Summit Agenda
Day One
28 JULY 2021
07:30
Registration and welcoming
08:15
Opening remarks by the event Chairman
08:20
PANELISTS:
SIMON WAFUBWA, CHIEF EXECUTIVE OFFICER, Enwealth Financial Services , (Kenya)
CUTHBERT MUNJOMA, DIRECTOR OF PENSIONS, Pensions and Insurance commission, (Zimbabwe)
OGUCHE AGUDAH, : Chief Executive Officer (CEO) , Pension Fund Operators Association of Nigeria (PenOp)
MODERATOR:
09:10
PRESENTER:
09:40
Mid-morning refreshments and networking.
09:55
PRESENTER:
10:25
PRESENTER:
DR. COLIN HABBERTON, COFOUNDER, THE RELATIV GROUP
10:55
PRESENTER:
11:25
Pension funds face a myriad of risks from investment risks, funding and investment risks to solvency/liquidity risks etc within their portfolios . Identification, assessment, measurement and management of these risks is therefore critical across all asset classes. How can pension funds mitigate these risks, weather associated volatilities and optimise returns.
PRESENTER:
12:00
Highlights
- Pension Coverage in Africa
- Micro pensions /insurance
- Challenges and opportunities within the informal sector
- Innovative Product and scheme design
- How technology can drive financial inclusion
PANELISTS:
LUCAS GREYLING, CHIEF EXECUTIVE OFFICER, Rocket Insuretech , (SA)
CAROLINE TUNU, SENIOR MANAGER, Insurance/Pensions, Kenya Ports Authority, (Kenya)
ISSAKA IBRAHIM, HEAD, Metropolitan Pension Trust , (Ghana)
MODERATOR:
13:00
14:00
- Pension Fund Governance Structures as defined by Law in Zambia
- Operationalising the legally defined structures
- Conflicts in the Boards of Trustees and suggested solutions
PRESENTER:
DR. CHIMUKA LEO HAAMUKWANZA, CHIEF EXECUTIVE OFFICER, Mukuba Pensions Trust, (Zambia)
14:45
Discharging fiduciary duties while navigating the current financial distress of business uncertainty caused by the Covid19 Pandemic, pension and retirement fund trustees need to be fully equipped to place unwavering commitment to the basics of fiduciary duties for than ever. