Building Tomorrow's Retirement Security Today
EVENT OVERVIEW
As defined contribution pension schemes increasingly become the primary vehicle for retirement security in the UK and across the globe, the need to optimise their design and investment strategies has never been more critical.
The DC Growth & Retirement Summit convenes leading pension providers, practitioners, and policymakers to tackle the fundamental challenge: how do we create high-performing retirement systems that deliver real value throughout members’ careers and into retirement?
We will examine the essential design of successful DC plans, from ensuring adequate contributions to maximising investment returns during the crucial accumulation phase and enabling seamless transitions into retirement, all ensuring that pension assets work harder for savers.
There will be a particular focus on the Government’s Mansion House agenda and the growing emphasis on private markets as a vehicle for boosting long-term returns while maintaining prudent risk management.
In the retirement phase, experts will discuss optimal default solutions which combine both growth and security while confronting the growing reality of extended lifespans and the longevity risks they present. Together, these building blocks form the foundation upon which millions of workers will depend for their financial security, making our deliberations not just timely, but essential for shaping a more prosperous retirement landscape for generations to come.
The conference will be highly interactive, with open, thought-provoking debate, encouraging participants to engage actively throughout.
EVENT INFO
VENUE
The DC Growth & Retirement Summit will be held at the Banking Hall in London.
Attendance to the event is FREE for pension funds, employers, government representatives.
There is a modest fee for asset managers and consultants. You can contact us if you have any queries.
CPD
This event qualifies for 6 hours and 40 minutes of CPD credit. You can request CPD credit for the event when you register.
AGENDA
09:00 - 09:30
Registration & Refreshments
Networking Activity | Foyer | 09:00 – 09:30
Devil’s Advocates Panel

Mark Tennant, Trustee, Country Landowners Pension Fund
Our morning Devil’s Advocates will challenge speakers with incisive questions throughout the sessions and present their key reflections and takeaways just before lunch.
Robert Branagh

Trustee Director
Creative Master Trust
Robert is a pensions professional with an extensive business background, largely in outsourcing and financial services. He has worked for trustee, not for profit, private equity owned, and insurance businesses over the last 30 years.
Robert helped transition the Office of the Paymaster General from a public to a private sector outsourcing business in the late 1990s and worked with Cabinet Office to establish the joint venture which became My CSP. He has also managed the back office or pension functions for several large pension schemes, including the NHS, Civil Service, Royal Mail Statutory scheme, and the Railways Pension Scheme.
Until October 2024, Robert served as the CEO of the London Pensions Fund Authority, a £6.5bn fund within the LGPS. He is also a Non-Executive Director at the Local Pensions Partnership Administration limited and the Ministry of Defence, where he chairs the Armed Forces Pension Schemes. He is also a Trustee of the Creative Pensions Trust Master trust and a Governor of the Pensions Policy Institute.
He is a frequent speaker at pensions and employee benefits events and is a regular contributor to the UK pensions industry press. He is a Fellow of the Pensions Management Institute and has been both Chair and President during his service there. He is also an Accredited Member of the Association of Professional Pension Trustees.
Fiona Brown

Group Head of Pensions
Rolls-Royce
Fiona is currently Group Head of Pensions & Benefits at Rolls-Royce Plc. Her role is a hands on one in the UK, with fiduciary and strategic responsibilities outside the UK. Fiona is also global lead on Financial Wellbeing strategies. Fiona has previously held in house Pensions and Reward lead roles at Thomas Cook Plc and Electricity North West.
Prior to her in-house roles, Fiona spent 14 years at the Big 4, in consultancy roles. Fiona’s passion is financial wellbeing, improving general numeracy skills and better supporting people in making effective short and long term financial decisions.
Mark Tennant

Trustee
Country Landowners Pension Fund
Mark Tennant is a Trustee of the Country Landowners Pension Fund, a Trustee of the Royal Hospital Chelsea and a Non-Executive Director of the Unit Trust of India International. He also leads a charity devoted to stopping young offenders from reoffending.
He was until recently the Chairman of Centrica Pension Funds, and Chairman of Scottish Land and Estates, after spending 28 years with J.P. Morgan Chase as a Senior Adviser, and CFO of the Global Custody Division.
Prior to that, Mark was at Hill Samuel, Fidelity and Hambros Bank, and served as the Conservative Party candidate against Gordon Brown in 1992 and against Winnie Ewing for the European seat of the Highland and Islands in 1994.
In the late 80’s, Mark served as the Treasurer for the Conservative Party for Scotland, and the Treasurer for the Better Together Campaign under Alistair Darling in 2014. He also served seven years in the Scots Guards, spent a year nursing in India, and is an Officer of the Queen’s Bodyguard in Scotland.
Away from work, his main interests are history, travel and Scottish music, particularly the Highland Bagpipe, which he plays.
09:30 - 09:45
Welcome & Introduction
Opening Remarks | Auditorium

