AMNT Summer Conference 2019

Investing For The Future

Hosted by: Columbia Threadneedle Investments
Date and time: 4th July, 09:00 – 17:20
Location: Columbia Threadneedle Investments, 78 Cannon Street, London, EC4N 6AG.

Thank you to our host, Columbia Threadneedle Investments, and to everyone who contributed to our event.

We hope you had a great time and presentations are now available to download on our members download page.

Download

Agenda

9:00 - Arrival, registration- tea/coffee

AMNT Autumn Conference – 13th September hosted by Columbia Threadneedle Investments 1

Abishek Srivastav

Head of UK Pensions Solution at Columbia Threadneedle Investments

In this role he is responsible for collaboration with the UK pension fund community, and their advisors, and oversight of solution construction across the entire range of asset propositions.

He joined the company in 2013 as a Director in the Institutional Business Group. Prior to this, Abhishek worked at Deutsche Asset Management working with institutional investors. He has also held senior financial services consulting roles at Accenture (Frankfurt, London and New York).

Abhishek holds a Bachelor of Arts degree, with honours, in Economics from St. Xavier's College in Mumbai, and a Master in Business Administration in Finance degree from London Business School. Abhishek is IMC qualified and also holds the Award in Pension Trusteeship qualification from the PMI.

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David Weeks

Co-Chair AMNT

David Weeks was elected as Co-Chair of the Association of Member Nominated Trustees (AMNT) in 2016.

He is a director of a defined benefit pension scheme, with a leading PLC in infrastructure services as the sponsoring employer. “Engaged Investor” included him in their “Top 50 people in pensions 2017”. He is active in the affairs of the World Pensions Council, for whom he has made presentations to, and acted as rapporteur at, international conferences. Journals that have published contributions from him recently include “Revue Analyse Financiere”, “Portfolio Institutional”, “Professional Pensions” and “Pensions Expert”. He has been a judge for major UK pension awards.

In his previous career, David Weeks had experience of both public and private sectors, and of their respective pensions regimes. Most recently, he served as a consultant or executive in UK Government Departments, including Home Office, Health, Trade and Industry, and the Office of the Deputy Prime Minister. Earlier, he worked in private sector business development and marketing, and in international advertising agencies. David Weeks is a graduate in history of the University of Bristol.

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Jack Dromey MP

Shadow Minister for Work and Pensions

Jack Dromey rose to prominence during the Grunwick strike in the 1970’s. He went on to be elected the Deputy General Secretary of the Transport & General Workers Union and then the Deputy General Secretary of Unite. After being elected as Member of Parliament for Birmingham Erdington in 2010 he was appointed Shadow Housing Minister. He was instrumental in shaping Labour’s policy to build 200,000 homes a year and transform the private rented sector.

In 2013, Jack was appointed Shadow Policing Minster. Prior to the election Jack undertook a Policing tour, visiting over 50 towns and cities across the UK and formulating Labour’s Policing Pledge. In 2016 Jack was appointed Shadow Minister for Labour and in January 2018 was very pleased to become the Shadow Minister for Pensions.

At the recent General Election Jack was returned as the Member of Parliament for Birmingham Erdington with an increased majority of over 7,000. In Parliament, Jack has been a champion of Erdington and Birmingham, campaigning for a fair deal for the City and for the West Midlands Police Service.

Mark King

Columbia Threadneedle Investments

Mark King is an Investment Content Specialist at Columbia Threadneedle Investments. Before joining, Mark King was an award-winning personal finance journalist and editor. He spent more than 16 years at the Guardian and Observer, writing predominantly on personal finance and investment issues, initially at Money Observer magazine and then the main newspapers/website.

In 2013, he left the Guardian to become editor of Moneywise magazine and website, the UK’s leading consumer personal finance and investment magazine.

He has appeared regularly on BBC Radio and television and co-presented the fortnightly Moneywise show on Share Radio. He is also the author of Money Made Easy 2015-16, published by Harriman House.

AMNT Summer Conference 2019 4

Jack Dromey MP

Shadow Minister for Work and Pensions

Jack Dromey rose to prominence during the Grunwick strike in the 1970’s. He went on to be elected the Deputy General Secretary of the Transport & General Workers Union and then the Deputy General Secretary of Unite. After being elected as Member of Parliament for Birmingham Erdington in 2010 he was appointed Shadow Housing Minister. He was instrumental in shaping Labour’s policy to build 200,000 homes a year and transform the private rented sector.

