Royal Mail’s introduction of CDC pensions, if facilitated, would change the pensions landscape in the UK and has the potential to transform collective provision of pensions. Royal Mail, Communication Workers Union and their advisers explain their CDC proposal.
- Royal Mail and CWU: Why we are jointly developing a CDC pension scheme (plus DB lump sum scheme)
- First Actuarial: How the negotiations led to the CDC proposal
- WTW: Current thinking on Royal Mail’s CDC scheme design”
Speakers: Derek Benstead, First Actuarial, Terry Pullinger, Communication Workers Union, Simon Eagle, Willis Towers Watson and Jon Millidge, Royal Mail
Speakers: Andy Agathangelou, Transpancy Task Force and Henry Tapper, First Actuarial
Policymakers and regulators are lining up behind climate risk as relevant to those charged with pensions governance, emphasised by the February 2018 letter to the Chairs of Trustees of the country's largest pension schemes, along with reports from the Bank of England, Law Commission, TPR, DWP and others.
This plenary session is split into two apects:
- Presentation covering the nature of the risk, as highlighted by the May 2017 IFOA risk alert and why it is relevant for pension schemes.
- Panel discussion on practical steps to take with representatives from regulators, pension schemes and the legal profession.
Speakers: Nico Aspinall, Resource and Environment Board, Edward Baker, Principles for Responsible Investment Mark Thompson, HSBC and Joanne Etherton, Client Earth