Event Chair:
David Porter
Head of Investment Delivery
People's Pension

Programme Director:
Stephen Glover
Founder & Director
SG Pensions Enterprise
09:45 - 10:15
From Turner to Tomorrow – The Evolution & Future of DC Pensions
Keynote Presentation | Auditorium
Join Andy Cheseldine from Capital Cranfield, as he charts the evolution of DC pensions from the roots of the Turner Report to today’s fast-consolidating landscape. With sharp insights into regulatory shifts, market concentration, and future reform, this keynote will challenge seasoned DC professionals to rethink the next chapter of UK retirement provision.
Andy Cheseldine

Professional Trustee
Capital Cranfield Trustees
Andy joined Capital Cranfield in 2017. Before joining, Andy acted as an adviser to trustees and employers at Watson Wyatt, Hewitt Bacon & Woodrow and latterly as a partner at LCP.
In 2017, he was appointed Chair of Trustees to Smart Pension’s Master Trust, followed by the Lewis Workplace Pension Trust, followed by BOC RSP, the Yorkshire & Clydesdale Bank DC Scheme and Mizuho International DB Scheme. He also acts as Co-Trustee for HSBC’s Master Trust, and the PMI DB Scheme.
Andy was elected to the PLSA’s DC Council between 2013 and 2018, and now chairs the Pension Quality Mark Standards Committee and the Small Pots Coordination Group, as well as sitting on the DC Asset Security Working Group and PASA’s DC Governance Group.
From Turner to Tomorrow – The Evolution &
Future of DC Pensions
Keynote Presentation
Session Description
As DC schemes become the main pillar of UK retirement provision, this keynote charts their evolution – from early occupational models like the Chatham Chest in 1590 to the seismic shifts triggered by DB de-risking in 2004 and auto-enrolment in 2012.
Drawing on the original Pensions Commission’s 2005 “Turner Report,” which called for simplification, sustainability, and a new national savings scheme, our speaker will revisit its legacy and propose a fresh brief for today’s challenges. Yet decades after “Pension Simplification,” the system is more complex than ever – with over 40 non-State pension designs spanning DB, DC, CDC, hybrids, and variable tax regimes. As 1,500 stand-alone DC schemes consolidate and only 15 master trusts remain open to merger, the market is reshaping fast. Member-level pot consolidation is accelerating, and suppliers – particularly administrators and investment managers – face a radically changing landscape.
Fewer, larger schemes mean fewer mandates, greater reliance on passive strategies, and intense competition for active allocations. Against this backdrop, the session explores the scope of a potential new Pensions Commission, the structural tensions in the DC sector, and how the industry might adapt to a fragmented yet converging future.
Speakers in this Session

Andy Cheseldine, Professional Trustee, Capital Cranfield Trustees
10:15 - 10:55
Savings Adequacy - Confronting DC Pensions' Biggest Challenge
Panel Discussion | Auditorium

Panel Moderator:
David Porter
Head of Investment Delivery
People's Pension
This panel tackles the urgent challenge of savings adequacy in DC pensions, exploring realistic levers for improving outcomes and practical solutions to overcome the financial and behavioural barriers facing members.
Savings Adequacy - Confronting DC
Pensions' Biggest Challenge
Panel Discussion
Session Description
Savings adequacy remains the pension industry’s most pressing issue – too many people still lack adequate pension provision, leading to a bleak retirement outlook if nothing changes.
The 2025 Pensions Schemes Bill has neglected to address any further increase in mandatory contributions in the wake of the cost of living crisis.
Our panel will debate the current state of savings adequacy across the board and, more positively, identify which levers can realistically be pulled to improve outcomes, a theme which subsequent sessions will address in still more detail.
Speakers will address the critical challenge of presenting information to members in ways that truly resonate and drive action, while considering the barriers, both financial and non-financial, that need to be overcome to effect real change. The focus will be on practical, achievable solutions that can make a meaningful difference to savings adequacy..
Speakers in this Session

Panel Moderator:
David Porter
Head of Investment Delivery
The People's Pension

Louise Davey
Head of Policy & External Affairs
Independence Governance Group

James Smith
Research Director
Resolution Foundation

Steve Watson
Director of Policy & Research
NatWest Cushon

Matthew Webb
Veteran DC Strategist
Independent

This session is sponsored by NatWest Cushon
Louise Davey

Head of Policy & External Affairs
Independent Governance Group
Lou is a Trustee Director, and Head of Policy and External Affairs at IGG, having joined last year.
With nearly 30 years in the pensions industry, including 17 years at The Pensions Regulator (TPR), latterly as Director of Regulatory Policy, Analysis and Advice. Louise is passionate about high standards of trusteeship delivering positive retirement outcomes for pension scheme members, and has led the development of key policy initiatives such as the DC Value for Money framework, the DB Funding Code, and the General Code.
At IGG, she continues to advocate for high standards and policies that deliver good outcomes for members.
James Smith

Research Director
Resolution Foundation
James Smith joined the Foundation as Research Director in October 2018. His work focuses on wealth, debt and housing as well as leading the Foundation’s work on macroeconomic policy.
Prior to this, he worked in a range of roles at the Bank of England and in the civil service, leading analysis of macroeconomic issues for policy.
Matthew Webb

Veteran DC Specialist
Independent
Matthew Webb is a highly experienced pensions and employee benefits professional with over 35 years of expertise spanning global and international markets.
He has held senior leadership roles at LSEG, Refinitiv, Thomson Reuters, UBS, Merrill Lynch, Burmah Castrol, and British Airways, managing complex benefits programs, DB and DC retirement plans for tens of thousands of employees across multiple countries.
Matthew is a Fellow of the Pensions Management Institute and holds a Diploma in International Employee Benefits, reflecting his deep technical knoqwledge and commitment to professional excellence.
Throughout his career, Matthew has designed and implemented innovative pension and benefit strategies that align with corporate culture, support employee engagement, and drive measurable business outcomes.

