6-7 September 2018 | Celtic Manor Resort, Newport, South Wales · Design, Fidelity International Chair: Mark Hyde-Harrison, Chief Executive, London CIV FOCUS 2 Foundations of ESG

6-7 September 2018 | Celtic Manor Resort, Newport, South Wales

Ever changing times: investing in the LGPS

investmentsummit.lgcplus.comBook your place: Amelia Martin, 020 3953 2605 | [email protected]

More high-profile speakers • More focus on investment, tailoring the summit to your new educational and professional needs • More content than ever • Learn how to make pooling a success, at both a fund and pool level

*Price saving is on the Standard Rate

1972

2018

1989

2048

The LGPS is created

LGC Investment Summit is launched

LGPS pools are set up and the Summit is 30

What does the future hold?...

Book before 23 June and save £100*

WELCOME TO THE LGC INVESTMENT SUMMIT 20182018 is the LGC Investment Summit’s 30th anniversary and, although over that period we have seen many changes one constant is the Summit itself. It is still the leading annual investment event for local government pension funds and it is this because it sets the benchmark for effective learning and knowledge gathering within the LGPS.

The Summit has always been primarily about investment, and this is where we will continue to focus most of our attention but of course we will also provide the essential update on the progress that pension funds are making in transitioning to combined investment pools.

The investment landscape continues to evolve with individual funds re-setting asset allocations in light of the 2016 valuation and now beginning to look forward to the 2019 valuation, taking stock of the impact of fundamental political and economic change; and continuing to maintain a long term perspective despite the immediate impact of Austerity.

The new Investment Pools are now forming and focussing on new ways of working to achieve the best possible outcomes, on the new opportunities to collaborate, and on how to invest ‘smarter’. This will deliver a more cost efficient implementation, but more importantly it has to open up better investment solutions to meet individual funds’ needs.

This year’s Summit will address all these issues, drawing upon expert speakers and practitioners and, as ever, addressing issues of immediate concern and interest, but also offering a longer term perspective, so vital to the LGPS.

Local government members and officers have an excellent track record in their stewardship of the LGPS but the need to improve the level of skills and knowledge of those responsible for investment and to cope with a rapidly changing investment environment and governance framework is as vital now as it was in 1988.

Join us at Celtic Manor to learn more about future of the LGPS and how you can best tackle the investment changes we all face.

investmentsummit.lgcplus.com

Whether you are seeking to understand the current trends in the LGPS, the opportunity to network with the key players or direct insight on investment strategy, then the LGC Investment Summit is a critical event on your radar in 2018.• Gain clarity on the latest strategies on key investment areas through concise, essential

briefing sessions. • Receive intuition on the challenging areas of governance and stewardship and how your

organisation will be affected by recent developments.

• Share experiences with your colleagues in a collaborative environment and discover how they are handling the challenging circumstances.

• Improve your contacts with our fund manager sponsors and learn how they can meet your educational needs.

• Benefit from critical insight from prominent investment experts who’ll ensure you have the latest knowledge for your organisation.


What you can expect at the LGC Investment Summit 2018:

• A focused programme providing clarity and insight on all the areas which impact on the investment of the funds in the new landscape.

• A dynamic set up providing greater opportunities for informal engagement between delegates and sponsors with easy-to access networking pods on the exhibition floor.

• Educational content relevant to your needs including a focused session for Councillors and a tailored discussion session for officers and pool representatives.

• Valuable contributions from the key players in each of the pools throughout the programme. • Mini investment briefing sessions providing the latest knowledge on key topics.

The LGC Investment Summit in numbers:

30 250 30+ 23 7years of the

summitattendees from across the LGPS

expert speakers

content sessions across 2 days

hours of networking


PROGRAMME THURSDAY 6 SEPTEMBER 2018

08:10 – 09:10 Registration and visit the exhibition floor 09:10 – 09:20 Welcome: Nick Golding, Editor, LGC The chair sets the scene Denise Le Gal, Chair, Brunel Pension Partnership

S E S S I O N 1 09.20 – 10:00 UK and global perspective on the economy

• Confirming whether the global recovery will continue • Offering the latest thinking on markets and the need for future optimism• Discussing views on equities and their future outperformance• Emerging markets vs. developed markets• Discovering the cautious approach on Credit• Interest rates and Government Bonds

John Roe, Head of Multi-Asset, Legal & General Investment Management

S E S S I O N 210:00 - 10:40 Keynote Session: Infrastructure and housing Speaker to be confirmed

10:40 - 11:20 Visit the exhibition floor for refreshments

11:20 - 11:40 Investment briefing sessions on the exhibition floor

S E S S I O N 311:45 – 12:30 What actually matters when managing liabilities and risks to your fund

Which costs actually impact:• The cost benefit of good quality data, including case studies• Managing employer risk and assessing employer covenant• The need for appropriate employer investment strategies • Risk transfer and consolidation• A sustainable scheme design

