Defined Benefit Pensions Conference 2026

Defined Benefit Pensions Conference 2026

26 March 2026 | 08:30 - 18:00

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Defined Benefit Pensions Conference 2026

This popular PMI event is focused on navigating the complexities and challenges within defined benefit schemes. Set against the backdrop of an ever-evolving financial landscape, the conference will provide a comprehensive exploration of critical topics shaping the pensions industry.

Industry experts and thought leaders will meet to discuss strategies for managing risks, optimising investment portfolios, and ensuring the sustainability of defined benefit pension schemes. Attendees can expect insightful sessions on regulatory updates, technological advancements and innovative solutions that impact pension fund management.

This conference is the ideal place to network and collaborate with peers to share best practices. With a keen emphasis on practical insights, the event also offers the opportunity for pension scheme trustees, investment managers, and advisers to stay abreast of the latest trends, exchange ideas, and gain a deeper understanding of the challenges and opportunities associated with defined benefit schemes.

Why attend?

  • Industry Insights: gain valuable knowledge about industry trends, regulatory updates, and emerging challenges in the DB pension space.
  • Networking: connect with pension professionals, fund managers, regulators and legal experts to share best practices and build professional relationships.
  • Expert speakers: learn from leading industry experts, thought leaders and policymakers who provide deep dives into relevant topics.
  • Risk Management: understand evolving strategies to manage funding deficits, longevity risk and investment volatility in defined benefit plans.
  • Professional Development: enhance your knowledge and skills, staying ahead in a rapidly evolving regulatory and financial landscape. Plus you can claim up to 7 CPD points.

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    Fees

    Members: Free
    Affiliate and Corporate members: £600 (+VAT)
    Non-members: £1200 (+VAT)
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    In person

    event
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    Speakers

    10+
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    CPD

    7

Event Details

THE BASICS

Topics of discussion:
  • Macro and regulatory outlook: how economic and regulatory pressures shape DB schemes.
  • Funding and risk strategy: exploring post-LDI funding approaches and long-term risk frameworks.
  • Covenant analysis: understanding sponsor strength beyond traditional financial metrics.
  • Endgame planning: preparing for buy-out, run-on or other outcomes.
  • Surplus use and legal strategy: guidance on surplus allocation.
  • Governance and board diversity: strengthening trustee decision-making through inclusive representation.
  • Consolidation and superfunds: identifying opportunities, risks and oversight considerations.
  • Data and dashboards: using quality data and pensions dashboards effectively.
  • Member engagement and communications: building trust and clarity for members.
  • Technology and efficiency: improving DB operations through digital tools and automation.
Who should attend:
  • Pension scheme managers
  • Trustees
  • Administrators
  • Policy advisers
  • Consultants 
  • Lawyers
  • Corporate IFAs
  • Investment managers 
  • Actuaries
  • Financial directors 
The venue

Schroders Solutions, 1 London Wall Place, EC2Y 5AU

1K4A2045

Agenda

Chairs
Duncan Buchanan FPMI - AM Chair
Duncan Buchanan FPMI - AM Chair
PMI
Non-executive Director
Andy Hunter EPMI - PM Chair
Andy Hunter EPMI - PM Chair
Equiniti
Learning Manager
08:30 - 09:00
Arrivals, registration and breakfast
09:00 - 09:05
Welcome from the chair
Duncan Buchanan FPMI - AM Chair
Duncan Buchanan FPMI - AM Chair
PMI
Non-executive Director
09:05 - 09:40
Opening keynote: DB in a changing world – macro trends, regulatory shifts and the future role of DB schemes
David Walmsley
David Walmsley
TPR
Director of Trusteeship, Administration & DB Supervision

Join our expert speaker as they explore how Defined Benefit (DB) schemes are adapting to global economic and regulatory change. Gain insight into the evolving role of DB in today’s pensions landscape and what it means for members and sponsors.

09:40 - 10:20
Funding strategies in a post-LDI landscape – lessons from recent volatility and evolving risk frameworks
Lawrence Phillips
Lawrence Phillips
Schroders Solutions
Head of End Game Solutions

Learn how schemes are reshaping funding strategies following recent Liability Driven Investment (LDI) challenges. Speakers will share key lessons from market volatility and showcase innovative approaches to managing long-term risk.

