FASS Hot Topics Conference 2017 - Sponsored by Standard Life

Tuesday 14th March, talks start at 6.00pm, refreshments from 5.30pm
Standard Life House, 30 Lothian Road, Edinburgh
Talks to finish by 8:30pm, followed by a food, drinks and networking event
Sponsored by Standard Life

Free for FASS Members
£5 for Non-Members

The Hot Topics Conference is FASS' flagship talks event, featuring four separate talks covering a variety of talks from across the actuarial world. This year the conference is kindly being sponsored by Standard Life and will be hosted in Standard Life House on the evening of Tuesday the 14th of March. The event will be followed by a food, drinks and networking event.

Tuesday 14th March, talks start at 6.00pm, refreshments from 5.30pm

Craig Turnbull - Investment Director, Standard Life Investments

Insurance Investment Strategy: Past, Present and Future

The presentation will discuss current economic and regulatory conditions and how they impact on current insurance investment thinking and insurer's plans. Craig will also consider historical episodes that share some similar characteristics to the current economic environment, and draw some parallels between actuarial thought and practice in insurance investment then and now.

Kieran Mistry - Hymans Robertson

Risk Transfer in Defined Benefit Schemes

Sponsors and trustees of defined benefit pension schemes are increasingly looking to take a more sophisticated approach to manage risks as part of their long term funding and investment strategies. A key means of doing so is to transfer risk to the insurance and reinsurance markets through buy-ins, buy-outs and longevity swaps and these transactions have seen significant growth in volumes. The market has also become increasingly sophisticated with innovation and more flexibility being offered in transaction structures to better meet the specific needs of pension schemes. Despite concerns over possible negative impacts following the introduction of Solvency II, the market has remained resilient and we see continued strong appetite from insurers and reinsurers to take on pension scheme risk.

Steve Murray and Fraser Russell - 1825

Linking the numbers to the client: opportunities for innovation through the eyes of advice

Economic, demographic and regulatory changes are turning the public's finances on their heads. As finance professionals we have the necessity to innovate in the face of this ever changing environment. The presentation will look at how a different perspective can help make sense of these changes and hence turn them into potential opportunities. Steve and Fraser will do this by demonstrating an innovation by Standard Life in the face of pension freedoms, the creation of 1825; and through their experience of managing a financial planning business, the opportunities for innovation within the pension, investment and customer space.

Peter Watson - KPMG

Risk Functions' Fitness for the Future

The insurance world is evolving and new challenges need to be effectively managed by businesses with proper oversight by the Chief Risk Officer and the Risk Function. Peter will describe the role of the Risk Function in insurance firms and share with the audience results of a recent KPMG survey of CROs and their views on how their Risk Functions need to change in order to meet these new challenges.

Talks to finish by 8:30pm, followed by a food, drinks and networking event

Craig Turnbull - Investment Director, Standard Life Investments

Craig joined Standard Life Investments in March 2015 after a fifteen-year career at Barrie & Hibbert. At B&H, he was Head of Research and Advisory, overseeing industry-leading work in insurance asset-liability modelling, economic capital, Solvency II and the hedging of insurance liabilities. At SLI, Craig leads the Insurance Solutions team, which works closely with Standard Life Investment's global insurance client group to support their insurance asset management requirements.
Craig qualified as a Fellow of the Institute of Actuaries in 2003. In 2013, he was awarded the Institute of Actuaries' Peter Clark Prize for best actuarial research paper. He is the author of the recently-published book, A History of British Actuarial Thought.

Kieran Mistry - Hymans Robertson

Kieran is a recently qualified pensions actuary working at Hymans Robertson, based in Birmingham. He has had a wide range of experience in pension scheme consulting, including advising trustees on funding and investment strategy, governance matters and day to day issues arising in the running of their schemes, audit support and preparing accounting disclosures, and working with companies on M&A transactions and pension liability management exercises. Through this, he has gained valuable experience advising both sponsors and trustees on defined benefit pensions. Since joining Hymans Robertson in 2015, Kieran has become a key member of Hymans Robertson's Risk Transfer team, helping advise clients on transferring their pension scheme risk to the insurance and reinsurance markets. A recent example of this was worked with the Trustees of the FTSE 100 sponsored Pension and Assurance Scheme of the Land Securities Group of Companies on their £110m pensioner buy-in.

Steve Murray and Fraser Russell - 1825, Financial Planning by Standard Life

Steve Murray is CEO of Standard Life's UK wide advice business, 1825. Within Standard Life, Steve is the executive responsible for the UK businesses' strategic investments. He was previously Group Strategy & Corporate Finance Director, having previously headed up the Group Corporate Finance function. Steve was awarded the Scottish Insider Deal maker in 2015 having been Emerging Deal maker of the Year in 2010.

Fraser Russell is a Senior Proposition Manager in 1825. He has played a key role in developing 1825's Financial Planning proposition since launch in early 2015, and worked across the wider Standard Life UK business since 2012. Fraser sits on the Personal Finance Society committee and also volunteers in aid of improving financial literacy amongst young people.

Peter Watson - KPMG

Peter Watson is a Principle Advisor in KPMG's Insurance Risk Practice. As a specialist in Operational Risk Management and ERM Framework design, Peter recently co-authored a report on the Operational Risk-Insurance Risk Boundary in association with the Operational Riskdata eXchange Association (ORX).
Within KPMG Peter has significant experience helping clients prepare for Pillar 2 of Solvency II, providing advisory and assurance services in the areas of risk governance, operating models and processes including the assessment of operational risk capital requirements. In addition, he regularly consults with Board Risk Committees and Chief Risk Officers on Enterprise Risk Management Frameworks

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