End Game Solutions Conference 2025

End Game Solutions Conference 2025

17 September 2025 | 08:30 - 17:00
Various

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End Game Solutions Conference

Gain invaluable insights, expert advice, and practical strategies at our comprehensive training and conference event. Don’t miss this opportunity to enhance your knowledge, network with industry leaders, and hear from experts that have trodden this path with pension schemes like yours.

As a trustee or CFO, the responsibility of navigating the end game of a DB pension scheme is technically challenging and carries large risk and reward. Our upcoming event is designed to equip you with the tools and knowledge necessary to make informed decisions and implement effective strategies. This comprehensive conference brings together top experts from across the industry, including asset managers, covenant advisors, insurers, legal professionals, and consultants.

 

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    Fees

    Members: free
    Trustees (non-members): £149 (+VAT)
    CFO (non-members): £149 (+VAT)
    Consultants: £1200 (+VAT)
    Affiliate and Corporate members: £600 (+VAT)
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    In person

    event
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    10+

    speakers
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    CPD

    7

Event Details

THE BASICS

Topics of discussion:
  • Consolidation
  • Regulatory / legislative expectations of Trustees when winding up a scheme
  • Trustee Board Options in practice
Who should attend:
  • Trustees
  • CFO 
  • Consultants
  • The conference is for smaller DB schemes up to £175m of assets or 1,000 members
The venue

Schroders Solutions, 1 London Wall Place, London EC2Y 5AU ·

Agenda

More information soon.

08:30 - 09:00
Arrivals, registration and breakfast
09:00 - 09:05
Welcome
Bill Galvin
Bill Galvin
3173 Group
CEO
09:05 - 09:35
The current landscape: Setting the scene & technical analysis – exploring the options
Aoife Farrell
Aoife Farrell
Spence & Partners
Actuarial Trainee
Alistair Russell-Smith
Alistair Russell-Smith
Spence & Partners
Charity and Corporate advisory lead

The DB endgame is accelerating as regulation tightens, markets shift and new solutions emerge. This session sets the scene by exploring the current landscape, unpacking technical challenges, and offering strategic pathways for schemes at different stages of maturity.

09:35 - 10:05
Checking the route: Government's expectations of Trustees when ‘end game planning or winding up a scheme’

New legislation, including rules on surplus and the Pensions Bill, is reshaping the DB landscape. This session highlights what trustees need to know about winding up or transitioning a scheme, with practical insights into the regulatory changes and their impact on endgame planning.

10:05 - 10:40
Legal responsibilities

Trustees face growing pressure to make informed, timely decisions. This session explores key legal obligations, fiduciary responsibilities and documentation best practice, helping you manage risks across endgame strategies with confidence.

10:40 - 11:05
Morning networking break
11:05 - 11:40
From theory to reality: Implementing a run-on solution in practice
Ajeet Manjrekar
Ajeet Manjrekar
Schroders Solutions
Head of UK Client Solutions

Run-on is gaining traction as a credible alternative to buy-out for many DB schemes. This session, led by a major asset manager, will offer real-world implementation stories, governance considerations, and investment frameworks that support long-term scheme continuation.

11:40 - 12:15
The new buy-out brigade: what's their proposition

With growing competition and innovation, this session brings together insurers to explore market capacity, pricing levers and proposition differences. You’ll hear what it takes to be buy-out ready in today’s environment.

12:15 - 12:55
Picking your destination: Run-on versus Buy-out

Every scheme is different. This session compares endgame destinations, buy-out and long-term self-sufficienc, helping trustees understand the best fit for their scheme and what might trigger a change in direction.

12:55 - 13:55
Lunch and networking
13:10 - 13:55
Overcoming obstacles to end game: A practical lunchtime discussion for Trustees, Sponsors and Pensions Managers
Pete Rennalls
Pete Rennalls
PIC
Head of New Business Delivery & Solutions
Deepash Amin
Deepash Amin
PIC
Head of New Business Strategy

Join us for an engaging lunchtime session designed for trustees to discuss the common challenges slowing progress toward their endgame goals. From data quality, administrator workloads, and covenant strength to changing market conditions and government policy, we’ll explore the practical realities that many schemes face today. This session is a space to share experiences and consider new ways forward, supported by insights into the real experience on recent cases seen by PIC and how an insurer can work alongside you to develop tailored solutions and help you navigate the path ahead with confidence.

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

13:55 - 14:30
The case for alternative options: Value Share Solutions

This case study explores a value share solution that balances sponsor surplus recovery, insurer engagement and member security. It offers a template for creative thinking beyond traditional endgame models.

14:30 - 15:05
New kids on the block: meet the new consolidators

Commercial consolidators are changing the DB landscape. This session introduces emerging providers, their business models and value propositions, and examines the risks and rewards of choosing consolidation as an endgame route.

15:05 - 15:30
Afternoon networking break
15:30 - 16:05
Panel discussion: Congestion ahead - managing your endgame journey effectively
Tom Pook
Tom Pook
Spence & Partners
Head of Trustee Services
Louise Campbell
Louise Campbell
Spence & Partners
Pensions Consultant

With more schemes entering endgame and limited insurer capacity, how can you get ahead? This panel shares insights on data readiness, project planning and how to avoid delays or rejection in a crowded market.

16:05 - 16:35
The future, what next, action planning
Martyn Phillips
Martyn Phillips
Spence & Partners
Risk Transfer Lead

This closing session brings together key insights from the day and looks ahead to what’s next, including regulation, market trends and practical actions trustees can take now to futureproof their strategy.

16:35 - 17:35
Networking drinks reception

Speakers

More information soon.