About NatWest Cushon
NatWest Cushon helps employers enhance the financial wellbeing of their workforce through workplace pensions, savings and financial education. By providing employees with a simple, convenient way to manage their money, employers help them build better savings habits and a feel good future.
NatWest Cushon’s app-first approach, climate-focused investment strategy and jargon-free financial education come together to improve pension engagement, driving increased value for members in the long-term. It’s easy for employers too, as a solution that fully integrates with payroll and benefit platforms.
NatWest Cushon offers a Master Trust pension scheme alongside a range of savings products (ISA, Lifetime ISA, Junior ISA and General Investment Accounts).
For more details, please visit Cushon’s website here.
Contact
10:55 - 11:20
Networking Break
Networking Activity | Foyer
11:20 - 11:55
The Psychology of Saving - What Stops People from Saving More?
Presentation | Auditorium
In this eye-opening session, Professor Adrian Furnham explores the psychological and practical barriers that stop people from saving, revealing how beliefs, demographics, and daily financial pressures shape savings behaviour in unexpected ways.
The Psychology of Saving - What Stops People from Saving More?
Presentation
Session Description
Why do some people seem to build wealth easily while others struggle to save a penny?
Adrian Furnham will deliver a real eye-opener, unpacking the complex psychological and practical barriers that prevent people from saving more.
Drawing from groundbreaking research analysing the relationship between demographics, psychological factors and saving behaviours across Britain, Professor Furnham will reveal how metrics like age, education, income, political affiliation, and deeply held beliefs about work and money shape our financial habits in surprising ways.
Beyond the psychology, he’ll explore the practical realities – from high rent bills and mounting debt to other major monthly outgoings – that make saving feel impossible for many. The session will also tackle critical issues of trust and financial literacy that leave people unprepared for financial decisions.
Whether you are running a pension scheme, developing financial products, or simply trying to understand why rational people make seemingly irrational financial choices, this session will fundamentally change how you think about savings behaviour.
Speakers in this Session

Adrian Furnham, Professor of Psychology, University College London
Adrian Furnham

Professor of Psychology
University College London
Adrian Furnham was educated at the London School of Economics where he obtained a distinction in an MSc Econ., and at Oxford University where he completed a doctorate (D.Phil) in 1981. He has subsequently earned a D.Sc(1991) and D.Litt (1995) degree.
Previously a lecturer in Psychology at Pembroke College, Oxford, he was Professor of Psychology at University College London from 1992 to 2018. He has lectured widely abroad and held scholarships and visiting professorships at, amongst others, the University of New South Wales, the University of the West Indies, the University of Hong Kong and the University of KwaZulu-Natal. He has also been a Visiting Professor of Management at Henley Management College. He has also been made Adjunct Professor of Management at the Norwegian Business School(2009) and Honorary Professor at the University of KwaZulu-Natal (2014). He is currently the Principal Psychologist at Stamford Associates.
He consults to many organisations in various different sectors (particularly airlines, banks, civil service) and in many different countries (particularly continental Europe and Asia). He is also an experienced conference speaker doing around a dozen key-note speeches a year all around the world
He has written over 1500 scientific papers and 99 books. He is on the editorial board of a number of international journals, as well as the past elected President of the International Society for the Study of Individual Differences. He is also a founder director of Applied Behavioural Research Associates (ABRA), a psychological consultancy established over 30 years ago.
11:55 - 12:35
The Investment (R)evolution: From Safety-First to Growth-Focused DC Plans
Panel Discussion | Auditorium
This panel explores the shift from risk-averse to growth-oriented DC pension investment strategies, examining how providers are expanding fiduciary duties and reallocating assets into equities, private markets, and infrastructure—and whether this aligns with government growth agendas or introduces undue risk.

Sponsored by Future Growth Capital
The Investment (R)evolution: From Safety-First
to Growth-Focused DC Plans
Panel Discussion
Session Description
Delivering stronger growth and investment performance in the accumulation phase has become absolutely essential for securing adequate retirement outcomes.
Speakers will discuss how DC pension providers have been tackling this challenge, notably as regards initiatives to broaden fiduciary duty and asset allocation strategy to enable greater investment in higher-performing assets – especially active equities, private markets and infrastructure.
In this context, our panel will also debate whether aligning with the Government’s growth agenda serves members’ best interests or creates new risks.
This session will challenge conventional thinking and reveal what’s really driving the industry’s growth agenda.
Speakers in this Session
Ruari Grant

