Past Event: DC Investment Forum

September 19-20, 2018
Marriott Eaton Centre, Toronto

Benefits Canada is pleased to announce the 11th Annual Defined Contribution Investment Forum.

The theme of this year's conference is:

Scaling the heights

The 2018 Defined Contribution Investment Forum will offer attendees insights into the most important issues facing DC plans. From new perspectives on investment opportunities and risk and performance considerations to the latest in behavioural finance and member engagement, this event will provide participants with the information they need to take plans to the next level.

WHO SHOULD ATTEND?
The event is free for senior DC plan decision-makers.

Please note: Due to the limited availability of space, any plan sponsors who require accommodation the evening of September 19th must now contact Anya Baker directly for arrangement.


HOW DO I ATTEND?
Attendance is subject to approval. Please contact Alison Webb.

Twitter
Tweet questions before or during the event to #DCIF18 and @BenCanMag.

DC Investment Forum

September 19-20, 2018
Marriott Eaton Centre, Toronto

Please note that this agenda is a draft and subject to change.


Wednesday, September 19, 2018


5:30-6:30 p.m.
Opening cocktail reception



6:30 p.m.
Dinner


Thursday, September 20, 2018


7:30-8:25 a.m.
Breakfast and registration



8:25 a.m.
Opening remarks



8:30-9:30 a.m.
Behavioural finance: Why we are hard-wired to make bad money decisions
Making better financial decisions can lower stress and increase productivity both at home and at work. Bringing together his background in neuroscience, money, and even cars, Preet Banerjee explains how the human brain is hard-wired to make bad decisions about money, and what you can do about it.

Speaker:
Preet Banerjee,
personal finance expert

[Session not available for download]



9:30-10:00 a.m.
Evolving glide-path risk management techniques for target date funds
Target date funds (TDFs) have addressed an industry challenge by taking complex investment decisions away from DC members, while providing more diversification and appropriate asset allocation based on an individual’s time to retirement. However, TDFs are still subject to investment risks, and how managers address these risks can greatly influence retirement outcomes. This session will explore risk management techniques harnessed from the DB industry to provide more predictable income throughout retirement.

Speaker:
Neil Walton,
head of investment solutions, portfolio solutions group, Schroder Investment Management

[Download the presentation]



10:00-10:30 a.m. 
Active investing: Why it matters and factors that impact active manager success
While active and passive investing are cyclical in nature, current market conditions are leaning in favor of active outperformance. How can plan sponsors find good active managers, and why should it matter? In this session, we will identify certain characteristics of an active manager that can lead to potential outperformance over time.

Speaker:
Kurt Umbarger,
global equity portfolio specialist, T. Rowe Price

[Download the presentation]



10:30-11:00 a.m.
Networking break



11:00-11:30 a.m.
New insights on the decumulation phase
Insights on the decumulation phase addresses the various aspects about the period when investors spend down their wealth. This session will focus on the prominence of guaranteed income, illustrate how savings behavior continues in retirement, and explore how long-term care risk is emerging as central to decumulation.

Speaker:
Stephen Utkus, 
principal and director, Vanguard Center for Investor Research

[Download the presentation]



11:30 a.m.-12:00 p.m.
So now what? Re-thinking decumulation 
Over the past few decades, plan sponsors have combined behavioral finance, plan design, and investing insights to make drastic improvements in participant outcomes during their working years. Yet upon retirement, the consistency of outcomes drops dramatically. Participants lack a consistent, cost-effective and simple framework that takes them past retirement through the decumulation stage. This session will explore creating a simple, sustainable and practical post-retirement framework for participants.

Speaker:
Nick Nefouse, managing director, BlackRock

[Download the presentation]



12:00-1:00 p.m.
Lunch



1:00-1:30 p.m.
From the portfolio manager's cockpit: Are plan members navigating a successful journey?
Professional investors face several key challenges and have to develop strategies to navigate them. At the same time, investor behaviour plays a critical role in financial outcomes. In this session, we will explore key investment challenges as well as the behaviours that plan sponsors can encourage and promote in order to increase the odds of success.

Speakers:
Chhad Aul,
portfolio manager, Sun Life Global Investments
Anne Meloche, head of institutional business, Sun Life Global Investments

[Download the presentation]



1:30-2:00 p.m.
Given uncertainty in the capital markets, what should we look for in the construction of a glide path and target date strategy?
As Central Banks reduce liquidity and global economies move to late cycle, the importance of having a resilient strategic asset allocation combined with a flexible investment process becomes more prominent. This session will discuss the importance of having a target date glide path that is resilient to whatever market states may arise, and discuss the need for flexibility in uncertain environments.