Ajeet Manjrekar
Ajeet Manjrekar
Schroders Solutions
- Head of UK Client Solutions
Alistair Russell-Smith
Alistair Russell-Smith
Spence & Partners
- Charity and Corporate advisory lead

Alistair joins Spence and Partners as the Charity and Corporate advisory lead. He has more than 20 years of experience as an Actuary working for DB and DC pension schemes. In his new role, Alistair will provide advice for employers and third-sector bodies on all aspects of pension provision.

Before joining Spence, Alistair was a Partner and Head of Corporate Defined Benefit Pensions at Hymans Robertson – a position he held since 2018, having joined the business in 2000. He also led Hymans’ third sector offering and has extensive experience working with clients in the not-for-profit sector. His work focused on funding and de-risking solutions, benefit strategy, and more sector-specific issues like managing participation in multi-employer pension schemes.

In recent years, he has advised corporates on DB consolidation options including transferring to commercial consolidators and DB master trusts. He also worked with corporates on their DB funding approaches in light of the new DB funding regime. Alistair’s strength lies in his profound understanding of the intricacies of the financial industry, coupled with a keen insight into the dynamics of the not-for-profit sector.

Aoife Farrell
Aoife Farrell
Spence & Partners
- Actuarial Trainee

Aoife is an Actuarial Trainee at Spence & Partners. She qualified as an Associate of the Institute and Faculty of Actuaries (AIA) in 2022, and is studying towards the Fellowship qualification. 

With 3 years’ experience in the Risk Transfer field, Aoife has gained valuable hands-on experience working with Schemes on their journey to buyout.

Aoife’s expertise extends to Enterprise Risk Management, and she is currently working towards attaining the Certified Risk Enterprise Actuary (CERA) qualification.

Bill Galvin
Bill Galvin
3173 Group
- CEO

Bill joined 3173 Limited (“The Group”) as Chief Executive Officer (“CEO”) on 1 March 2024.
His role as CEO supports the continuing strong growth of the leading UK pension governance, advisory, investment and technology Group which includes the Dalriada Trustees, Spence & Partners and Mantle businesses.

Bill previously served as CEO of USS (the UK’s largest pension scheme) for over a decade. During his time as CEO, Bill built a high-performing executive team, and steered the scheme through very challenging circumstances. Under his charge, USS created significant value for members: introducing an innovative hybrid pension offering, building a sector-leading in-house investment team, and creating a pension administration function that receives excellent ratings for service levels and decision support. Prior to joining the USS, Bill spent almost five years at the Pensions Regulator, latterly as CEO, where he was responsible for the efficient regulation and supervision of the UK pension market notably during the launch and introduction of auto enrollment in 2012.

Bill is experienced operating at board level, with over 13 years as a CEO leading, structuring and changing complex organisations. He brings a facilitative but highly effective leadership style. He is skilled in grappling with challenging trade-offs, making decisions and delivering outcomes in complex public and private sector environments.

Bill is also a Council Member for the Institute for Fiscal Studies and a Governor of the Pensions Policy Institute. He has previously served on the Boards of the Pensions Advisory Service, The Solicitors Regulation Authority, and the European Insurance and Occupational Pensions Authority.

Deepash Amin
Deepash Amin
PIC
- Head of New Business Strategy

Deepash joined PIC in 2021. He has over 18 years’ experience working in the pensions industry specialising in de-risking solutions for defined benefit schemes.
Deepash has led or been involved in a number of successful transactions of varying sizes and structures, both in an advisory capacity, and a deal origination structuring capacity. This includes PIC’s £6.5bn transaction with RSA.

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.

Louise Campbell
Louise Campbell
Spence & Partners
- Pensions Consultant

Louise is a Pensions Consultant at Spence & Partners Limited with over thirty years’ experience working in the pensions industry. Louise works closely with trustee boards and employers, and believes in developing strong working relationships, liaising effectively with internal colleagues and external advisers to deliver to agreed timelines.

Louise’s experience within pensions management, corporate trustee company secretariat and consultancy working with both large Defined Benefit and Defined Contribution pension schemes assists greatly in her role as a consultant. She has led the successful delivery of large projects; scheme communications and scheme change initiatives and strongly believes that good governance is the main building block to successful scheme and member outcomes.

Louise started her career in the pensions industry in 1989. She worked in pensions administration within three major benefits consultancies until 1999 working across a portfolio of Defined Benefit & Defined Contribution schemes. She then took on the role of Pension Scheme Manager and Company Secretary to Corporate Trustee Boards of large Defined Benefit and Defined Contribution Schemes, moving then into Consultancy in 2016.

Louise is a Fellow member of the Pensions Management Institute (FPMI) and is an Accredited Professional Trustee (APPT).

Pete Rennalls
Pete Rennalls
PIC
- Head of New Business Delivery & Solutions

Pete joined PIC in 2011and is responsible for leading the delivery of all aspects of new business, ensuring both Trustees and their members have a smooth journey to buy-out.
Since joining PIC, Pete has overseen over 250 transactions, covering 300,000 members with assets of over £45bn.

Tom Pook
Tom Pook
Spence & Partners
- Head of Trustee Services

Tom entered the pensions industry in 2001 and prior to joining Spence worked for a major employee benefits consultancy for over 13 years, leading teams focussing on pension projects for DB and DC schemes.

Tom is a Fellow of the Pensions Management Institute, and a member of Spence’s senior leadership team. As well as leading Trustee services Tom manages Spence’s relationship with the Pension Protection Fund.

Thank you to our sponsors and partners for your support

Spence & Partners
Spence & Partners
Platinum Sponsor
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Schroders Solutions
Schroders Solutions
Host
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Pi Partnership
Pi Partnership
Insight Partner
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PIC
PIC
Roundtable Sponsor
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