In 2013, Jack was appointed Shadow Policing Minster. Prior to the election Jack undertook a Policing tour, visiting over 50 towns and cities across the UK and formulating Labour’s Policing Pledge. In 2016 Jack was appointed Shadow Minister for Labour and in January 2018 was very pleased to become the Shadow Minister for Pensions.

At the recent General Election Jack was returned as the Member of Parliament for Birmingham Erdington with an increased majority of over 7,000. In Parliament, Jack has been a champion of Erdington and Birmingham, campaigning for a fair deal for the City and for the West Midlands Police Service.

Chris Wagstaff

Columbia Threadneedle Investments

Chris has over 30 years experience of the finance and investment industries, having spent the past 25 years training, presenting, lecturing and writing on many aspects of economics, investment, pensions, risk management, asset management, governance and pension scheme trusteeship for which he is regularly featured and quoted in the pensions and investment press.

As Head of Pensions and Investment Education, Chris is responsible for raising the company’s presence and profile in the global institutional market, principally the UK pensions market, mainly through thought leadership and other generic educational initiatives. Prior to joining the company, Chris was Client Director of Cass Business School Executive Education, with responsibility for client business development and the design and delivery of bespoke pensions and investment education programmes. Prior to this he was Head of Investment Education at Aviva Investors and a Trustee Director and Investment Committee Member of the Aviva Staff Pension Scheme.

In addition, Chris is Independent Trustee Director and Investment Committee Chairman of the Merchant Navy Ratings Pension Fund and the Atkins Pension Plan, a Non Executive Director of the National Grid UK Pension Scheme, Chairman of the Threadneedle WorkSave Pension Scheme Governance Committee and a Senior Visiting Fellow, Finance Faculty, at Cass Business School, London.

Toby Nangle

Global Head of Asset Allocation, Columbia Threadneedle Investment

Toby Nangle joined the company in 2012 and is currently Global Head of Asset Allocation and Head of Multi Asset,  EMEA.  In this role he is responsible for managing and co-managing a range of multi-asset portfolios, as well as providing strategic and tactical input to the company’s asset allocation process.

Before joining the company, Toby worked at Baring Asset Management, initially in the fixed income team and subsequently as Director of the Multi-Asset Group.  He holds degrees in History and International Relations from the University of Cambridge.

AMNT - Newsletter June 2017

Toby Nangle

Global Head of Asset Allocation, Columbia Threadneedle Investments

Toby Nangle joined the company in 2012 and is currently Global Head of Asset Allocation and Head of Multi Asset,  EMEA.  In this role he is responsible for managing and co-managing a range of multi-asset portfolios, as well as providing strategic and tactical input to the company’s asset allocation process.

Before joining the company, Toby worked at Baring Asset Management, initially in the fixed income team and subsequently as Director of the Multi-Asset Group.  He holds degrees in History and International Relations from the University of Cambridge.

11:10 - Break for tea, coffee and networking

Moira O'Neill

Investing columnist at the Financial Times and Head of Personal Finance at Interactive Investor

Moira O'Neill is Head of Personal Finance at Interactive Investor where she head up publishing and communications. She is also an investing columnist for the Financial Times.

Moira has been a personal finance journalist for more than 20 years, covering all aspects of personal finance, with a special focus on investing in funds via pensions and individual savings accounts.

She has been editor of Moneywise and personal finance editor of Investors Chronicle, where she won the Harold Wincott Personal Finance Journalist of the Year award for her work in 2012.

She has also worked for Money Observer, Guardian Weekly and several specialist titles. Before starting her journalism career, she read Classics at Cambridge University.

Moira has written two books: Finance at 40 and Saving and Investing for Children and is a regular contributor to TV and radio programmes, including BBC Radio Wales, BBC1’s Right on the Money and Talk Radio.

