risk is still high on many company and trustee agendas and, if this trend continues, employees in today s private sector workforce are unlikely to enjoy the same retirement prosperity. In planning for the future, what pension arrangements should we now make for those retiring in 10, 20 or 50 years time? LCP 2011 annual pensions conference welcomes prestigious speakers from Government, the Pension Policy Institute and NEST to help us consider topical issues such as: How might companies set a viable pensions policy? How does a legacy DB scheme fit into that policy? What are the implications for investment strategy?

LCP Annual Pensions Conference 2011 Find out more at www.lcp.uk.com/events Registration and coffee 08:30-09:00 Session 1 09:00-10:40 Chairman s welcome Opening address An independent view of the impact of public policy on future pension and retirement provision Challenges for the private sector Bob Scott Rt Hon Steve Webb MP Minister of State for Pensions Niki Cleal Pensions Policy Institute Mark Jackson The good The bad and the ugly Coffee break 10:40-11:00 Session 2 11:00-13:00 The role of NEST in future pensions policy What might the future hold Lawrence Churchill CBE NEST Corporation Jeremy Dell and Michael Cranfield Balancing defined benefit, defined contribution and other savings vehicles Preparing for a new generation of savings Chairman s conclusion and questions Ken Willis Bob Scott Lunch 13:00

LCP Annual Pensions Conference 2011 Find out more at www.lcp.uk.com/events Speaker panel GUEST SPEAKERS Rt Hon Steve Webb MP 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. 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. Niki Cleal Director, Pensions Policy Institute Niki Cleal is the Director of the Pensions Policy Institute ( PPI ) with overall responsibility for leading and managing the PPI. The PPI is an educational research charity with an objective to inform the public policy debate on pensions and retirement provision. Niki is a member of the editorial board of Pensions: An International Journal and is also a member of the Financial Reporting Council s Actuarial User Committee. Niki was a member of Lord Hutton s Panel of Experts on his fundamental review of the public service pensions. Prior to joining the PPI, Niki spent ten years in the UK Civil Service, initially at the NHS Executive and then at HM Treasury. Niki is an economics graduate of Cambridge University with an MBA from INSEAD. Lawrence Churchill CBE Chair of the NEST Corporation Before joining NEST Corporation Lawrence was Chairman of the Pension Protection Fund. He is also a member of the Board for Actuarial Standards, the Board of BUPA and a trustee of the think tank the International Longevity Centre, UK. Lawrence was awarded a CBE for Public Service in the 2010 New Year Honours List.

LCP SPEAKERS Chairman Bob Scott Bob is author of LCP s Accounting for Pensions report. He has been a partner of LCP since 1988 and became senior partner on 1 April 2011. Bob s primary role is in advising his portfolio of UK pension clients and he is a regular commentator on UK pensions issues in the media. Mark Jackson Mark has over 20 years industry experience of liability management, corporate restructuring, benefit design, and tailored funding strategies. He is the author of our report on Executive Pensions for FTSE 100 and FTSE 250 companies. Jeremy Dell Jeremy advises a wide range of clients including pension scheme trustees and sponsors on all aspects of pensions and employee benefits. He is a member of LCP s M&A team and has advised on a number of major corporate transactions. He is a regular speaker on a variety of pensions related topics. Michael Cranfield Michael leads LCP s investment consulting team in our Winchester office. He has extensive experience in UK pensions work on both the asset and the liabilities side. He also has specialist knowledge in the field of international benefit provision and has worked with a number of major clients in this area. Ken Willis Ken leads LCP s corporate investment practice. Ken s understanding of pension scheme funding, the interaction with investment policy and how these fit into scheme sponsor financing discussions, ensures that he is well placed to assist trustees and sponsors implement effective investment arrangements.

LCP Annual Pensions Conference 2011 Find out more at www.lcp.uk.com/events Tuesday 6 September 2011 The InterContinental Hotel, London, UK 08.30-13.00 followed by lunch How to register Web www.lcp.uk.com/events Email lcpevents@lcp.uk.com Tel +44 (0)20 7432 6710 Fax +44 (0)20 7439 0183 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 2010. Guest speakers were Bill Galvin, Interim Chief Executive of The Pensions Regulator, and Jonathan Ruffer, Chief Executive, Ruffer LLP. LCP Annual Pensions Conference 2010 delegate Once again, LCP has shown that it understands what trustees and employers want and need to know. LCP Annual Pensions Conference 2010 delegate Timely, useful opportunity to stand back and review the challenges and opportunities.

The InterContinental Hotel One Hamilton Place, Park Lane, London, W1J 7QY, UK Tel: +44 (0)20 7409 3131 Fax: +44 (0)20 7493 3476 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 at the Hilton Hotel, 22 Park Lane, London, W1K 1BE, UK Tel: +44 (0)845 050 7080 2011 Google - Map data 2011 Tele Atlas 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)20 7439 2266 Tel: +44 (0)1962 870060 Brussels, Belgium Dublin, Ireland Utrecht, Netherlands enquiries@lcp.uk.com enquiries@lcp.uk.com Tel: +32 (0)2 761 45 61 Tel: +353 (0)1 614 43 93 Tel: +31 (0)30 256 76 30 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)43 817 73 00 Tel: +41 (0)61 205 74 00 Tel: +41 (0)43 344 42 10 Tel: +971 (0)2 658 7671 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 OC301436. LCP is a registered trademark in the UK (Regd. TM No 2315442) and in the EU (Regd. TM No 002935583). 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 members (as defined under the Act) of the Institute and Faculty of Actuaries, a Designated Professional Body. 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.

Registration form Please complete this registration form and return to us by 30 August 2011. LCP ANNUAL PENSIONS CONFERENCE 2011 Tuesday 6 September 2011 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 Email: Please provide your email address clearly in BLOCK CAPITALS. Confirmation/further information will be sent by email 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 email) Please post this form to Nelly Geudin, LCP, 30 Old Burlington Street, London W1S 3NN, UK or fax to +44 (0)20 7439 0183 Alternatively you can register online at www.lcp.uk.com/events, email us at lcpevents@lcp.uk.com or call us on +44 (0)20 7432 6710