Capital Flows: Navigating Pension Reform and Regulatory Shifts

15 October 2024 8.30am – 10.15am + Add to calendar Breakfast Seminar Osborne Clarke, One London Wall, EC2Y 5EB

We are delighted to invite members to this seminar, which is a follow-up to the capital flows panel at the AREF conference in June. On that occasion, two of the star panellists, Mhairi Jackson, Asset Management Policy Manager, Financial Conduct Authority and Shalin Bhagwan, Chief Actuary and Interim CFO, Pension Protection Fund, had to withdraw from the panel late in the day due a change in the interpretation of the pre-election purdah rules. Since then, we have had a change in government, but momentum has been maintained for the pension and investment reform agenda. Mhairi and Shalin will pick up where we left off in June on how regulatory changes are impacting capital flows, with a particular focus on the transition from Defined Benefit (DB) to Defined Contribution (DC) pension plans.

Speakers:

Moderator: John Forbes, John Forbes Consulting
Mhairi Jackson, Asset Management Policy Manager, Financial Conduct Authority;
Shalin Bhagwan, Chief Actuary and Interim CFO, Pension Protection Fund

Date:

Tuesday 15 October 2024

Timing:

08:30am – networking and coffee & breakfast
09:00am – session starts
10:15am – session finishes.

Venue:

Osborne Clarke
One London Wall
Barbican
London EC2Y 5EB

Cost:

AREF Members: This event is FREE and open to all staff from AREF Fund, Affiliate, Associate and Investor member firms (view our list of members here).
Trial Members: Non-members are welcome to join this event for a fee of £100+VAT. Please email us at [email protected] if you wish to register.

To Book:

AREF members should click here or the blue button below and log-in to book.

Speaker Biographies:

Chief Actuary and interim Chief Financial Officer, Pension Protection Fund

Shalin Bhagwan joined the Pension Protection Fund in 2023. He is our Chief Actuary and interim Chief Financial Officer.

Shalin brings extensive pensions, insurance and investment experience having worked across the sector for many years. He started his career in South Africa in life insurance pricing and reserving and then transitioned into liability valuations for defined benefit pension funds.

In addition, he brings significant LDI, derivative and credit portfolio management experience and has advised some of the UK’s largest pension funds on their LDI strategies both as a consultant with Mercer and portfolio manager with Legal & General Investment Management.

He is a member of the advisory panel at the Financial Reporting Council and is an advisory board member at SG Pensions Enterprise. He recently served as a member of the Institute and Faculty of Actuaries' Finance and Investment Board and as an advisory member for the task force to boost socio-economic diversity at senior levels in both the financial and professional services sectors.

Independent Consultant, John Forbes Consulting

John Forbes is an independent consultant advising real estate investment managers, investors and others in the real estate industry in the rapidly changing areas of product development, governance and regulatory matters for real estate funds. He has advised on the restructuring of high profile open and closed-ended real estate funds in the UK and elsewhere in Europe, as well as the establishment of new funds. He has advised service providers to the real estate investment management industry on the strategic implications of regulatory and other changes. Prior to setting up John Forbes Consulting LLP in 2013, he spent over twenty-five years with PwC, where he led the firm's Real Estate Industry Practice in Europe, the Middle-East and Africa across all of the firm's services to the real estate industry.

John is the chairman of the Independent Supervisory Board of the UBS Triton Property Fund, independent chair of the Urban Splash Residential Fund and non executive chairman of Ginkgo Advisor UK Limited.

Manager, Funds and Asset Management Policy, FCA

Mhairi Jackson manages the UK’s Funds and Asset Management policy area, where she is responsible for setting and overseeing the policy direction for the UK asset management sector, including UCITS, AIFMD and the overseas fund regime. She has overseen the development of the UK’s new fund authorised fund structure, the Long Term Asset Fund, and has worked closely with the Bank of England in reviewing fund liquidity requirements.

Mhairi represented the UK at ESMA and currently Chairs IOSCO’s Committee for Intermediaries, and represents the UK at IOSCO on fund issues. Prior to this, Mhairi reformed the UK retail derivatives market and was responsible for the implementation of areas of MiFID II.

Mhairi has extensive regulatory and risk experience of the asset management sector, having lead the FCA fund supervision team, and worked in Advisory Compliance at State Street Global Advisors and Operational Risk at Man Group.

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