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Bob Scott

Senior Partner, LCP

Consolidation in the DB space

Overview of this emerging industry and trustee considerations

• Background

  • –  Original policy intention was to improve outcomes for members of c2,000 “sub-optimal” mainly smaller DB schemes.Consolidation could result in better governance; greater investment opportunities; and cost savings due to economies of scale
  • –  The current players Pension SuperFund (“PSF”) and Clara Pensions have different target markets and objectives
  • –  DWP consultation on DB consolidation closed in February: awaiting response
  • –  In the meantime, PSF and Clara are “open for business” and may be targeting your schemes
  • Why might consolidation be of interest to your scheme?
    • –  Viable long-term objective (see the DB White Paper and the Regulator’s 2019 annual funding statement)
    • –  Alternative to buy-out where the employer is unable (or the parent company unwilling) to meet the full buy-out costs
    • –  Risk management: exchanging the uncertain employer’s covenant for the certainty of an (admittedly finite) financial covenant
  • What should trustees be doing in practice?
    • –  Be aware of the consolidator offerings in the same way that you keep up to date on the buy-out market
    • –  Factor the consolidator option into your journey planning
    • –  And, if you receive a proposal to enter a consolidator take advice [legal, covenant, investment, actuarial...]
  • Concerns / issues
    • –  Are my members protected if :
      • the consolidator fails?
      • the consolidator is successful but pays out dividends to its private equity backers?
    • –  Is the employer still on the hook for the S75 debt?
    • –  What does the future hold for this industry?

Jonathan Sharp

Partner, Baker McKenzie

Trustee Duties – View from the Courts & the Pensions Ombudsman

2018/2019 Court cases on trustee duties and consideration of employer’s interests

British Airways plc v Airways Pension Scheme Trustee Ltd –

settled prior to 2019 Supreme Court hearing

  • Overturning the High Court, the Court of Appeal decided in 2018 that the trustees of the BA pension scheme had not validly exercised the scheme’s power of amendment when they gave themselves a power to provide additional annual increases to members.
  • The majority view of the Court of Appeal was that the Trustees should not be giving themselves a power to design the scheme’s benefits; rather, they should be managing and administering the scheme.
  • Each of the Court of Appeal judges placed emphasis on the trustee duty to consider not only the members’ interests, but also those of the employer: “Trustees must of course balance the interests of the employer against those of the employees or former employees” and “must take the funding implications into account”.

KeyMed v Hillman

• The High Court had to consider, amongst other company-law related matters, what duty pension scheme trustees owe to their scheme employer (in this context, in relation to setting the investment strategy and scheme funding).

• The Court confirmed that trustees do not owe a fiduciary duty to the employer, as this would conflict with their primary fiduciary duty to the members. However, trustees are entitled to take into account the employer’s interests, but these are subordinate to the members’ duties and are only relevant if they do not conflict with the trustees’ primary duty to members.

• How does KeyMed sit with the BA decision (and other earlier decisions like Edge / MNRPF)? Are the earlier cases more flexible, as they potentially allowed for the employer’s interests to be taken into account to a greater extent.

David Clarke

Partner, KPMG

“Employer covenant – what is it, where is it going and what do you really need to know?”

 “Employer covenant” now sits at heart of the Pensions Regulator’s guidance on scheme funding and integrated risk management, with ever increasing levels of focus.

As the Regulator evolves and develops its guidance in advance of a new Pensions Act in 2020, this trend is expected to continue.  This break out session therefore looks at current and emerging themes through an employer covenant lens.

The session will focus on issues including:

Employer covenant - what actually is it, how do you assess it and what are the key drivers of covenant strength?

  • “Integrated Risk Management” – an area of strong focus for the Regulator, but how do you apply it practically and meaningfully in the real world? We will look at some simple tools that meet the Regulator’s requirements and enable trustees to monitor integrated risks in a straightforward way.
  • “Equitability” – the balance between scheme funding and shareholder returns. This is the front line battle in the Regulator’s current and developing guidance. What is the Regulator’s latest thinking in this area, why and when are they taking enforcement action re: equitability and what is expected of trustees?
  • The Regulator’s 2019/2020 guidance and beyond – mandatory long term funding objectives, prescribed periods to achieve the new funding targets, automatic assumptions regards declining covenant strength and gradual de-risking? Where is the guidance and new Pensions Act going, and what are trustees expected to do now?

 

 

The session will be discursive and interactive, with a brief introduction to each topic followed by an open discussion in the room.

13:00 - Lunch and networking

Danny Wilding

Partner and Scheme Actuary, Barnett Waddingham

Collective Defined Contribution (CDC) - what is it, how does it work for members and employers, and is there a place for it in the future UK pension landscape?

This session will discuss where the industry has got to with CDC schemes and how we see the future development of these schemes.

We will recap the Work and Pensions Committee report of July 2018 and the Royal Mail / Communication Workers Union proposals for a new scheme design.

