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Contact: Dan Melley
Tel: +44 (0)20 7178 3779


MercerVision 2009: Pensions de-risking - Navigating the new landscape

Last updated: 25 September 2009

 

MERCERVISION

Overview
Welcome to MercerVision
Impact of the economic downturn on pension funds
New developments in de-risking
What trustees and sponsors can do to be ready to exploit opportunities
Alternative de-risking strategies - longevity swaps
Buyouts: the latest developments
Dynamic de-risking: A new approach to managing the "end-game"
Panel Q&A session
Summary

A MercerVision live television conference on pensions de-risking was broadcast over the internet to almost 200 delegates in nine locations throughout the UK. The conference, which took place on 10 September, was transmitted from the studios of the London Stock Exchange. Jonathan Bernstein, worldwide partner and senior actuary, co-hosted the event from the studio with Mercer hosts welcoming participants in each location.
 
You can see the programme and view recordings from the event below.
 

If you would like to find out more about how Mercer can help you to assess and manage the risk in your pension scheme, please contact your usual Mercer consultant or any of the contacts listed on the right of this screen.

 


 

 

 

Welcome to MercerVision

The hosts for the broadcast, Mercer’s Jonathan Bernstein and Asset TV’s Penny Haslam, set the scene from the studios of the London Stock Exchange.

 

 View video clip  (4:33 mins)

 

 

 

Impact of the economic downturn on pension funds

 

In this interview, Dr. David McCarthy of Imperial College Business School, discusses the impact of the crisis in the financial markets on pension fund investments, the future outlook and how schemes can lock in investment gains and protect against downside.

 

 View video clip  (4:50 mins)

 

 

 

New developments in de-risking

 

Mercer’s Bruce Rigby looks at the strategic approaches schemes are adopting in the UK, as well as giving a perspective on what’s happening in other parts of the world and may be coming to the UK.

 

 View video clip  (7:07 mins)

 

 

 

What trustees and sponsors can do to be ready to exploit opportunities

 

A panel of experts with first-hand experience discuss setting objectives, putting the right governance structure and processes in place and making sure that member data and legal documents are in order.

 

Panel: Rosemary Kennell, Capita Fiduciary and Chair of trustees of the Emap Earnings Related Pension Plan; Clare Hoxey, Clifford Chance; Crispin Lace, Mercer; David Ellis, Mercer

 

 View video clip  (18:03 mins)

 

 

 

Alternative de-risking strategies – longevity swaps 

In this session, Andrew Reid of Credit Suisse and Mercer’s Gordon Fletcher debate:

 

  • How a longevity swap works
  • The security of providers
  • The pros and cons - is it a short-term fix or a long-term solution


 View video clip (16:40 mins) 

 

 

Buyouts: the latest developments 

In this interview, Mercer’s David Ellis provides an update on what’s happening in the risk transfer market. 
 
 View video clip (5:34 mins)

 

 

 

Dynamic de-risking – a new approach to managing the “end game”

Mercer’s Bruce Rigby, Rupert Brindley, Tom Murphy and Alan Baker explain the new concept of “dynamic de-risking”. Through the establishment of clear funding objectives and the use delegated integrated asset and liability management, upside gains can be locked in and downside protection provided.

 

 View video clip  (32:39 mins)

 

 

 

Panel Q&A session

A team of experts answer the burning questions submitted from the venues around the UK.

 

The Q&A team: Kerrigan Procter, Legal & General Investment Management; Charles Goddard, PAN Trustees; Kevin McLaughlin, Mercer; Rupert Brindley, Mercer

 

 View video clip (23:05 mins)

 

 

 

Summary

Mercer’s Jonathan Bernstein and Asset TV’s Penny Haslam, sum up the key messages from the event.

 

 View video clip  (3:20 mins)

 

 


Issued in the United Kingdom by Mercer Limited which is authorised and regulated by the Financial Services Authority. Registered in England No. 984275. Registered Office: 1 Tower Place West, Tower Place, London, EC3R 5BU.

 

 

 

Contact: Dan Melley
Tel: +44 (0)20 7178 3779

Contacts

Dan Melley

 +44 (0)20 7178 3779

 E-mail

 

Jonathan Bernstein

 +44 (0)20 7178 3377

 E-mail

 

Bruce Rigby

 +44 (0)131 247 4629

 E-mail

 

Crispin Lace

 +44 (0)20 7178 3530

 E-mail

 

David Ellis

+44 (0)113 394 7591

E-mail

 

Gordon Fletcher

 +44 (0)161 837 6529

 E-mail

 

Rupert Brindley

 +44 (0)20 7178 3332

 E-mail

 

Tom Murphy

 +353 (0)1 604 8525

 E-mail

 

Kevin McLaughlin

 +44 (0)20 7178 7229

 E-mail