Tue 27 Feb 2024 - This event and related paper explore key considerations for adopting a dynamic discount rate funding approach for pension schemes. It looks at the impacts of doing so in a range of areas, including funding volatility, investment strategy, and end game objectives.
It considers the advantages and disadvantages of this approach from the perspective of a range of stakeholders and the challenges that need overcoming in order to fully implement and support the approach.
It also considers how a dynamic discount rate approach fits within the proposed future funding regulations. Finally, it puts forward recommendations for the IFoA, scheme actuaries, and TPR.
You can read the associated paper to this webinar on our Virtual Learning Environment (VLE).
You can view the recording of this webinar on the IFoA’s Virtual Learning Environment (VLE). Watch recording.
Managing Director and Scheme Actuary at WTW
Senior Director and Scheme Actuary at WTW
Lead Actuary, Regulatory Policy Analysis and Advice Directorate at tPR
Risk Modelling Consultant at Hyman Robertson
Luke is Chief Pricing Officer at Clara Pensions, the first superfund to have completed The Pension Regulator’s assessment process. Luke leads on the pricing and actuarial aspects of Clara’s transactions, with his team playing a key role in delivering the UK’s first superfund transaction last year.
As part of the Clara team since 2019, Luke has been closely involved in developing the superfund market and brings insight of how Clara’s member-first solution can work for scheme sponsors and trustees. He has a broad experience of the pensions and life insurance sectors, having previously worked at PwC (pensions), Reinsurance Group of America (longevity reinsurance), and UBS (insurance equity research).
He is also a member of the IFoA’s Dynamic Discount Rate Working Party, which recently published its first sessional.
Partner in the de-risking team at LCP
Senior Solutions Director at Aberdeen Standard Investments
Head of Trading at Phoenix Group Retirement Solutions