We will discuss what a CDC Scheme might look like.  This includes that employer and employee contributions to CDC schemes are usually fixed, and that there is usually no formal benefit guarantee from the employer. We will discuss how collectivisation can be achieved via a range of scheme designs.

We will look at a commonly advanced key advantage over existing benefit design being CDC schemes’ ability to invest in riskier assets for longer, collectivising investment risk.

We will also discuss the proposed Royal Mail model in particular.  Under this proposal the fixed member and employer contributions are pooled, with the collective pot being invested.  Members will receive a benefit credit for each year of service, targeting a pension at normal retirement age just like in a defined benefit scheme.

Some key advantages of this model are:

  • Fixed contributions into the scheme, with no recourse on Royal Mail if these are insufficient.
  • Collectivisation of investments allows the scheme to be less risk adverse than an equivalent DC scheme, and can invest in riskier assets for longer.
  • Applying the same increases to retired and non-retired members reduces intergenerational effects.
  • Flexibility of member options.
  • Mortality risk is collectivised.

A key downside is the potential for benefit cuts, which may be difficult to explain to CWU members.  Also, as the scheme ages, it may become less able to support higher pension increases without taking on an excessive amount of risk.

We will also consider that there are a wide variety of alternative viable CDC scheme designs, depending on pension budgets, scale and membership characteristics.

We will also cover member options under CDC, including cash commutation, early/late retirement, and transfer values.

Louise Sivye

policy manager The Pensions Regulator

This session will be chaired by Louise Sivyer, Policy Principal at TPR. Louise heads the team responsible for Governance and Administration, and non master trust DC policy matters.

TPR is due to begin a consultation on The Future of Trusteeship. The aspiration is to reform the standards of trusteeship and governance so that they remain fit for purpose in the future, including encouraging the consolidation of schemes which cannot meet the required standards. DWP has also showed an interest in building scale in the DC market in its consultation at the beginning of the year.

Particular areas of interest for TPR include:

  • Diversity on trustee boards
  • Professional trustees on trustee boards
  • Minimum qualifications for lay trustees
  • Sole trusteeship models
  • Consolidation of smaller DC schemes

In this session we will be discussing the future for member nominated trustees; what challenges lie ahead and what solutions are there to overcome these?

Given the desire to raise the standards of governance so that all savers have access to well run schemes, some questions for member nominated trustees to think about include:

  • What more can be done to attract a diverse range of high quality member nominated trustees?
  • Is there more that employers can do to make being an MNT a development opportunity?
  • How can a diverse pipeline of member nominated trustees be built and maintained?
  • There is appetite to make formal learning and CPD a requirement for lay trustees. How much time can member nominated trustees reasonably be expected to spend on training and CPD?
  • How often do trustee boards discuss the option of consolidating into a bigger scheme? What holds them back?

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Joe Craig

Development Lead, Quiet Room

How do you help members avoid bad advice and scams?

In an area that’s unfamiliar or complicated, it’s almost impossible to judge whose advice you can trust. If you don’t know enough to start with, what do you have to go on when someone comes along offering to help you? This is the situation too many pension scheme members find themselves in, and it’s the area where scammers prey.

Should you be educating members to help them spot bad advice for themselves? Should you be offering stronger guidance? And if you do, how do you build your relationship with your members so that they’ll trust you over anybody else?

The increased disclosure and availability of data in recent years has enabled investment managers to gain greater insights to ESG factors that have a material impact on the financial performance of companies. This discussion will focus on how data science and cloud technology present an exciting opportunity to evolve how we integrate ESG into investment decision making using big data.

Iain Richards

Head of Responsible Investment, Columbia Threadneedle Investments

Iain Richards joined the company in 2012 and is currently Head of Responsible Investment for the Global business, and leads the strategy, development and implementation of our Responsible Investment activities.

Before joining the company Iain was Regional Head of Corporate Governance at Aviva Investors.  His career in the City has also included roles at Schroder Investment Management, the Policy Group of the UK’s Listing Authority (which encompassed the introduction of the UK’s corporate governance ‘comply or explain’ rule in 1993, post the Cadbury Code) and the London Stock Exchange.  Iain has also worked at the UK's Department of Trade and Industry (now BIS) in various roles in the European and competition policy units.

He has written papers around a range of issues including Auditing, Energy Transition, Sovereign Wealth Funds and, in 2006, on the impending risk of a systemic banking crisis.  He was responsible for leading the UK investment industry's successful lobbying to re-establish the overarching 'True & Fair View' principle of accounting in revised UK Company Law (2006). Amongst other things, he has appeared as an expert witness before the UK House of Lords Select Committee on Economic Affairs and was a Steering Committee member of the UK Investment Association’s Productivity Action Plan (‘Supporting UK Productivity with Long-Term Investment’, 2016).

