Please note that this agenda is subject to change
7:30 AM - 8:30 AM
Hot Buffet Breakfast & Registration
8:30 AM – 8:40 AM
Opening Remarks & Introductions – Joe Hornyak
8:40 AM – 9:15 AM
Two Paths, One Destination: The De-risking Dilemma
Despite improved funding positions, pension plans may still face significant headwinds as market volatility remains a real threat. Against this backdrop, many plan sponsors are looking at ways to address pension risk. Plans have a few options when it comes to pension risk management, including plan design changes, potential partial risk transfer through an annuity buy in, a full pension buyout through annuitization or de-risking internally. The main consideration is whether to fully aim to transfer the risk or not.
Speaker: Michael Augustine – TD Asset Management Inc.
9:15 AM – 9:50 AM
Innovations in Pension Risk Transfer
Insurers are adapting to a growing Pension Risk Transfer business. Deals are getting larger and the provisions are getting more complex. This session will explore some of the new developments that are helping clients successfully transfer their pension risk to the insurance market.
Speaker: Neil Duffy - The Great-West Life Assurance Company
9:50 AM – 10:10 AM
20 Minute Networking Break
10:10 AM – 10:45 AM
Considering the Alternatives: A Practical Look at Enterprise Risk Analysis and Alternative Investments
Enterprise risk analysis is commonly utilized by institutional investors, though alternative investments – such as hedge funds, private equity and real estate – can present challenges for applying this type of analysis. Catherine Thrasher, Managing Director, Global Risk Solutions Canada, BNY Mellon, will highlight different approaches to risk measurement for investors who are largely allocated to alternative assets.
Speaker: Catherine Thrasher – CIBC Mellon and BNY Mellon
10:45 AM – 11:20 AM
Pension mergers – a complete and cost-effective de-risking solution
There is a widening gap between what employees want and need and what most employers can reasonably manage. The significant trend of closing DB pension plans in favour of a DC arrangement is one path. However, this leaves plan sponsors with a long and fat tail of ongoing DB legacy risks as this conversion only slows or stops DB accruals. Few sponsors can readily afford the costs of a full annuity risk transfer or a perfect asset liability hedge. This keynote will outline a new, cost effective de-risking option – consolidation with a jointly sponsored pension plan. Under the CAAT Pension Plan fixed cost approach, pension sponsors will continue to enjoy the substantial benefits of offering a DB pension plan to employees while eliminating balance sheet risks by settling past pension obligations. This all-in-one solution allows employers to gracefully exit the pension risk management business on a cost effective basis. This solution is likely to appeal to sponsors who are managing open or closed DB pension plans.
Speaker: Derek W. Dobson, CAAT Pension Plan
11:20 AM – 11:45 AM
Panel Discussion / Q & A and Closing Remarks
11:45 AM – 12:15 PM
Attendance certificates are available upon request to receive your CE credits
Copyright 2018 Benefits and Pensions Monitor