Head of Policy & External Affairs
TPT
Ruari will be joining TPT as Head of Policy and External Affairs in October 2025, and will look after external engagement on policy issues across DB, DC and CDC.
Prior to TPT, he is Head of DC & Master Trust at Pensions UK leading the policy team’s work on topics including decumulation, value for money, scale/consolidation and DC investment.
Before that, he spent seven years working in policy and public affairs at Standard Life and Aberdeen.
Ped Phrompechrut

Chief Investment Officer
Future Growth Capital
Ped joined from Schroders as Chief Investment Officer of Future Growth Capital and is responsible for investment strategy and portfolio performance.
Previously, Ped led the development of the multi-private asset solutions investment process at Schroders Capital. He was lead manager for the pioneering Schroders Climate+ Long-Term Asset Fund, and other successful multi-private markets funds and mandates.
Before joining Schroders, Ped was a consultant with Willis Towers Watson. He has worked with leading asset owners and asset managers around the world, bringing a unique combination of advisory perspective, strategic investment insight, and portfolio management expertise to multi-private markets investing.
Ped has an MBA from the London Business School and a Bachelor of Business Administration from Ohio University. He is a CFA charter holder and holds the ESG Investing Certificate from the CFA Institute.
Mitesh Sheth

Former CEO - Redington
Former CIO - Newton IM
Mitesh is an actuary, investment executive and board-level leader with experience of building successful teams, scaling businesses and developing innovative solutions. Recognised with an MBE for his leadership in industry-wide diversity and inclusion efforts, he brings a unique blend of compassionate leadership, creative problem-solving, commercial acumen, and strategic thinking.
He has recently founded OrgAlpha, a boutique consultancy, helping forward-thinking CEOs, founders and Boards to align the potential within their people and technology, to solve problems that really matter.
Professionally, Mitesh has held a number of leadership positions, including CEO of Redington, Chief Investment Officer for Multi-Asset at Newton Investment Management and Head of Fixed Income at Henderson Global Investors.
Personally, he has many interests including acting and he will performing in his eldest daughter’s five-star rated play ‘the Expulsion of Exulansis’ at the Edinburgh Fringe Festival this summer, to raise awareness for teenage mental health.
Robert Waugh

Chair
L&G Master Trust
Robert is the Independent Chair of Legal & General’s Master Trust, and sits on their Investment Committee.
Prior to this role, Robert was CEO and co-Chief Investment Officer of the Natwest Pension Scheme. Robert was instrumental in the turnaround of the funding position post the global financial crisis, closing the deficit. He oversaw the outsourcing of the administration and the digitalisation of the member journeys, taking the retirement journey from many weeks to 20 minutes.
Robert has extensive Defined Contribution pension experience having chaired the RBS Retirement Saving Plan. He has been a non executive on the investment committee for the Department of International Development, a board member of the Cost Transparency Initiative, and is currently an investment committee member of the Carnegie Trust of Scotland.
Earlier in his career, Robert was Head of UK Equities at Scottish Widows Investment Partnership for seven years, having spent the previous 15 years as an equity fund manager at UBS Phillips and Drew.
Robert is passionate about members’ experiences and member outcomes, and a keen believer in the role of universal ownership in improving society for future generations.
12:35 - 13:00
DC Default Strategies – Rethinking Fixed Income for Value & Impact
Presentation | Auditorium

Lee Hollingworth
DC & Retirement Proposition Director
Royal London Asset Management

Ewan McAlpine
Investment Director – Fixed Income
Royal London Asset Management
In this sponsored session by Royal London Asset Management, experts will explore how actively managed fixed income can deliver better value in DC default strategies without significantly increasing costs—highlighting its potential as a foundational asset class that aligns with both performance and responsible investment goals under the new Value for Money regulations.

Sponsored by Royal London Asset Management
DC Default Strategies - Rethinking Fixed Income
for Value & Impact
Presentation
Session Description
The Value for Money regulations are intended to shift the focus from cost to value, primarily via net investment returns. While an increasingly popular route to higher returns is investing in private markets, there are some potentially easy wins available that should form the foundation of any DC default portfolio.
Typically, default strategies hold anywhere between 9-40% in Fixed Income securities depending on the phase of the lifestyle fund. Listed fixed income is the one asset class where active management can add value without incurring material cost increases.
Our speakers will explore what is achievable in this area. They will propose both how fixed income should be deployed within default strategy design and how trustees and asset owners can be confident that the resulting portfolios are consistent with their climate and RI objectives.
Speakers in this Session

Lee Hollingworth
DC & Retirement Proposition Director
Royal London Asset Management

Ewan McAlpine
Investment Director – Fixed Income
Royal London Asset Management

This session is sponsored by Royal London Asset Management
13:00 - 13:10
Devil’s Advocates Summary
The Devil’s Advocates will give their summary of the main debating points, conclusions and action points from the morning sessions.
13:10 - 14:00
Lunch
Devil’s Advocates Panel

John Chilman
Trustee
Nestlé UK Pension Fund

Marian D'Auria
Non-Executive Director
USS
Throughout the afternoon, our panel of Devil’s Advocates will challenge speakers with thought-provoking questions and close the day by sharing their key insights and takeaways from the discussions.
Sophia Singleton

