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 To view a presentation click on the 'PPT' icon underneath the time.
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09.00
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Welcome
Angelien Kemna, Chief Investment Officer and member of the Board APG, the Netherlands
Dick Sluimers, Chairman of the Board, APG, The Netherlands
Wolf Thiel, President and Chairman, VBL; Chairman and member of the Board of Directors EAPSPI, Germany |
09:15 |
Keynote opening address - The role of public pension funds
Keynote speaker: Guy Verhofstadt, Former Prime Minister, Belgium |
09:45 |
Legislative and regulatory issues
Talk about how restructuring public pension funds is proceeding in several European countries.
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What is going on in these countries?
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Is there a future for lower government pension funds?
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Are pension promises still necessary in today’s labour market?
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Must public pension funds adapt to trends in private pension funds?
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Is there scope for co-operation between public pension funds?
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Are European public procurement rules an obstacle?
Panel members:
Leonardo Sforza, Head of European Affairs and Research, Aon Hewitt
Tiina Tarma, Legal Advisor, Valtion Eläkerahasto/The State Pension Fund, Finland
Nick Greenwood, CEO, Royal County of Berkshire Pension Fund, UK
Olaf Sleijpen, Division Director Pension Supervision, DNB; Professor, Maastricht University, Netherlands
Moderator:
Jaap Maassen, Senior Vice President International Affairs, APG, The Netherlands |
10.30 |
Coffee |
11.00
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Keynote -
Public Pensionfunds: In and after the crisis
Xander den Uyl, Vice-Chairman, ABP, The Netherlands |
11.30
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Dealing with underfunding in a public pension fund
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White Paper (click to view) - Funding of Public Sector Pension Plans - International Evidence
Underfunding is often a trigger for discussions of public sector pension funds. The speakers will discuss the following searching questions:
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Is underfunding a meaningful concept for public pension funds?
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What if sponsors force pension funds to finance politically inspired projects?
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What are the options when a public pension fund is underfunded?
Eduard Ponds, Professor, University of Tilburg, The Netherlands |
11.50 |
Sustainability and Governance
There is evidence that the long term profitability of a company is linked to its ESG standards.
• Can superior ESG contribute to sponsor and customer satisfaction?
• Should a fund be 100% ESG?
• How to implement ESG into all asset classes?
Panel members:
Michele Guerrieri, Sales Manager, PensPlan Invest, Italy
Philippe Desfossés, CEO, French Public Service Additional Pension Scheme, France
Claudia Kruse, Head of Governance & Sustainability, APG, The Netherlands
Moderator: Mariska van der Westen, Editor, IPN, UK |
12.30 |
Lunch |
13.30 |
The benefits of cooperation – better scale or more bureaucracy?
Michael Atzwanger, Managing Director, Alpenbank AG, Italy |
14.00
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Fiduciary management – balancing technology with responsibility
Fiduciary management is another option for public pension funds.
• Is it also a solution?
• How does it work?
• What are the major misunderstandings?
• Is it possible across borders?
• How about conflicts of interest?
Panel members:
Nigel Birch, Director, Spence Johnson, UK
Bjørn Hamre, Director, KLP, Norway
Edward Snieder, Partner, KPMG, The Netherlands
Johannes Ziegelbecker, Member of the Executive Board, Bundespensionskasse, Austria
Moderator: Liam Kennedy, Editor, IPE, UK |
14.45 |
New territories and new pension systems need new pension funds.
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What if benefits start right away and assets have not yet been collected?
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Can new plans only be DC?
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How do you get qualified governance?
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Can government-controlled pension funds invest in equity, yet not exercise ownership rights?
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Do governments allow enough freedom to invest in other countries?
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What is the role of new funds in the development of local financial markets?
Panel members:
Marijus Kalesinskas, Chairman, Lithuanian Association of Pension Fund Participants
Janko Trenkoski, General Manager, KB First Pension Company, Macedonia
Hagen Hügelschäffer, Member of the Board, EAPSPI, Germany
Moderator: Jim Robinson, Editor IPE.com, IPE, UK |
15.30 |
Tea |
16.00
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Public pension plan design: DB and DC – solution or different problems?
Another option, going from DB to DC, is often mentioned as a solution.
• What problems does it solve?
• Does it introduce new problems?
• Where does it leave the lowest paid workers?
• Are there other design alternatives?
Adri van der Wurff, Member of the Board, APG, The Netherlands |
16.30 |
Keynote - Challenges facing collective pension provision in the public sector
Keynote speaker: Lord Hutton of Furness, Chairman of the Independent Public Service Pensions Commission, UK |
17.00 |
Open Forum – wrapping up
Interactive session: comparing options, sounding out ideas and interviewing the public.
Moderator: Peter Kraneveld, International Pension Advisor, PRIME, the Netherlands |
17.15 |
Close of meeting |
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