Annual Conference 2025

Annual Conference 2025

05 June 2025 | 8:30 - 17:30

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PMI's Annual Conference 2025

The Annual Conference 2025 is a flagship event of the PMI, bringing together leading experts, policymakers, and industry professionals to explore the most pressing issues shaping the future of pensions. Taking place on 5 June 2025 in the heart of London, the conference offers a full day of thought provoking keynote speakers, panel discussions, and breakout sessions on topics such as regulatory developments, responsible investment, financial literacy, and innovation in pension scheme management. Designed to inform, challenge, and connect the pensions community, the event is an essential gathering for anyone involved in the delivery, governance, or strategy of workplace pensions.

Please find our events cancellation policy here.

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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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    10+

    speakers
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    CPD

    7 hours
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    Future dates

    11 June 2026 - save the date!

Event Details

THE BASICS

Topics of discussion:
  • Industry aims and expectations
  • Dashboard implementation
  • Managing currency risk
  • Economic value of protecting nature
  • Financial literacy
  • UK pensions landscape
  • Cyber security and pension fraud
Who should attend:
  • Pension scheme managers
  • Trustees
  • Administrators
  • Policy advisers
  • Consultants 
  • Lawyers
  • Corporate IFAs
  • Investment managers 
  • Actuaries
  • Communication professionals
  • Scheme secretaries
  • Financial directors 
  • HR representatives
The venue

Convene, 4th Floor, 22 Bishopsgate, London EC2N 4BQ

DSC00472

Agenda

8:30 - 9:00
Arrivals, registration and breakfast
9:00 - 9:05
Welcome from the PMI
Robert Wakefield FPMI
Robert Wakefield FPMI
PMI
President

We will kick off the event with a welcome address, emphasising the importance of pensions professionals connecting, sharing insights, and collaborating to drive the industry forward.

09:05 - 09:40
Clear vision for the future of pensions
09:40 - 10:15
Regulating in a time of change: The Pensions Regulator’s priorities
Nausicaa Delfas
Nausicaa Delfas
The Pensions Regulator (TPR)
Chief Executive

As the government sets out a pensions reform agenda, hear from the Pensions Regulator’s CEO Nausicaa Delfas about how TPR sees the pensions landscape evolving and what the Regulator will be doing to raise standards of trusteeship, drive value for money and help make sure that pensions work for everyone.

10:15 - 10:50
Currency matters. Reducing portfolio risk, and improving portfolio returns, by managing “uncompensated” risk
Bruce D George, CFA, CAIA, Chartered MCSI, EPMI
Bruce D George, CFA, CAIA, Chartered MCSI, EPMI
P/E Investments LLC
Partner, Investor Solutions

We are currently living through unprecedented levels of global volatility and yet UK portfolios, invested globally, don't pay much attention to the fact that they typically see between 20% and 40% of their annual risk “budget” being consumed by foreign exchange volatility. This session explores current market views and case studies to demonstrate the significant impact of FX risk on overseas investments over the last 20 years, and identify methods to transform this risk into potential profit opportunities that can be used to improve cashflow, and improve outcomes for savers.

10:50 - 11:20
Networking break
11:20 - 11:55
Unlocking bulk annuities: Mastering data preparation for a seamless transaction
Mark Adamson
Mark Adamson
Lumera
Commercial Director, UK
Darren Blount
Darren Blount
Lumera
Chief Independent Consulting

Data quality is the biggest roadblock to securing a bulk annuity deal. Poor data leads to delays, increased costs, and missed opportunities. During this session, we will discuss how to help schemes navigate this complex process efficiently, ensuring that data preparation becomes a strategic enabler for successful buy-in and buy-out deals, rather than a hurdle.

12:00 - 12:35
Breakout session: Beyond climate change risk: Biodiversity and the economic value of protecting our planet
Dr Ellen Quigley
Dr Ellen Quigley
University of Cambridge
Special Adviser (Responsible Investment) to the Chief Financial Officer, Principal Research Associate

PMI and the University of Cambridge examine the financial value of biodiversity and the economic risks of environmental degradation. This session will highlight why protecting nature is not just an ethical imperative but a crucial factor in long-term economic stability.