Barry McKay, Head of LGPS Actuarial, Hymans Robertson

12:30 – 13:35 Lunch on the exhibition floor


S E S S I O N 4 – F O C U S S E S S I O N S

F O C U S 1Pension plans have paid for the recovery. Where do they find returns in such a headwind? David Buckle, Head of Investment Solutions Design, Fidelity International Chair: Mark Hyde-Harrison, Chief Executive, London CIV

F O C U S 2Foundations of ESG investingGuido Giese, Executive Director, Equity Research team, MSCI

13:35 – 14:10 Attend Focus session 1 or 2

14:55 – 15:30 Attend the session which relates to your roleCouncillors’ Discussion• The Scheme Advisory Board programme• Issues for CouncillorsRoger Phillips, Chair, LGPS Scheme Advisory Board Chaired by Ian Greenwood, Chair, Northern Pool

Interactive Officer Discussion Current issues for officers with reference to progressional and vfm responsibilities and managing initiatives resulting from pooling. Mike Ellsmore, Chair, CIPFA Pensions Panel Duncan Whitfield, President, ALATS

15:30 – 16:05 Visit the exhibition floor for refreshments

14:15 – 14:50 Attend Focus session 3 or 4 F O C U S 3What impact will AI and technology have?Richard Carlyle, Equity Investment Director, Capital Group Chair: Mark Hyde-Harrison, Chief Executive, London CIV

F O C U S 4Integrating ESG delivers alphaAbbie Llewellyn-Waters, Fund Manager, Environment & Sustainability, Jupiter Asset Management

It is the premier LGPS conference providing a comprehensive and incisive programme of top speakers, with excellent networking opportunities in a dynamic, new format

S E S S I O N 516:05 – 17:05 Infrastructure, urban regeneration and real estate

• Illustrating why experience in investment is essential to effective delivery of urban regeneration• Showing how to create opportunities for long term investors• Investigating which measures other than financial considerations are important• Facilitating participation by smaller-scale development companies• Demonstrating how to address management challenges associated with urban regeneration projects• Investing in the financing of infrastructure

Duncan Symonds, Director, Asset Management, IFM Tony Brown, Head, M&G Real Estate Claire Smith, Investment Director, Schroders

S E S S I O N 617:05 - 17:40 Governance and Stewardship

• How the TPR and FRC work• Latest insight on Governance and what the implications are• Current Stewardship issues and their potential consequences• Impacts for the LGPS funds and pools

Jennifer Sisson, Investor Engagement, Financial Reporting Council Amanda Latham, Policy Lead, The Pensions Regulator

19:00 Networking drinks reception and canapes Don’t miss out on this networking opportunity

19:30 2 course Networking Dinner in the Caernarfon Suite


PROGRAMME FRIDAY 7 SEPTEMBER 2018

08:15 – 08:45 Visit the exhibition floor for refreshments 08:45 – 08:55 Welcome from the chair Joanne Segars, Chair, LGPS Central

S E S S I O N 708:55 – 09.35 Building successful partnerships: recommendations and pitfalls

• Looking at how successful partnerships are formed within the pool • Exploring how to engage with other pools, other asset owners, external asset managers

and amongst staff Rachel Elwell, Chief Executive, Border to Coast Pensions Partnership

S E S S I O N 709:35 – 10.15 Protecting your equity portfolio without timing the market

• How can an equity portfolio incorporate downside protection without forsaking the upside?• The importance of diversification and rebalancing • Understanding and adapting to market volatility• Exploring how long investment horizons are crucial to best employ defensive strategies

David Schofield, President, Intech International Division 10:15 - 10:55 Visit the exhibition floor for refreshments10:55 - 11:15 Investment briefing sessions in the podsS E S S I O N 911:20 - 12:00 Review of the Pools

• A review of the Pools’ submissions• Topical issues from the Advisory Board• Current Government thinking• Reflections on 3 years of Pool operation

Bob Holloway, Pensions Secretary, Local Government Association Michael O’Higgins, Chair, LPP

S E S S I O N 1 0

12:00 – 12:40 Devolution and Regionalism• Where do pension funds fit into local infrastructure?Dawn Turner, Chief Executive, Brunel Pension Partnership

12:40 - 12:45 Closing remarks Joanne Segars

12:45 Lunch and depart

©EMAP 2018. This programme may change due to unforeseen circumstances. EMAP reserves the right to alter the venue and or speakers.