10:20 - 10:55
Covenant assessment beyond the balance sheet – understanding sponsor strength for long-term security

Explore practical ways to assess sponsor strength that go beyond financial statements. The session will highlight how a broader perspective supports sustainable schemes and long-term member outcomes.

10:55 - 11:25
Networking break

Refreshments and a chance to exchange insights with peers.

11:25 - 12:00
Endgame readiness – navigating risks, member outcomes and operational realities
Rob Mechem
Rob Mechem
Just Defined Benefits
Director of Commercial

This session explores the key considerations that shape endgame decisions, from understanding the risks involved to the preparation needed before you begin. We will look at common bottlenecks that can affect progress and discuss how schemes can plan for them with confidence.
You will also hear about emerging innovations and process improvements that are supporting schemes on their endgame journey. The session will consider the impact on members and highlight opportunities to enhance their experience while delivering better outcomes.

12:05 - 12:40
Breakout session: Navigating surplus – legal and strategic considerations for reallocation and member benefit
Susie Daykin
Susie Daykin
Breakout Sponsor

Gain clarity on managing scheme surpluses within the legal framework. Hear expert guidance on how surplus use can support strategic aims and potentially enhance member benefits.

12:05 - 12:40
Breakout session: Diversity on trustee boards – strengthening governance through inclusive representation
Sarah Butlin APMI
Sarah Butlin APMI
Aon
Partner and Governance Lead

Explore how diversity drives stronger governance and more effective decision-making. This session will share practical steps to build inclusive trustee boards that better reflect scheme members.

12:40 - 13:40
Lunch and networking

Take a break to enjoy lunch and continue conversations from the morning.

12:50 - 13:35
Lunchtime roundtable with Spence & Partners: How under £150 million pension schemes can leverage their influence in an evolving bulk annuity market
Martyn Phillips
Martyn Phillips
Spence & Partners
Risk Transfer Lead
Helen Forrest Hall APMI
Helen Forrest Hall APMI
PMI
Chief Strategy Officer

In partnership with Spence & Partners, this interactive lunchtime roundtable will explore how schemes under £150m are attracting increased attention within the bulk annuity market. With more insurers focusing on this segment and solutions continuing to develop, what opportunities and challenges does this present for you and your scheme?
Join peers to explore what current market developments mean for schemes of different sizes, and how these dynamics could influence your endgame strategy and timing. Together, we will consider how to approach the market in a way that supports informed decision-making and positive outcomes for members.

If you are interested in joining this roundtable please fill out the form here.

13:40 - 14:15
DB consolidators – opportunities, risks and regulatory oversight
Guy Opperman
Guy Opperman
Aptia
Former Pensions, Financial Inclusion, Employment & Transport Minister
Nick Clapp
Nick Clapp
TPT Investment Management
Chief Commercial Officer / Managing Director
Andy Hunter EPMI
Andy Hunter EPMI
Equiniti
Learning Manager

Gain an informed view of the role of DB consolidators (superfunds). This session explores potential benefits, regulatory expectations, and what trustees should consider when making consolidation decisions.

 

14:20 - 14:55
Breakout session: Independent Oversight & Selection of Investment Advisers: What Trustees Need to Know Now.
Ajeet Manjrekar
Ajeet Manjrekar
Schroders Solutions
Global Co-Head of Client Solutions
IC Select
IC Select
Sponsor

As schemes navigate an increasingly complex investment landscape, the role of independent oversight in selecting and monitoring investment advisers has never been more critical. Whether appointing Fiduciary Managers (FM), Investment Consultants (IC), or OCIO providers, trustees face heightened expectations around governance, transparency, value-for-money, and alignment with long term member outcomes.
This session brings together experts to explore how independent oversight can strengthen decision making, improve adviser selection, and reveal emerging trends shaping the adviser market.