Simon Howard

Chief Executive, UKSIF

Honor Fell

Lead for Responsible Investment, Redington

Emily Davies

Associate Director, River and Mercantile Solutions

Nico Aspinell

Chief Investment Officer, B&CE

15:20 - Break for tea, coffee and networking

Mark King

Columbia Threadneedle Investments

Mark King is an Investment Content Specialist at Columbia Threadneedle Investments. Before joining, Mark King was an award-winning personal finance journalist and editor. He spent more than 16 years at the Guardian and Observer, writing predominantly on personal finance and investment issues, initially at Money Observer magazine and then the main newspapers/website.

In 2013, he left the Guardian to become editor of Moneywise magazine and website, the UK’s leading consumer personal finance and investment magazine.

He has appeared regularly on BBC Radio and television and co-presented the fortnightly Moneywise show on Share Radio. He is also the author of Money Made Easy 2015-16, published by Harriman House.

AMNT Autumn Conference – 13th September hosted by Columbia Threadneedle Investments 1

Abhishek Srivastav

Head of UK Pensions Solution at Columbia Threadneedle Investments

In this role he is responsible for collaboration with the UK pension fund community, and their advisors, and oversight of solution construction across the entire range of asset propositions.

He joined the company in 2013 as a Director in the Institutional Business Group. Prior to this, Abhishek worked at Deutsche Asset Management working with institutional investors. He has also held senior financial services consulting roles at Accenture (Frankfurt, London and New York).

Abhishek holds a Bachelor of Arts degree, with honours, in Economics from St. Xavier's College in Mumbai, and a Master in Business Administration in Finance degree from London Business School. Abhishek is IMC qualified and also holds the Award in Pension Trusteeship qualification from the PMI.

Claire Cariney

Head of Investment Research, Hymans Robinson

Claire Cairney is Head of Investment Research at Hymans Robertson. Claire has over 20 years’ investment experience and is head of our Investment Research team. Claire leads on our alternative credit research and has spent the last few years focused on expanding our asset class knowledge on markets which have predominantly evolved from ongoing bank deleveraging, including corporate direct lending. Working with client consultants to develop our views on how clients can access attractive debt opportunities and working with managers to develop mandate solutions. Claire has led multiple manager selection exercise across both public and private debt markets.

Claire has been at Hymans Robertson for over 13 years. Prior to joining Hymans Robertson Claire worked at Morgan Stanley Investment Bank in a risk management function and at Abbey National as an equity dealer.

Dinesh Visvadia

Independant Trustee Services

Peter Martin

AMNT

Peter is the Investment Officer for The Medical Defence Union and has been with the MDU since 2016.  Peter is a Trustee of the MDU Pension & Life Assurance Scheme.

Peter has over 25 years' experience as a senior investment professional.  Prior to joining the MDU, Peter was previously Head of Manager Research at JLT Employee Benefits and previously worked at Aon Consulting.

Peter is widely quoted in the investment and pensions press and regularly speaks at conferences.  Peter’s investment research specialisms have included Bonds, LDI and Property.

Peter is currently a member of the Investor Committee of the Association of Real Estate Funds as well as the Management Committee for the Association of Member Nominated Trustees.  He has also been Chairman of the Professional Pensions Property Panel.

Peter was also a member of the Society of Pension Professionals (SPP) Investment Committee for many years and in addition was a member of the Investment Committee to the Pensions Board of the Institute of Actuaries.

 

Peter is a Fellow of the Institute and Faculty of Actuaries and also holds the Investment Management Certificate (IMC).

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David Weeks

Co-Chair AMNT

David Weeks was elected as Co-Chair of the Association of Member Nominated Trustees (AMNT) in 2016.

He is a director of a defined benefit pension scheme, with a leading PLC in infrastructure services as the sponsoring employer. “Engaged Investor” included him in their “Top 50 people in pensions 2017”. He is active in the affairs of the World Pensions Council, for whom he has made presentations to, and acted as rapporteur at, international conferences. Journals that have published contributions from him recently include “Revue Analyse Financiere”, “Portfolio Institutional”, “Professional Pensions” and “Pensions Expert”. He has been a judge for major UK pension awards.