Speaker:
Ruthann Pritchard,
institutional portfolio manager, Fidelity Investments

[Download the presentation]



2:00-2:45 p.m.
The regulatory environment: Updates from the Ontario pension regulator
This session will cover numerous regulatory issues. Topics to be discussed include:  

  • SIPP requirements
  • Decumulation options
  • Advisory committees
  • AMP’s
  • Form 7 problems
  • Member communications issues – CAPSA guideline and CAP guideline
  • Error correction issues

Speaker:
Mark Eagles,
senior manager, pension policy, Financial Services Commission of Ontario

[Download the presentation]



2:45 p.m.
Closing remarks



For information on the conference, please contact Lauren Harris, Conference Editor, Benefits Canada

DC Investment Forum Speakers

September 19-20, 2018
Marriott Eaton Centre, Toronto


 

KEYNOTE:

 

Preet Banerjee

Preet Banerjee

When you think of a neuroscientist, an author and a racecar driver, you rarely think of it being one person--but Preet Banerjee is all those things – and more. Best known as a financial panelist on CBC’s The National, and as a weekly contributor to The Morning Show on Global, Banerjee inspires others to become financially empowered. Sharing his world-class expertise and unique ability to take the complexity out of money matters, he speaks on topics including behavioural finance, neuroeconomics, and personal finance. Formerly a financial advisor, Banerjee has also worked in institutional investment sales and product development. He is a management consultant to the wealth management industry, with a focus on the commercial application of behavioural finance research and fintech. Banerjee has a personal finance video column for The Globe and Mail, is a contributing editor at MoneySense magazine, and is the author of three books. His latest, Stop Over-Thinking Your Money: The Five Simple Rules of Financial Success, is in bookstores now. His blog, WhereDoesAllMyMoneyGo.com, was voted Canada's best investing blog in 2010 by Globe and Mail readers and Advisor.ca named him one of Canada's "Top 10 Financial Visionaries" in 2011. Banerjee also hosts a podcast on iTunes, “Mostly Money, Mostly Canadian,” which is one of the highest rated podcasts in Canada for business and investing. He was also the host of Million Dollar Neighbourhood on The Oprah Winfrey Network, Banerjee is a fellow of the Canadian Securities Institute and also holds the derivatives market specialist and financial management advisor designations. He was awarded first place in the 2012 Portfolio Management Association of Canada’s excellence in investment journalism awards, and is currently a research associate at the Henley Business School at the University of Reading.

 

SPEAKERS:

 

Chhad Aul

Chhad Aul

As portfolio manager, Chhad Aul oversees Sun Life Global Investment’s investment solutions, with a specific focus on the granite and milestone funds. In addition, he provides investment strategy and portfolio positioning to our clients, including plan sponsors, consultants and plan advisors. Aul has over 13 years of experience in the investment management industry, developing and managing quantitative investment strategies for clients, with a focus on long/short and market neutral hedge funds. Prior to joining Sun Life in 2014, his work experience included roles at State Street Global Advisors, Hillsdale Investment Management and TD Securities. Aul holds a bachelor of science in engineering science and a master of mathematical finance, both from the University of Toronto. He is also a chartered financial analyst charterholder.

 

Mark Eagles

Mark Eagles

Mark Eagles is currently senior manager, pension policy in the pension division of the Financial Services Commission of Ontario (FSCO). He is a lawyer with over 27 years of experience in the pension field. His first foray into the pension world was with one of FSCO’s predecessors, the Pension Commission of Ontario. While at the Pension Commission, he filled a number of roles including as a pension officer and as the primary reviewer of surplus withdrawal applications made to the pension tribunal. In addition, he carried out investigations and assisted in developing commission policies and procedures regarding plan wind ups, surplus distributions and insolvencies. Before joining FSCO in 2017, Eagles was a principal of Mercer Canada Limited and the Toronto leader of Mercer’s Canadian law and tax practice, where he consulted in pension design, documentation and compliance. Eagles advised private sector clients on the application of pension law and related tax and employment law. Eagles has also provided advice to public sector clients (plans, governments and regulators) concerning policies and legislation.

 

Anne Meloche

Anne Meloche

Anne Meloche is the head of institutional business for Sun Life Global Investments (SLGI). In this role, she is responsible for developing the strategy for our institutional business. Meloche leads the national institutional sales team, who work with plan sponsors, consultants and advisors to educate and promote SLGI’s innovative solutions for group retirement platforms. Meloche is also an active member of the Sun Life Financial Quebec leadership team. Meloche joined SLGI from a large consulting firm in Montreal where she worked for almost 15 years. As partner, her main responsibilities were managing the DC business for eastern Canada operations and providing advice to large private and public-sector organizations sponsoring DC plans on all aspects related to implementation, management and oversight. Meloche holds a bachelor of mathematics from Concordia University and is a fellow of the Society of Actuaries and a fellow of the Canadian Institute of Actuaries.