12:00 - 12:35
Breakout session: Private Markets

This session examines the key lessons and strategies from global markets on investing for scale. Further details will be shared once the session content is confirmed.

12:35 - 13:35
Lunch and networking
12:50 - 13:35
Lunchtime roundtable with Standard Life

More details coming soon.

13:35 - 14:10
Navigating the UK investment landscape: Opportunities and challenges

The market is innovating and new investment opportunities are emerging. And the UK Government is keen to see institutional investors supporting the UK growth agenda. This session dives into the opportunities and obstacles in the investment landscape, offering an in-depth look at emerging market trends and the factors shaping the future of investing in the UK.

14:15 - 14:50
Breakout session: The hardest problem in finance? Engaging the unengaged
Oliver Morley
Oliver Morley
Money and Pensions Service
CEO

Ensuring UK savers have the knowledge and support they need to make informed financial decisions is more critical than ever. This session will explore the evolving landscape of financial literacy, advice, and guidance, highlighting the role of policymakers, educators, and financial service providers in improving retirement outcomes.

14:15 - 14:50
Breakout session: Cyber security and pension fraud - strengthening defences in a digital age

As the pensions industry becomes increasingly digital, the risks of cyber threats and pension fraud continue to grow. This breakout session will explore the latest developments in cyber security, fraud prevention, and regulatory expectations, equipping trustees, administrators, and providers with the tools to safeguard member assets and data.

14:50 - 15:20
Networking break
15:20 - 15:55
From lifeboat to ocean liner: A Fireside discussion with the PPF
Kate Jones
Kate Jones
Pension Protection Fund
Chair
Michelle Ostermann
Michelle Ostermann
Pension Protection Fund
CEO | Chair, International Centre for Pension Management
Ruston Smith FPMI
Ruston Smith FPMI
PMI
Chair

Join us for an exclusive fireside chat with Michelle Ostermann, CEO of the Pension Protection Fund (PPF), and Kate Jones, Chair of the PPF, as they share their perspectives on the evolving UK pensions landscape. In this engaging conversation, they will discuss where the industry stands today and can be further strengthened, the impact it has protecting members, and the PPF’s strategic vision for the future. With their leadership perspective, this session will offer a dynamic discussion on key challenges, opportunities, and the PPF’s role in shaping the future of pensions.

15:55 - 16:30
Keynote: Navigating risk, leading change: Lessons from the cockpit to the boardroom
Jo Salter MBE
Jo Salter MBE

Jo Salter MBE brings a unique perspective on leadership, risk management, and resilience - qualities that resonate deeply with those guiding the future of pensions. As Britain’s first female fast jet pilot, Jo mastered high-stakes decision-making under extreme pressure, a skillset she later applied as a business leader at PwC and as a trustee at the RAF Club. Her keynote will explore the human side of long-term planning, drawing parallels between aviation, corporate governance, and pensions. With a focus on sound judgment in uncertainty, Jo will share insights on navigating complexity, adapting to change, and building trust - essential traits for pension professionals shaping the financial security of millions.

16:30 - 17:30
Networking drinks reception

Speakers

Hear from the experts...

Dr Ellen Quigley
Dr Ellen Quigley
University of Cambridge
- Special Adviser (Responsible Investment) to the Chief Financial Officer, Principal Research Associate

Dr Ellen Quigley is a Principal Research Associate, the Co-Director of Finance for Environmental and Social Systemic Change, and the Special Adviser (Responsible Investment) to the Chief Financial Officer, all at the University of Cambridge. Her work centres on the mitigation of climate change and inequality through the investment policies and practices of institutional investors. She is from Saskatoon, Saskatchewan, Canada, and holds an AB in English literature from Harvard College, an MSc in Nature, Society, and Environmental Policy from the University of Oxford, and a PhD in economics education from the University of Cambridge. Her article, Universal Ownership in Practice: A Practical Investment Framework for Asset Owners, won the GRASFI Paper Prize for Potential Impact on Sustainable Finance Practices in 2020.