Partner & Head of DC
XPS Pensions Group
Sophia joined XPS Pensions Group in June 2020 to lead their DC business, helping clients deliver top class DC services to their members. Prior to that, she led Aon’s DC Consulting business.
Sophia has over 24 years’ experience in the UK pensions industry and advises corporates and trustees on a range of DC pension solutions, developing and delivering DC strategies that optimise scheme design, ensuring effective governance and improving member outcomes.
She is a well-known industry and media commentator on DC market developments and feels passionately that we must tackle short-term financial resilience as well as deliver better long-term post-retirement products, if we’re going to help today’s workforce to retire with the security and lifestyle they want; she is regularly quoted in the press and presents on DC issues at industry events.
14:00 - 14:25
Rethinking Retirement Income
Presentation | Auditorium
This session explores how to rethink retirement income through a proposition-led framework that defines member needs and assesses solutions like annuity, drawdown, flex-first-fix-later, and CDC.

Sponsored by BlackRock
Rethinking Retirement Income
Presentation
Session Description
Defining a default retirement income solution is a proposition problem, not an investment problem. The first step is to create a framework to understand who the target member is and what does a better outcome look like.
The discussion will give an overview of the application of this framework and consider a quantitative assessment of the options from annuity, drawdown, flex-first-fix-later and decumulation-only CDC.
Speakers in this Session

Massi Delle Donne
Head of Institutional Client Specialists, EMEA
BlackRock

This session is sponsored by BlackRock
Massi Delle Donne

Head of Institutional Client Solutions, EMEA
BlackRock
Massi Delle Donne is a Managing Director in the Europe & Africa Institutional Client Business at BlackRock, focusing on developing retirement propositions and solutions.
Massi has over 25 years’ experience across financial services with responsibilities spanning Europe, Asia & Africa. His experience includes 13 years in capital markets, developing derivative based solutions for institutional clients, such as guaranteed funds, risk hedging strategies and structured products.
Massi began his career as an actuarial specialist in South Africa, focused on pension funds and product development and has founded two UK based fintechs.
14:25 - 15:05
Solving the Retirement Puzzle - New Approaches to Old Challenges
Panel Discussion | Auditorium

Panel Moderator:
Mary McDougall
Pensions Correspondent
Financial Times

Adrian Boulding
Director
The CDC Forum CIC
This panel will explore innovative strategies for turning pension savings into sustainable retirement income, tackling key challenges like risk extension, income security, and member support, while showcasing practical solutions to improve outcomes in the decumulation phase.
Solving the Retirement Puzzle – New Approaches to Old Challenges
Panel Discussion
Session Description
Tackling “the nastiest, hardest problem in finance” – turning savings into an income in retirement – requires new and innovative thinking as well as practical implementation. There is certainly no one simple answer, but there are smarter strategies that can significantly improve outcomes for members.
Our expert panel will tackle the industry’s most pressing questions: how can “to-and-through” investing extend risk positions to boost retirement benefits, and what will it take to get savers comfortable with this approach?
The panel will explore creative solutions including default consolidators for small pension pots, holistic asset integration combining housing and non-pension savings, and cutting-edge income security ideas like CDC, tontines, and advanced life deferred annuities. The conversation will address real-world challenges from planning for cognitive decline to longevity protection, cost reduction strategies, and the critical question of who pays for targeted member support.
There will be privileged insights from pension providers as they seek to enhance retirement default solutions while removing barriers that prevent better outcomes for savers.
Speakers in this Session

Panel Moderator:
David Porter
Head of Investment Delivery
The People's Pension

Adrian Boulding
Director
The CDC Forum CIC

Kavi Myladoor
Commercial & Propositions Director
Just Group

Paul Tinslay
Trustee Director
Dalriada Trustees

This session is sponsored by Just Group
Kavi Myladoor

Commercial & Propositions Director
Just Group
Kavi Myladoor is Just Group’s Retail Retirement Income Director, overseeing its Individually Underwritten Annuity and Secure Lifetime Income propositions.
She joined Just Group in April 2023 from Royal London, where she successfully established a later life strategy and ran its D2C and intermediated later life propositions.
With a background in risk management, proposition strategy and change delivery, Kavi’s focus is to create and change strategy on Just’s growth ambitions, whilst ensuring that its customers get value from money on existing propositions. She is passionate about her purpose, which is to identify innovative ways to make later life propositions and financial advice more accessible to consumers in the UK.
Paul Tinslay

Trustee Director
Dalriada Trustees
Paul Tinslay is an Accredited Professional Trustee for DB and DC Pension Schemes, including Chair for Sole Trustee positions, and EGLAS arrangements. With 38 years in the Life and Pensions Industry, Paul has the very rare, if not unique experience of having been a personal financial adviser, as a market leader in the at/post retirement market, a corporate pensions adviser for DB and DC pension schemes.
Prior to joining Dalriada in 2020, Paul worked at one of the largest Employee Benefit Consultancies, responsible for delivering advice and services to Employers and Trustees, in respect of Occupational Pensions (Defined Benefit, trust & contract based Defined Contribution), where he was also Head of the Pensions Governance Proposition.
Paul has been a Director of specialist pensions businesses, establishing market leading propositions. Paul worked with the Government Actuary’s Department to develop Income Drawdown in the Pensions Act 1995 and the Department for Work and Pensions in transposing the IORP II legislation to what we now know as ESoG and ORA.
In his spare time Paul does everything that Mrs Tinslay wants done, Mountain biking, gym and the odd game of golf.