14:20 - 14:55
Breakout session: Pensions dashboards in practice: what DB schemes need to know as testing begins
Chris Curry
Chris Curry
Pensions Dashboards Programme
Principal
Adam Gifford
Adam Gifford
Pensions Dashboards Programme
Senior Pensions Policy and Proposition lead

With user testing of the MoneyHelper Pensions Dashboard about to start and activity across the wider Pensions Dashboards Programme increasing in 2026, defined benefit (DB) schemes are moving from preparation into delivery. This breakout session will give trustees and scheme managers a clear, up-to-date view of where dashboards are heading and what the next phase means for your scheme.

14:55 - 15:20
Networking break

Refreshments and a chance to exchange insights with peers.

15:20 - 15:55
DB schemes and member communications – building trust, transparency and engagement
Alexa Mitterhuber
Alexa Mitterhuber
Standard Life
Director of Defined Benefit Solutions

Periods of change can be unsettling for members of defined benefit schemes. Clear, timely and well-judged communication plays a critical role in building trust, supporting understanding and maintaining confidence. This session explores how schemes can strengthen member engagement during times of transition, including buy-in and buyout, drawing on recent member insight research and practical experience from insurance-led transitions. It will highlight what members value most, where communication can make the greatest difference, and how a people-focused approach helps members feel informed and supported.

15:55 - 16:30
Technology and DB scheme efficiency – automation, dashboards and digital transformation
Hannah Blomfield EPMI
Hannah Blomfield EPMI
Intellica
Senior Client Manager

See how technology is driving efficiency across DB schemes. From automation tools to data dashboards, explore practical ways to streamline operations and enhance reporting.

16:30 - 17:00
The future of DB regulation
Shalin Bhagwan
Shalin Bhagwan
Pension Protection Fund
Chief Actuary

A reflective closing keynote exploring the changing health of defined benefit pensions, the evolving risk landscape, and how we can support the defined benefit system as it moves into its next phase.

17:00 - 18:00
Networking drinks reception

An informal reception to close the day, with the chance to connect with peers, speakers and sponsors over drinks.

Speakers

Andy Hunter EPMI
Andy Hunter EPMI
Equiniti
- Learning Manager
Ajeet Manjrekar
Ajeet Manjrekar
Schroders Solutions
- Global Co-Head of Client Solutions

Ajeet is the Global Co-Head of Client Solutions at Schroders. He focusses on working with institutional clients to understand their specific investment and governance needs in order to design innovative solutions to achieve their investment objectives. As a qualified actuary with extensive experience in both investment consulting and asset management, Ajeet is part of the senior management team with responsibility for the quality and evolution of our client-driven services. Ajeet has also worked in Deutsche Bank’s asset management businesses. Prior to that, he was a lead investment consultant advising several of our largest defined benefit and defined contribution clients

Alexa Mitterhuber
Alexa Mitterhuber
Standard Life
- Director of Defined Benefit Solutions

Alexa is a Director of Defined Benefit Solutions in Standard Life’s pension risk transfer team. She joined Standard Life in 2024, supporting prospective and existing clients with their de-risking objectives through the origination and execution of bulk annuity transactions. Alexa has worked in pensions for just over a decade, holding a number of previous roles across both pension insurance and pensions and investment consulting.

Adam Gifford
Adam Gifford
Pensions Dashboards Programme
- Senior Pensions Policy and Proposition lead

Adam has been working in the pensions sector for over 10 years now. He joined MaPS in 2021 and is a Senior Pensions Policy and Proposition lead working on the MoneyHelper Pension Dashboard. Before joining MaPS Adam previously worked in a similar role at Fidelity International and prior to that as a chartered financial adviser specialising in at retirement advice.

Chris Curry
Chris Curry
Pensions Dashboards Programme
- Principal

Chris Curry is Industry Principal of the Pensions Dashboards Programme at the Money and Pensions Service, alongside his role as Director of the Pensions Policy Institute. He co-chaired the 2017 DWP Auto-Enrolment Review, and holds degrees in Economics from the University of Warwick and Queen Mary, University of London.