Dr Jo Salter MBE
Dr Jo Salter MBE
- Britain's First Female Fast Jet Pilot

Jo Salter is famed for becoming the first female fast jet pilot, having flown the Panavia Tornado ground attack aircraft during her services in the Royal Air Force. Joining the RAF aged 18, Jo has since taken Air Cadets into the skies as part of Air Experience Flights and become the Director of Global Transformative Leadership for PWC. Having developed first-class expertise in leadership, analytical thinking and performing under pressure, Jo is now a highly sought-after public speaker to share stories from her time in the skies.

Aged 18, Jo joined the Royal Air Force and began her studies at the Royal Military College of Science. Initially passionate to become an engineering officer, Jo’s decisions made a U-turn when it was announced that women would be allowed to pilot jet aircraft. In 1992, Jo earned her wings to fly and she later completed her fast jet training at the end of the year. Becoming a Flight Lieutenant of 617 Squadron, Jo went on to claim the title of the first female fast jet pilot. Since then, Jo has piloted flights in the Air Cadets Air Experience Flights and inspired countless budding armed service members to pioneer a male-dominated sector. Since leaving the military behind, Jo has established a strong business career working in roles such as Head of Technical Services for NetConnect, European Operations Manager for Automated Power Exchange and Managing Director of Saltin Ltd.

Jo is a passionate Trustee of The Royal Air Force Club and an Ambassador of the Global Angels charity, an organisation that gives communities around the world access to clean water, education, healthcare and encourages female and youth empowerment. Jo has also authored two books, titled Energy: 52 Ways to Fire Up Your Life and Become an Energy Angel and Energize: Spring Clean Your Mind and Body to Get Your Bounds Back Today and Every Day. In recognition of her achievements throughout her career, Jo has also been named as one of the 50 Most Inspiring Women in the World by Harpers & Queen. She is the former Director of Global Transformation Leadership at PWC, after working in other roles such as Director of Risk Technology Strategy, Director Chief of Staff to Head of Technology & Investments and the Director of People & Organisations. In 2022, Jo was invited personally by Tom Cruise to attend the premiere of Top Gun: Maverick.

Bruce D George, CFA, CAIA, Chartered MCSI, EPMI
Bruce D George, CFA, CAIA, Chartered MCSI, EPMI
P/E Investments LLC
- Partner, Investor Solutions
Darren Blount
Darren Blount
Lumera
- Chief Independent Consulting

Darran has over 35 years’ experience in UK pensions, specialising in solutions that combine data quality and technology. He leads our independent consulting business, with a focus on helping clients use better quality data to support strategic outcomes such as de-risking, improved automation, and better service delivery.

Helen Forrest Hall APMI
Helen Forrest Hall APMI
PMI
- Chief Strategy Officer
Kate Jones
Kate Jones
Pension Protection Fund
- Chair

Kate’s career spans senior investment leadership and board roles in the financial services industry including JP Morgan, BlackRock, Schroders and M&G.

She began her career as a portfolio manager at Prudential M&G before playing an instrumental role in the growth of BlackRock’s Solutions business where she built and led the portfolio management function with responsibility for over £300 billion of assets.

Kate has been a non-executive director of the Pension Protection Fund since 2016, becoming chair of the Board in 2021.

Kate is non-executive chair of JP Morgan Funds Limited. Prior roles have included trustee and chair of the investment committee for Smart Pension Master Trust and director of Blackfinch Spring VCT and also chair of trustees of financial education charity, Redstart Educate.

Working with senior executives in multiple sectors across the UK, Kate is also the co-founder of executive coaching business &become.