About Just Group
For more details, please visit Just Group’s website here.
Contact
15:05 - 15:30
Turning Your Savings into a Force of Nature
Earn it. Keep it. Grow it. Impact it – Retire into a World worth living in.
Presentation | Auditorium

Robert Gardner
CEO & Co-Founder
Rebalance Earth
Discover how DC savers can move from financial confidence to climate impact in this visionary session from Rebalance Earth, exploring how pensions can help restore nature — rewiggling rivers, rebuilding reefs, and retiring into a world members helped create.

Sponsored by Rebalance Earth
Turning Your Savings into a Force of Nature
Presentation
Session Description
What if every member felt confident and in control of their financial future?
What if they could not only earn it, keep it, and grow it but also impact it?
Imagine retiring into a world you helped create. A world where your money restored peatlands, rewiggled rivers, and rebuilt oyster reefs. What if your savings didn’t just pay you back, but paid the world forward?
In this session, our speaker will reimagine the DC member journey: from behavioural engagement (“earn it”) and financial awareness (“keep it”), to accessible growth strategies (“grow it”), and ultimately to choosing investments that deliver meaningful impact for climate and nature (“impact it”).
With 9 out of 10 savers saying they care about the climate, it’s time to make their money matter, turning savings into a literal force of nature.
Speakers in this Session

Rob Gardner, CEO & Co-Founder, Rebalance Earth

This session is sponsored by Rebalance Earth
15:30 - 15:55
Networking Break
Networking Activity | Foyer
15:55 - 16:15
Will Pensions Dashboards be a Game Changer?
Presentation | Auditorium

Richard Smith
Member - Pensions Dashboard Working Group
PASA
This session examines whether Pensions Dashboards will transform member engagement or fall short due to data, governance, and usability challenges, with expert insights into their policy goals, tech readiness, and behavioural impact.
Will Pensions Dashboards be a Game Changer?
Presentation
Session Description
As the long-awaited Pensions Dashboards edge closer to reality, this session explores whether they will truly revolutionise member engagement or simply add another layer to an already complex landscape.
Will dashboards empower savers with clearer visibility and better decision-making, or will data gaps, governance hurdles, and user experience challenges blunt their impact?
Our expert speaker will dissect the policy intent, technological readiness, and behavioural implications, offering a candid assessment of what success looks like and what is still missing.
Speakers in this Session

Richard Smith
Member - Pensions Dashboard Working Group
PASA
16:15 - 16:55
Best Governance Practice Across DC Pensions
Roundtable Discussions | Auditorium

Roundtable Facilitator:
Stephen Budge
Head of DC Investment Strategy
LCP

Ian MacRae
Head of Pensions
Jaguar Land Rover
This interactive roundtable session will explore practical initiatives pension providers, employers, and advisers can use to incentivise greater saving, with table discussions led by Moderators and key conclusions shared with the wider conference.
Best Governance Practice Across DC Pensions
Roundtable discussions
Session Description
Following a scene-setting introduction, a Moderator at each table will lead a discussion on what delegates consider to be the key ingredients of good governance for DC schemes, whether single trust, master trust or outsourced solutions like fiduciary management and OCIO.
How do the priorities differ between these approaches, how important are such factors as scale and trustee education in determining asset allocation strategy and investment performance.
Several of the Moderators will be called upon to summarise their conclusions to the overall conference.
Speakers in this Session

Facilitator:
Stephen Budge
Head of DC Investment Strategy
LCP

Helen Ball
Partner
Sackers

Rachel Brougham
Trustee Executive
BESTrustees

Andy Cox
Chair
NatWest DC Plan

Wendy Davis
Director of Pensions
Sainsbury's

Sandie Deane
Trustee Director
UBS Pension Trustee Company

Mark Hedges
Trustee Director
Nationwide Pension Fund

Martyn James
Director of Investment
NOW: Pensions

Ian MacRae
Finance Pensions Investment Manager
Jaguar Land Rover

Stewart Patterson
Innovation Senior Director - LifeSight GB
WTW

This session is sponsored by LCP
Helen Ball

Partner
Sackers
Helen has worked in pensions for many years, providing legal advice to trustees, employers, Independent Governance Committees and providers.
She enjoys working in a team alongside other advisers to get the best results for clients, and has a history of involvement with various initiatives that impact on new legislation and regulation. Helen is currently Chair of PASA’s working group that is focused on CDC and a founding member of the DC Governance Group which established the PLSA’s template chair’s statement for DC schemes.
Helen regularly speaks at conferences organised by bodies such as the PMI and SPP and writes articles and blogs for pensions publications.
Rachel Brougham