David Walmsley
David Walmsley
TPR
- Director of Trusteeship, Administration & DB Supervision

David is an advocate for diversity, equity, and inclusion; serving as Deputy Chair of TPR’s EDI Steering Committee and a Public Sector Equality Duty champion.

He is Director of Trusteeship, Administration & DB Supervision. A chartered accountant with over 20 years’ experience spanning pensions regulation, financial analysis, and corporate restructuring. David has led on strategic transformation across defined benefit schemes, trusteeship, and administration and has played a key role in the development of policy and guidance, most recently, the new DB Funding Regs, Code and accompanying covenant guidance. David has played a significant role in TPR’s transformation.

Duncan Buchanan FPMI
Duncan Buchanan FPMI
PMI
- Non-executive Director

Duncan formerly a partner of Hogan Lovells is a non-executive director at Guiide (the online holistic retirement tool) and a trustee director of Sarcoma UK (the bone and soft tissue cancer charity). A Fellow of the PMI, Duncan also chairs the pensions sub committee at Yateley Industries for the Disabled.

Guy Opperman
Guy Opperman
Aptia
- Former Pensions, Financial Inclusion, Employment & Transport Minister

Guy Opperman is the United Kingdom's longest serving Pensions and Financial Inclusion Minister from 2017-2022.
He was formerly a steeplechase jockey, a barrister, businessman and then the Member of Parliament for Hexham 2010-2024. Guy also held roles in the Home Office, Treasury, and Transport departments. He was responsible for the rollout of Defined Contribution Workplace Pensions to 8%, the reform of Defined Benefit, and multiple other reforms of our financial services from ESG to anti scam legislation. He served in the government of 4 Prime Ministers.
Since leaving politics in 2024 Guy is on a mission to change retirement savings around the world. He is a consultant to several countries and an advisor to multiple companies, notably Smart Pensions, and the Aptia Group.

Aside from politics, Guy set up and chaired from scratch the Northumberland Community Bank, a fully regulated savings and loan bank in the North East in 2015.
As a lawyer Guy was the UK 2007 Pro Bono lawyer of the Year winner, and was named by the Times newspaper as one of their lawyers of the year. He rode his last winner as a steeplechase jockey in 2019 at Sedgefield.

Hannah Blomfield EPMI
Hannah Blomfield EPMI
Intellica
- Senior Client Manager

Hannah has more than 25 years of experience and 13 years of senior leadership in the pension industry with a focus on administration, systems, and data. Pertinently, she spent almost 3 years with the boutique insurer, Lucida, as a business analyst, gaining first-hand experience of the insurance side of de-risking solutions. She was involved with buy-ins at all stages, from pricing to transaction and beyond, including managing the post-transaction regular true-up process.

The following 8 years saw Hannah involved with major data management and transformation projects at ITM, some of which featured long-term partnerships with Capita. This also encompassed managing partnerships with Trustees and their administration teams, developing data strategies to achieve their long-term objectives. Some of these objectives were in relation to data and benefit remediation, whilst others were more focused on de-risking, enabling Hannah to gain an understanding of the complete de-risking journey.

Until recently, Hannah was the Senior Client Manager for UK administration clients at CEM Benchmarking, and although Hannah spent only 18 months there, this gave her the opportunity to work with RMPP to benchmark their administration services and member experience against other UK private and public sector pension schemes. This tenure has given her invaluable insight into how the RMPP administration services are delivered and their enduring objective to provide value to members.

Helen Forrest Hall APMI
Helen Forrest Hall APMI
PMI
- Chief Strategy Officer
John Wilson FPMI
John Wilson FPMI
Aptia
- Head of Pensions Technical

John Wilson LLB (Hons), FPMI, ACII, Head of Pensions Technical at Aptia, has nearly 40 years’ experience in the pensions industry, spending 20 of them at JLT Employee Benefits where he led the in-house research function and authored a number of white papers on topics such as DB deficits and the adequacy of retirement.
He has also held roles at firms such as Dalriada Trustees, Standard Life, Aegon, Scottish Widows and Buck Consultants. He is currently the chair of the Society of Pension Professionals (SPP) and Pensions Management Institute (PMI) Scottish groups, and a member of the SPP’s Legislation Committee.