 

Nick Nefouse

Nick Nefouse

Nick Nefouse is the managing director of BlackRock. He is a member of the US and Canada Defined Contribution Group and is the co-head of the LifePath franchise and heads the defined contribution investment strategy team. Nefouse has spent most of his career in product strategy roles, where he was responsible for developing strategic product plans and the positioning of products both internally and externally. These roles included the lead product strategist for the global emerging markets team, the senior investment strategist in the alpha strategies group, the lead product strategist on the London-based global equity team and a product specialist for the BlackRock global allocation team. Nefouse's service with the firm dates to 2003, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he worked as a product specialist and began his career on the US retail sales desk in Princeton, NJ. Nefouse earned a bachelor of arts degree in economics from Michigan State University in 2003 and is a board member on the Financial Markets Institute at Michigan State University. He holds the chartered financial analyst designation.

 

Ruthann Pritchard

Ruthann Pritchard

Ruthann Pritchard is an institutional portfolio manager in the global asset allocation group at Fidelity Investments. In this role, Pritchard serves as a member of the investment management team, maintaining a deep knowledge of portfolio philosophy, process, and construction, assisting portfolio managers and their chief investment officers in ensuring portfolios are managed in accordance with client expectations, and contributing to investment thought leadership in support of the team. She is also a principal liaison for portfolio management to a broad range of current and prospective clients and internal partners, providing detailed portfolio reviews and serving as a key conduit of client objectives, requirements, and marketplace insight back to the investment team. Pritchard’s focus is on target date strategies. Prior to assuming her current position in January 2014, Pritchard was vice-president, investment consultant, in personal workplace investments, a unit of Fidelity Investments, from 2006 to 2014. Before joining Fidelity in 2006, she was a vice-president at JPMorgan Asset Management and JPMorgan Retirement Plan Services from 2000 to 2006, an associate investment consultant at Evaluation Associates from 1996 to 2000, and a research analyst at Target Investors from 1993 to 1996. Previously, Pritchard worked as an associate at First Boston from 1987 to 1991, and as an analyst/associate at Goldman Sachs from 1984 to 1987. She has been in the investments industry since 1984. Pritchard earned her bachelor of science degree in applied mathematics and mechanical engineering from Yale University. She also holds the Financial Industry Regulatory Authority series 6, 63, 7, and 3 licenses.

Stephen Utkus

Stephen Utkus

Stephen Utkus is principal and director of the Vanguard Center for Investor Research. The Center conducts and sponsors research on investor behavior and decision-making.  It also works to apply behavioral insights to real-world settings. Utkus’s personal research interests include retirement economics and behavioral finance. Utkus received a bachelor of science degree from the Massachusetts Institute of Technology and a master of business administration from The Wharton School of the University of Pennsylvania.  He is a member of the advisory board of the Wharton Pension Research Council, is currently a visiting scholar at The Wharton School of the University of Pennsylvania, and is a member of the board of trustees of the Employee Benefit Research Institute in Washington, D.C.  

 

 

Kurt Umbarger

Kurt Umbarger

Kurt Umbarger is a global equity portfolio specialist within the international equity division of T. Rowe Price. He is a vice-president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. Umbarger has 25 years of investment experience, all of which have been at T. Rowe Price. He has been a portfolio specialist since 2001 and a member of the global equity team since 2005. Prior to 2005, he worked with the international and emerging market equity teams. As a portfolio specialist, he has traveled the world working closely with institutional clients, consultants, and prospects. Umbarger earned a bachelor of science in finance from Towson University and a master of finance from Loyola University Maryland. He also has earned the chartered financial analyst designation and is a series 6, 7, 63, and 65 registered representative.




Neil Walton

Neil Walton

Neil Walton is the head of investment solutions at Schroder Investment Management. The investment solutions team provides client support across areas including investment strategy, risk management and journey planning, including our fiduciary management business. Walton is a member of the Global Product Exco, Product Development Committee, Global Distribution Executive, European Country Head’s group and a director of Schroders Luxembourg based fund platform. He joined Schroders in 2005 and set up the strategic solutions group to provide strategic and liability focused input to UK clients Walton pioneered the development of a suite of diversified multi-asset strategies and liability hedging capabilities for use by defined benefit pension plans. He broadened Schroders’ strategic input to international clients by creating the global team in 2010, with responsibilities for thought leadership and addressing complex client situations. Walton is also head of the UK Business Development Group and chair of the UK Institutional Management Committee between 2012-2015, with responsibilities for consultant relations, business strategy and client solutions. Prior to joining Schroders, he was a senior consultant at Mercer Investment Consulting in London for 15 years. Walton’s investment career commenced in 1990 when he started his consulting career. He is a fellow of the Institute of Actuaries and has a degree in actuarial science from City University. 

 

 

 

Event Location


The 2018 DC Investment Forum will take place at the Marriott Eaton Centre in Toronto.

Visit the Marriott Eaton Centre website for more information

Address:

525 Bay St
Toronto, ON, M5G 2L2
416-597-9200


Ritz Carlton Hotel

 

With further inquiries about event logistics, please contact Anya Baker, Events and Registration Specialist.