Trustee Executive
BESTrustees
Rachel Brougham has worked in the pensions industry for more than 30 years. She joined BESTrustees in 2014 and currently works with a number of clients, covering both defined benefit and defined contribution schemes.
Since joining BESTrustees, Rachel’s appointments have included two master trust boards and two Independent Governance Committees of major UK pension providers, and the chairmanship of a number of defined benefit schemes. Her experience includes the development of the trustee boards, their structures and processes, including committees and appropriate reporting, and the development of robust risk management frameworks.
Rachel is used to working with and managing a number of advisers on any one scheme, expecting a collaborative and respectful working relationship between them. She is also used to working with in-house teams, ensuring that the trustee board receives the support it needs in carrying out its duties. Working with the schemes’ advisers, she has implemented TPR’s integrated risk management (IRM) approach to funding, investment and covenant work in her DB schemes to good effect, and is used to working with an overseas parent.
Rachel spent most of her career at Mercer providing actuarial, benefit, governance and DC consulting advice to clients. She remains an Associate Member of the Institute and Faculty of Actuaries.
Andy Cox

Chair
NatWest DC Plan
Andy enjoys a portfolio career as a trustee and Non-Executive Director.
In the world of pensions, he is Chair of Trustees of the NatWest DC Plan, a NED at Capital Cranfield, and a member of the Investment and Funding Committee of the Lloyds Banking Group DB Pension Schemes.
Until 2019, Andy spent 30 years at Aon as an actuarial and investment consultant, and was a member of the Global Retirement & Investment Leadership and CEO of Aon Hewitt Ltd in the UK. He also sat on Aon’s Global Operating Committee.
In his spare time, Andy enjoys skiing and scrambling with his family, and has recently passed his private pilots license. He is also looking forward to more success supporting Wales on the rugby pitch.
Wendy Davis

Former Director of Pensions
Sainsbury's
Until recently, Wendy was Director of Pensions for Sainsbury’s and worked there since 2010.
While there, she was responsible for a large defined benefit pension scheme with around 83,000 members and assets of £8bn, working for the Trustee and the Company, and three defined contribution schemes. The DC schemes have over 170,000 members and assets of over £1.75bn.
Wendy is also Deputy Chair of the Board of Trustees of Age UK Bedfordshire, and is on the Risk and Audit Committee of the Church of England Pensions Board, and has decided to build on her non-exec portfolio. She is also on the Advisory Board of the PMI and a member of other industry groups.
Sandie Deane

Trustee Director
UBS Pension Scheme
Sandie is a trustee director of UBS’s UK Pension Scheme. She chairs the Member Communication & Engagement Committee and is a member of the Risk & Audit Committee.
Sandie’s journey in the world of pensions began when she joined Phillips & Drew Fund Management – now UBS Asset Management – in 1993 to work on their client publications including Pension Fund Indicators. She remained in UBS Asset Management until 2015 in a range of marketing, investment communication and management office roles. She then transferred to UBS Wealth Management in a business management and chief of staff role in the Investment Products & Solutions team.
She joined the UBS Pension Board in 2016 and has continued in that role since leaving UBS’s employment in 2020.
Today, she oversees all scheme member communications and is a familiar face at member engagement events. Sandie is also a trustee of the UBS UK Donor-Advised Foundation.
Mark Hedges

Trustee Director
Nationwide Pension Fund
Mark is a Trustee and former Chief Investment Officer of the Nationwide Pension Fund, where he had responsibility for the performance and implementation of the asset allocation strategies agreed with the fund investment advisors.
Previously, he led the establishment of Nationwide’s Covered Bond programme and its Silverstone RMBS Master Trust funding vehicle. In addition, Mark has securitised UK Student Loans and a synthetic corporate bond structure along with structured transaction and investment in various ABS instruments. Past experience also includes leading the origination and structuring of social housing, PFI and commercial real estate debt transactions.
Martyn James

Director of Investment
NOW: Pensions
Martyn James is the Director of Investment at NOW: Pensions, the UK master trust provider.
Martyn is responsible for leading the investment strategy for the business, with a focus on improving returns and retirement outcomes for its members, and enhancing the sustainability characteristics of the portfolio.
Martyn joined NOW: Pensions in April 2024. Prior to joining NOW: Pensions, he spent 22 years at Mercer, most recently as a partner within Mercer’s UK DC business, but also with a recent two and a half year secondment, leading Mercer’s Wealth (Pensions and Investments) business in Latin America.
Stewart Patterson

Innovation Senior Director - LifeSight GB
Willis Towers Watson (WTW)
Stew is an experienced pensions professional, responsible for leading the discovery of some of the most significant areas of innovation and future developments for LifeSight, WTW’s DC master trust. LifeSight’s ambitious target is securing better pension outcomes for people all over the country, and a lot of Stew’s focus is currently around decumulation solutions, support for members making retirement decisions and overall member engagement.
Stew is a qualified actuary. His previous roles have included positions as a DB Scheme Actuary and a DB de-risking specialist, leading onto leadership roles in WTW’s member options consulting team as well as industry roles on the Incentive Exercise Monitoring Board for the IFoA. This member focus saw Stew move into the LifeSight master trust team as Head of Product, before his current innovation role.
Janette Weir