Lawrence Phillips
Lawrence Phillips
Schroders Solutions
- Head of End Game Solutions

Lawrence is Head of Endgame Solutions within our Client Solutions team.
He started his career as an actuarial consultant and now specialises in advising on and implementing investment solutions for UK DB pension schemes, with a focus on ‘endgame’ objectives.
Lawrence leads the development of Schroders’ endgame proposition, whether that’s to design investment strategy to ensure safe transfer to an insurance company (buy-out), or to continue to run a pension scheme on, either in a ‘Low Dependency’ manner or to explicitly generate and distribute surplus.
Lawrence has over 18 years of experience in the pensions industry, covering traditional actuarial consulting, investment analytics and investment advisory services including Fiduciary Management.
He is a part qualified actuary and holds a BSc in Neuroscience and Physiology from the University of Bristol.

Martyn Phillips
Martyn Phillips
Spence & Partners
- Risk Transfer Lead

Martyn has been involved and heavily focussed on the Pension Risk Transfer market since 2007. In that time, he has worked on the insurer side for around 4 years (gaining hugely valuable insights into the insurer processes, mindset and strategies), and has over 13 years of experience on the trustee advisory side.

Martyn has built and led Pension Risk Transfer teams in major Employee Benefit consultancies. He has personally led and advised on c50 transactions, covering schemes below £10m to schemes over £1bn in size, and has driven innovation in the Pension Risk Transfer marketplace, bringing a focus on pragmatic and holistic solutions whilst always maintaining a focus on key client and member outcomes required.

Nick Clapp
Nick Clapp
TPT Investment Management
- Chief Commercial Officer / Managing Director

Nick leads sales and marketing activity for all of TPT’s consolidation solutions, and also heads up TPT Investment Management, including the delivery of our fiduciary management capabilities.

He joined TPT in 2023, following eight years at Van Lanschot Kempen. Previously, he worked at Hymans Robertson and XPS, supporting large organisations with their DB and DC pension provision.

Rob Mechem
Rob Mechem
Just Defined Benefits
- Director of Commercial

Rob is the Director of Commercial for Just’s DB business. His team is responsible for business development, trustee relationships, reinsurance relationships and proposition development. Rob started his actuarial career in a small company and then qualified at Aviva where he worked on various actuarial roles for 13 years. He has been involved in bulk annuities since 2008, working on hundreds of transactions. He joined Just in 2014, leading the business development team. He qualified as an actuary in 2006.

Sarah Butlin APMI
Sarah Butlin APMI
Aon
- Partner and Governance Lead

Sarah has worked in the pensions industry for over 40 years; leading and developing Aon’s trustee board effectiveness to support clients in delivering their agenda of work in constantly evolving times.

Shalin Bhagwan
Shalin Bhagwan
Pension Protection Fund
- Chief Actuary

Shalin brings extensive pensions, insurance and investment experience having worked across the sector for many years. He started his career in South Africa in life insurance pricing and reserving and then transitioned into liability valuations for defined benefit pension funds.

In addition, he brings significant LDI, derivative and credit portfolio management experience and has advised some of the UK’s largest pension funds on their LDI strategies both as a consultant with Mercer and portfolio manager with Legal & General Investment Management..

He is a member of the advisory panel at the Financial Reporting Council and a non-executive director at Pensions for Purpose. He recently served as a member of the Institute and Faculty of Actuaries' Finance and Investment Board and as an advisory member for the task force to boost socio-economic diversity at senior levels in both the financial and professional services sectors.

Thank you to our sponsors and partners for their support

Schroders Solutions
Schroders Solutions
Host
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Intellica
Intellica
Silver Sponsor
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Aptia
Aptia
Silver Sponsor
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Spence & Partners
Spence & Partners
Roundtable Sponsor
-
Standard Life
Standard Life
Silver Sponsor
-
Just Group
Just Group
Insight Partner
-
IC Select
IC Select
Sponsor
-
Pinsent Masons
Pinsent Masons
Breakout Sponsor
-

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Highlights