With DB schemes in deficit and sponsors under pressure to increase contributions, finding ways to create extra value is a real win-win for sponsors, trustees and members. As such, there is a clear drive in the industry to improve value for money, with the new DB Chair's Statement likely to require schemes to demonstrate how they are achieving this.

In parallel we are seeing very attractive buy-in pricing at the moment and new DB consolidators coming to the market, opening up new opportunities to settle DB liabilities.

In this seminar we'll explore the drivers for value creation in DB, what the concept actually means beyond just reducing running costs, and innovative ways in which trustees and sponsors can maximise value throughout their strategy in order to improve security for members.

Experts will discuss:

• Long term objectives - reviewing your target in light of new emerging end-game solutions; covering risk transfer to the insurance market or to a consolidator, or running off in the fund
• Maximising efficiency - innovative funding and investment strategies to make every pound in your portfolio go further
• Operational effectiveness - emerging solutions and tactics to reduce running costs and optimise your governance arrangements