In his previous career, David Weeks had experience of both public and private sectors, and of their respective pensions regimes. Most recently, he served as a consultant or executive in UK Government Departments, including Home Office, Health, Trade and Industry, and the Office of the Deputy Prime Minister. Earlier, he worked in private sector business development and marketing, and in international advertising agencies. David Weeks is a graduate in history of the University of Bristol.

Des Healy

Department for Work and Pensions: Private Pensions; DB Policy

Des joined the Civil Service in 2001 and is currently the Defined Benefit policy lead responsible for Consolidation, Employer Debt and GMP equalisation. Des is currently leading the team responsible for developing a new legislative and authorisation framework for DB consolidators following the consultation which closed earlier this year. Des joined the Private Pension team in 2016 after spending the previous 5 years working as the Departments Appeals policy lead and working on developing PIP policy. Des is married to Janine and has two boys Thomas and Jack. He also unsuccessfully manages the Stokenchurch U10 junior football team.

David Farrer

David Farrer

Senior Policy Manager at Department of Work and Pensions: Private Pensions; DC Policy

David is lead for DC investment and governance issues at DWP, and for responsible investment across DB and DC. He had worked in pensions since 2014, and has introduced regulations on the charge cap, transparency of costs, charges and investments and last year led on the regulations to clarify and strengthen trustees’ investment duties. Most recently he has worked on DWP’s proposals for investment innovation and future consolidation.

James Calverley

Policy Adviser at Department for Work and Pensions

James has worked in pension policy since 2013, and leads on decumulation and pension scam policy.

As part of the team that introduced the Pension Freedoms he has worked to introduce requirements for occupational schemes, regulations to improve valuation of benefits for the purposes of the advice requirement, and chairs a cross-government and industry working to review and understand evidence on the pension freedoms.

He is currently working with The Pensions Regulator to explore how measures equivalent to FCA’s proposals from the Retirement Outcome Review might best be applied for trust-based members.

AMNT Roundtable Discussion

Janice Turner

Co-Chair AMNT

Janice Turner is founding co-chair of the Association of Member Nominated Trustees. She helped to find the AMNT because she believed that the voices of ordinary member-nominated trustees were not being heard. For more than eight years she has been putting forward the views of trustees to the industry and the government.

Janice has been a member of the Department for Work and Pensions Trustees Panel and the Actuarial Users' Committee of the Financial Reporting Council and was a guest speaker at Harvard Law School's international pensions and capital stewardship conference. She has been named by Pensions Insight as one of the top 50 most influential people in the pensions industry.

Janice believes very strongly in the right and necessity of pension scheme trustees to take seriously the long-term sustainability of their investments. But, faced with the difficulty so many pension schemes have in adopting and implementing environmental, social and governance policies in relation to the stewardship of their investments,  she devised a new approach to ESG, called Red Line Voting.  The campaign continues with government, regulators and the pensions industry to further the rights and ability of pension schemes to direct their own stewardship policy.

Janice has appeared before the Work and Pensions Select Committee to give evidence on behalf of AMNT. She is currently a member of the Financial Reporting Council's Investor Advisory Group.

Janice's pensions background is in the defined benefit sphere, and she is a member-nominated trustee of the BECTU Staff Retirement Scheme. She has achieved the PMI Level 3 Award in Pensions Trusteeship. Janice is employed at BECTU, the film and broadcasting union, as the Editor of the union's journal Stage Screen & Radio magazine and she is also the union's award-winning diversity officer.

Your committee 1

Leanne Clements

Campaign Manager, Red Line Voting

Leanne Clements joined the AMNT as Campaign Manager for Red Line Voting in March 2017. Leanne is responsible for supporting the adoption and implementation of Red Line Voting policies, by working with AMNT and its members, fund managers, policy makers as well as other important actors in the investment chain.  Prior to this role, Leanne led the responsible investment strategies at three different UK pension schemes.  Prior to that, she worked at a corporate governance and shareholder advisory consultancy, most notably conducting voting policy generation and executing voting instructions for UK pension schemes.  Prior to her career in the UK, she worked in her native Canada as an environmental consultant for an engineering firm conducting contaminated site investigations for financial clients.

17:30 - Close, Thanks, Drinks and Canapés with hosts 

A special thank you to Columbia Threadneedle for hosting our event

And thank you to our Premier sponsors for their continued support:

2019 Pension Conference Series - Manchester
AMNT Autumn Conference – 13th September 1
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