A new holistic approach to pension scheme funding?

Pensions masterclass series

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Many UK defined benefits pension schemes are due to receive the preliminary results for their 2013 funding valuations in the second half of the year.

With this timing in mind, our webcast will explore the UK Pensions Regulator's recent funding statement. The statement emphasized the flexibility available in the current legislation and encouraged schemes to adopt an "integrated approach" to funding, which takes into account both employer covenant and investment risk.

Our panel will discuss the possible implications for scheme funding plans going forward and consider whether the new approach may ease the funding pressures faced by many UK defined benefits schemes.

The program is designed to be of particular significance to those with a detailed interest in defined benefit pension schemes, including pension scheme trustees, finance directors and pension managers.  

Panelists:

Matthew Harrison

Ernst & Young LLP (UK)

Matthew Harrison is Director at EY, a chartered accountant and is qualified to act as an insolvency practitioner. His primary focus is advising pension trustees and their corporate sponsors around deficit funding. He has been with EY 13 years and has first hand experience of how the landscape around scheme funding has shifted and the changing focus of the Pensions Regulator in this arena. He advises many of the largest pension schemes in the UK with respect to the employer covenant matters as well as the development of innovative scheme funding solutions.

Philip Wheeler

Ernst & Young LLP (UK)

Philip Wheeler joined EY in 2008 and has more than 20 years’ experience in the pensions industry, advising clients on all aspects of modelling benefits, liabilities, assets and contribution requirements through deterministic and stochastic engines. Philip has been instrumental in developing EY's pension asset-liability modelling service line, and has advised trustee and corporate clients of all sizes on the risks, volatilities and potential solutions around pension scheme funding.

Moderator:

Sean Bottomley

Ernst & Young LLP (UK)

Sean Bottomley is a Director at EY. He advises both trustees and sponsors on the actuarial and investment strategy challenges faced by UK pension schemes, aligning trustees and sponsors round funding and investment solutions.

Sean has more than 20 years’ experience in the pensions industry and acts as Scheme Actuary to a number of trustee clients. He also has extensive experience in advising sponsors on de-risking strategies and has been involved in some of the UK's largest liability management exercises. His clients range from small privately owned business to quoted FTSE multi-nationals.