Annual Conference 2023
Uncertainty Guaranteed
The Netherlands is preparing for a major change of the pension system. At the same time, things are also shifting in the world at large. There is turmoil in the financial world due to inflation, interest rate increases and collapsing banks. Geopolitical relations are on point because of the war in Ukraine and the economic confrontation with China. How do these developments interlock? And what do they mean for the investment universe of pension funds? Is there a hedge against so much uncertainty? At Pensioen Pro's Annual Conference, we consider possible answers.
June 15th 2023
Felix Meritis, Keizersgracht 324, Amsterdam
Programme
Discussions about transfer of accrued pension rights are on the rise in the boardroom. How, when and at what level should existing rights be transferred? What are the risks up to the moment of the transfer, and especially after? Can (temporary) hedges keep the funding rate within the desired range? In this practical workshop, we will discuss the deployment and construction of protection/overlay strategies. What do you need for this and what instruments can you use? For example, what does a swaption cost?
Speakers: Raymond de Kuiper, Client Solutions Manager Netherlands & Sergey Pergamentsev, Head of Institutional, Structured Management, BNP Paribas Asset Management
12:00 - 13:00
Lunch & Registration
13:00
Opening
André de Vos, Editor Print & Events Pensioen Pro
13:05 - 13:45
Keynote
The new world order
Major geopolitical shifts are taking place. The war in Ukraine, trade disputes with China, the 'inflation program' in the US. What will the world look like in the future? Will the investment universe get smaller?
Speaker: Maarten van Rossem, Historian
13:45 - 14:05
Presentation
Ripping up the rule book
In a changing world traditional industry beliefs and unquestioned rules need to be challenged. A thought provoking presentation that challenges the pensions industry.
Speaker: Tim Garratt, Client Director, Baillie Gifford
14:05
Transit
Breakout stream 1
Illiquid is the trump card
Break-out stream 2
Looking for stability
Breakout stream 3
Reports from the transition front
A Wtp-proof wallet
SBZ pension fund has adjusted its investment portfolio in the run-up to the new system. What changes will the switch from db to dc entail?
A case study.
Speakers: Martijn Kuipers, Managing Director, Northern Europe, Russell Investments and Henk Radder, board member, SBZ Pensioen
Benefit from the differences within real estate
Rising interest rates have an impact on the real estate market. Values are under pressure. The differences between homes, shops, healthcare real estate and offices are increasing. Looking at the underlying trends within those different sectors is therefore essential.
Speaker: Casper Hesp, Director Real Estate Investment Management, Achmea Real Estate
Digital Twin – innovation for a manageable transition
How to manage a smooth and controlled transition to the new pension contract using the Digital Twin – a parallel operation where the old and the new schemes can run side by side in a secure test environment. This stepwise introduction of the new contract provides a realistic view of how the new pension scheme will perform at full scale, making the transition more manageable while reducing risk as well as cost.
Speaker: Jeroen Elbertse, Managing Director, Lumera Netherlands
SFDR - Article 8 & 9: shifting the goalposts?
In this session we will discuss the intricacies of the SFDR regulation between article 8 and 9. A retrospect on shifting regulatory requirements aiming to offer guidance in the regulatory jungle.
Speaker: Ben Constable-Maxwell, Head of Sustainable and Impact Investing, M&G Investments
An anchor in volatile markets: Euro investment grade bonds
2022 was a remarkable year for the markets, with equity and bonds both dropping significantly. Was this a one-off or have markets entered a new paradigm? While the current environment may remain volatile, it offers new opportunities for Euro investment grade bonds, by focusing on the importance of yield, duration and managing credit risk.
Speaker: Marc Rovers, Head of Euro Credit, Legal & General Investment Management
Migration and robust data
Good data is essential for error-free pension administration. This is especially important around the transition, because the new contract offers little room for corrections afterwards. How do you monitor data quality before, during and after the transition? Lessons from previous transitions.