SPONSORS

We are very grateful for the support of our sponsors. The organisations who have confirmed their attendance include:


Capital Group 40 Grosvenor PlaceLondon SW1X 7GGContact: Stephen GosztonyPhone: 0207 864 5845Email: [email protected]

Fidelity International 25 Cannon StreetLondon EC4M 5TAContact: Tom Jeffery Phone: 020 7961 4961Email: [email protected]

Global Infrastructure Partnerships The Peak, 5 Wilton Road, London, SW1V 1ANContact: Annabel Wiscarson Phone: 0207 798 0470Email: [email protected]

Goldman Sachs Asset Management River Court, 120 Fleet StreetLondon EC4A 2BEContact: Jason Freeman Phone: 020 7552 2115Email: [email protected]

J.P. Morgan Asset Management 60 Victoria EmbankmentLondon EC4Y 0JPContact: Monique StephensPhone: 020 7742 5644Email: [email protected]

Hermes Investment Management 150 Cheapside, London, EC2V 6ETContact: Mark MillerPhone: 020 7680 2205Email: [email protected]

IFM Investors 3rd Floor, Gresham StreetLondon EC2V 7BBContact: Irini KalamakisPhone: +44 20 7448 9606Email: [email protected]

Invesco Asset Management 43-45 Portman Square,London W1H 6LYContact: Stephen MessengerPhone: 0207 543 3551Email: [email protected]

Janus Henderson Investors201 BishopsgateLondon EC2M 3AEContact: Mark Fulwood Phone: 020 7818 2782Email: [email protected]


Schroders 31 Gresham StreetLondon EC2V 7QAContact: Claire Glennon Phone: 020 7658 4366 or 07788 291515Email: [email protected]

Newton Investment Management 160 Queen Victoria StreetLondon EC4V 4LAContact: Matt PumoPhone: 020 7163 3985Email: [email protected]

Russell Investments Rex House, 10 Regent StreetLondon, SW1Y 4PEContact: Carolyn TsalosPhone: 020 7024 6058Email: [email protected]

Hymans Robertson LLP Central Exchange, 20 Waterloo StreetGlasgow G2 6DBContact: David Walker Phone: 0141 566 7733Email: [email protected]

MSCI Ninth Floor, 10 Bishops Square, London E1 6EG, United KingdomContact: Aatish SuchakPhone: 020 7618 2000Email: [email protected]

A S S O C I A T E S P O N S O R S

M&G Real Estate City Place House, 55 Basinghall Street, London EC2V 5DUContact: Lucy WilliamsPhone: 020 7548 6585Email: [email protected]

MFS One Carter LaneLondon EC4V 5ERContact: Madeline ForresterPhone: 020 7429 7412Email: [email protected]

Legal & General Investment Management One Coleman StreetLondon EC2R 5AAContact: James Sparshott Phone: 020 3124 3135Email: [email protected]

Jupiter Asset Management The Zig Zag Building, 70 Victoria Street, London SW1E 6SQContact: Clive PainePhone: 020 3817 1778Email: [email protected]

OUR EXPERT SPEAKERS

Denise Le Gal Chair

Brunel Pension Partnership

Joanne SegarsChair

LGPS Central

Richard CarlyleEquity Investment Director

Capital Group

David BuckleHead of Investment

Solutions DesignFidelity International

OUR CHAIRS OUR FOCUS SESSION CHAIRS

Tony BrownHead

M&G Real Estate

Mike EllsmoreChair

CIPFA Pensions Panel

Rachel ElwellChief ExecutiveBorder to Coast

Pensions Partnership

Guido GieseExecutive Director,

Equity Research teamMSCI

Ian GreenwoodChair

Northern Pool

Mark Hyde-HarrisonChief Executive

London CIV

Bob HollowayPensions SecretaryLocal Government

Association

Amanda LathamPolicy Lead

The Pensions Regulator


Jennifer SissonInvestor EngagementFinancial Reporting

Council

Duncan WhitfieldPresident ALATS

Duncan SymondsDirector, Asset Management

IFM

Claire SmithInvestment Director

Schroders

Barry McKayHead of LGPS Actuarial

Hymans Robertson

Abbie Llewellyn-WatersFund Manager, Environment &

SustainabilityJupiter Asset Management

Michael O’HigginsChairLPP

Councillor Roger PhillipsChair

Scheme Advisory Board

David SchofieldPresident

Intech International Division

John RoeHead of Multi-Asset

Legal & General Investment Management

Dawn TurnerChief Executive

Brunel Pension Partnership



PUBLIC SECTOR RATESPublic Sector delegate bookings are available for local authorities and LGPS Pools.

Conference including Thursday accommodation£899 + VAT

Conference including Thursday accommodation£999 + VAT

Conference including Wednesday and Thursday accommodation£1049 + VAT

Conference including Wednesday and Thursday accommodation£1149 + VAT

BOOKING INFORMATION

EARLY BIRD RATE STANDARD RATE

To register please call Amelia Martin on 020 3953 2605 or email [email protected]

Please visit the website to view the Terms and Conditions


Save £100 on Standard Rate – book before 23 June

6-7 September 2018 | Celtic Manor Resort, Newport, South Wales

Documents

6-7 September 2018 | Celtic Manor Resort, Newport, South Wales · Design, Fidelity International Chair: Mark Hyde-Harrison, Chief Executive, London CIV FOCUS 2 Foundations of ESG