Michelle Ostermann
Michelle Ostermann
Pension Protection Fund
- CEO | Chair, International Centre for Pension Management

Michelle Ostermann is recognised as a thought leader in the pensions industry, having contributed significantly to the global landscape. She is well recognised as an inspirational leader and excellent communicator and very passionate about the growing and important role asset owners play in financial systems. Her extensive global network gives her an exceptionally broad perspective on best practices and trends. She is best known for her experience in governance, strategy and risk management. Throughout her career she has developed a track record of transforming businesses and cultures.

Michelle joined the Pension Protection Fund as CEO in April 2024 and has been the Chair of the global pension industry association, International Centre for Pension Management (ICPM), since January 2024. She has over 30 years of experience in the global pensions and investment industry and has held senior positions at several leading firms in Canada and the UK.

Michelle was Managing Director at Railpen Investments in the UK where she was ultimately responsible for the £30 billion railway workers’ pension fund. Most recently Michelle was the Senior Vice President and Global Head of the $120 billion Capital Markets team at PSP Investments, the fourth largest pension fund in Canada.

Mark Adamson
Mark Adamson
Lumera
- Commercial Director, UK

Mark leads Lumera’s UK sales team, driving long-term partnerships and delivering future-proof technology and data services. With a strong focus on end-customer service and digital experience, Mark collaborates closely with clients to create solutions that address the evolving needs of the life and pensions industry and its customers.

Mark has worked in the pensions industry for over 30 years, in a range of businesses specialising in outsourced administration, pensions systems and data, within all of which he held director-level roles. Mark was also a founding director of PASA and his innovative insights are built upon his wealth of experience.

Nausicaa Delfas
Nausicaa Delfas
The Pensions Regulator (TPR)
- Chief Executive

Before joining TPR in 2023, Nausicaa Delfas was Executive Director, Governance, at the Financial Conduct Authority (FCA). Until October 2022, she was Chief Executive Officer and Chief Ombudsman of the Financial Ombudsman Service (interim), clearing its backlogs and spearheading its strategic, operation and digital transformation, resetting the organisation for the future.
Before that, as Executive Director of International, she was responsible for the FCA’s international and Brexit strategy and delivery. She has also served as the FCA’s Chief Operating Officer and previously held senior roles at the FCA and FSA, including in Supervision. Enforcement, Risk and Policy, across retail and wholesale sectors.
She has led innovative and complex transformational initiatives, driving changes in regulation and culture. Before joining the FSA, Nausicaa trained and qualified as a solicitor at City law firm Freshfields in London.

Oliver Morley
Oliver Morley
Money and Pensions Service
- CEO

Oliver Morley is CEO of the Money and Pensions Service and joined us on 1 February 2024.

Oliver brings a blend of senior private sector experience at Reuters combined with a unique record of change leadership as a CEO in the public sector. In his time running the Pension Protection Fund, reserves doubled from £6 to 12 billion and the PPF levy on pensions fell by 80%. At DVLA, both the tax disc and the driving licence counterpart were abolished, with fees cut for the first time and innovative digital services from a newly insourced IT team. As Keeper of The National Archives, he delivered the successful launch of the 1911 census and legislation.gov.uk. He has been awarded a CBE for his contribution to digital public services.

Oliver is committed to seeing MaPS reach its full potential “to help people, particularly those most in need, to make the most of their money and pensions.” His established relationship with key pensions industry stakeholders will support the team as we deliver the Pensions Dashboards Programme, with it now on track to the October 2026 target date.

Robert Wakefield FPMI
Robert Wakefield FPMI
PMI
- President

Thank you to our sponsors and partners for their continued support

P/E Investments
P/E Investments
Gold Sponsor
-
London Stock Exchange Group
London Stock Exchange Group
Co-Gold Sponsor
-
Cordiant
Cordiant
Co-Gold Sponsor
-
Lumera
Lumera
Silver Sponsor
-
Standard Life
Standard Life
Lunchtime Roundtable Sponsor
-
Alexander Lloyd
Alexander Lloyd
Exhibitor
-
Portfolio Institutional
Portfolio Institutional
Media Partner
-
Savvy Investor
Savvy Investor
Media Partner
-
AMNT
AMNT
Media Partner
-

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