Speaker: Henri Jansen, Managing Consultant & Maarten Hundepool, Managing Consultant, Keylane
Breakout stream 1
Illiquid is the trump card
14:20 - 14:50
The New Standard
SBZ pension fund has adjusted its investment portfolio in the run-up to the new system. What changes will the switch from db to dc entail?
A case study.
Speakers: Martijn Kuipers, Managing Director, Northern Europe, Russell Investments and Henk Radder, board member, SBZ Pensioen
14:50 - 15:20
SFDR - Article 8 & 9: shifting the goalposts?
In this session we will discuss the intricacies of the SFDR regulation between article 8 and 9. A retrospect on shifting regulatory requirements aiming to offer guidance in the regulatory jungle.
Speaker: Ben Constable-Maxwell, Head of Sustainable and Impact Investing, M&G Investments
Break-out stream 2
Looking for stability
14:20 - 14:50
Benefit from the differences within real estate
Rising interest rates have an impact on the real estate market. Values are under pressure. The differences between homes, shops, healthcare real estate and offices are increasing. Looking at the underlying trends within those different sectors is therefore essential.
Speaker: Casper Hesp, Director Real Estate Investment Management, Achmea Real Estate
14:50 - 15:20
An anchor in volatile markets: Euro investment grade bonds
2022 was a remarkable year for the markets, with equity and bonds both dropping significantly. Was this a one-off or have markets entered a new paradigm? While the current environment may remain volatile, it offers new opportunities for Euro investment grade bonds, by focusing on the importance of yield, duration and managing credit risk.
Speaker: Marc Rovers, Head of Euro Credit, Legal & General Investment Management
Breakout stream 3
Reports from the transition front
14:20 - 14:50
Digital Twin – innovation for a manageable transition
How to manage a smooth and controlled transition to the new pension contract using the Digital Twin – a parallel operation where the old and the new schemes can run side by side in a secure test environment. This stepwise introduction of the new contract provides a realistic view of how the new pension scheme will perform at full scale, making the transition more manageable while reducing risk as well as cost.
Speaker: Jeroen Elbertse, Managing Director, Lumera Netherlands
14:50 - 15:20
Migration and robust data
Good data is essential for error-free pension administration. This is especially important around the transition, because the new contract offers little room for corrections afterwards. How do you monitor data quality before, during and after the transition? Lessons from previous transitions.
Speaker: Henri Jansen, Managing Consultant & Maarten Hundepool, Managing Consultant, Keylane
15:20 - 15:40
Break
15:45 - 16:15
Keynote
Inflation, interest rates and the new system
Speaker: Olaf Sleijpen, Directeur monetaire zaken, DNB
16:15 - 16:35
Presentation
Building and investing for boomers and millennials
Investing in the Dutch housing market has an impact: not only on the climate transition, but also on tenants. Gray (elderly) and Green (young people) are looking for affordable, sustainable homes appropriate to their stage of life in a dynamic living environment. Right now there are opportunities for pension funds to create value for the longer term.
Speaker: Jaap van der Bijl, CEO, Altera Vastgoed
16:35 - 16:55
Presentation
ESG is dead. Long live ESG
As investors face increasing stakeholder, regulatory and real-world pressure in an age of economic and geopolitical uncertainty, has “ESG” outlived its purpose? Vishal Hindocha, Head of Client Sustainability, addresses some of the myths and realities associated with sustainability, and what it means to embrace complexity and invest with a focus on long-term value creation.
Spreker: Vishal Hindocha, Global Head of Sustainability Strategy, MFS Investment Management
16:55 - 17:40
Panel
Transition as role play
The transition to the new system involves many parties. How is this process viewed by social partners, pension funds, administrators and the accountability body in the same sector? Who has what role and where are the bottlenecks?
Panelists: Han Noten, Jannet Visser, Harold Clijsen, Jochem Dijckmeester, Fieneke van den Brink and Frans van de Veen
Moderator: André de Vos, Editor Print & Events Pensioen Pro
17:40 - 17:45
Final Act
by Agnes Joseph, Actuary, Achmea Pensioenservices
17:50
Close and networking drinks
followed by a short to 'de Rode Hoed' for the Awards
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