Managing Director
Ignition House
Janette is one of the founding directors of Ignition House. She has more than twenty years research experience and brings a broad range of research and consultancy skills and experience from her previous roles. Janette is responsible for new business development and is Head of the Financial Services and Public Sector Practices.
She started her career as an economist at the Department of Work and Pensions, where she spent five years advising ministers and policy makers. This gave her a solid grounding in research skills and an understanding of the public sector.
She moved to be Chief Economist at the Association of British Insurers to build detailed knowledge of the insurance sector. From there, she led a team of thirty analysts covering all aspects of Financial Services as Head of UK Financial Services Research at McKinsey and Company. She was part of a pan-European team, which gave an international flavour to her research skill set. She also worked in a small team for a year to develop and implement McKinsey’s knowledge management strategy.
As Director of the Financial and Public Sector Practice at IQ Research, she built a solid practice of bespoke and syndicated work for financial services companies, economics consultancies, regulators, and trade associations. Janette is a well-known industry expert on the life and pensions sector, and often writes articles for the trade press.

About LCP
Powered by bright and passionate people, we help clients navigate complexity to make the decisions that matter. With market-leading capabilities across pensions and financial services, energy, health and analytics, we create and uncover new possibilities to help shape a more positive future.
The way we work, save, and live, is changing. Through our expert insights and use of cutting-edge technology, we provide tailored advice to create a sustainable financial future for our clients and members. We bring a breadth of knowledge and specialist skills to power our clients’ possibilities by helping them to solve problems and embrace opportunities.
We understand that pension schemes aren’t just about numbers; they are about planning for a secure future. Whether you’re a trustee of a pension scheme, a CFO, a finance director or an HR professional, we tailor our services to meet your unique needs with a straightforward, strategic approach. To guide you towards your endgame is at the heart of our advice and where you are on your journey to achieve that. This means we can craft clear, forward-thinking strategies to help your pension scheme reach its long-term goals. This ensures not just sustainability but success well into the future.
We’re not just a team; we’re a community of experts. From DC and Corporate Consulting to Actuarial insights and Trustee Consulting, we cover all bases. We’re all about joined-up thinking, ensuring that every decision about a pension scheme is interconnected and geared towards achieving the best outcomes for members.
For more details, please visit LCP’s website here.
Contact
16:55 - 17:30
What in the world is happening?
Presentation | AUDITORIUM

Sir Sherard Cowper-Coles
Former British Ambassador
UK Foreign Office
In this concluding session, Sir Sherard Cowper-Coles brings a seasoned diplomat’s perspective to the major geopolitical shifts reshaping global alliances, economic growth, and investment markets — and explores what they mean for pension managers navigating rising political risk and de-globalisation.
What in the World is Happening?
Presentation
Session Description
In this timely and stimulating talk, Sir Sherard Cowper-Coles will offer a seasoned diplomat’s rare insight into the seismic geopolitical shifts reshaping our world and their profound implications – for global alliances, economic growth, the environment and the prospects for investment markets.
With the latter increasingly exposed to political risk and de-globalisation pressures, this session will help delegates navigate the uncertain terrain ahead and consider how pensions managers and trustees can respond to a world in flux.
Speakers in this Session

Sir Sherard Cowper-Coles
Former British Ambassador
UK Foreign Office
Sir Sherard Cowper-Coles

Former British Ambassador
UK Foreign Office
Sherard worked at HSBC as a full-time employee from 2013 to 2023, initially as Senior Adviser to the Group Chairman and Group Chief Executive, and for eight years heading the Group’s Global Government and Public Affairs functions. On his retirement, on 31 December 2023, he was engaged as Senior Adviser to the Group.
Earlier, he spent over 30 years in the British Diplomatic Service, which he joined straight from reading Classics at Oxford. He finished his career as Ambassador to Israel, Saudi Arabia and then Afghanistan.
Sherard is Chair of the China-Britain Business Council; Honorary Vice President of the UK Financial Inclusion Commission; and a Committee Member of The Hong Kong Association. He is an Ambassador for the Winston Churchill Memorial Trust. He is a member of the fundraising committee for Maggie’s charity, and a Trustee of Arundells, the Sir Edward Heath Charitable Foundation. He is President of The Kilvert Society.
Sherard is the author of two books: Cables from Kabul and Ever the Diplomat.
17:30 - 17:40
Devil’s Advocates Summary
The Devil’s Advocates will give their summary of the main debating points, conclusions and action points from the afternoon session.
17:40 - 17:45
Chair's Summary
Closing Remarks | AUDITORIUM
The Chair will conclude the day’s proceedings and reflect on the various opinions discussed throughout the day.
17:45 - 19:15
Drinks Reception
Networking Activity | Foyer
Following conclusion of the conference, delegates are invited to stay for drinks and network with fellow members of the industry.
Venue
Banking Hall
This event will be held at Banking Hall in London.
Plan your journey via Transport for London.
Travel & Access
Tube: Bank (Central, Northern, W&C, DLR) & Monument (Circle, District)
Nat Rail: Cannon Street (5 mins)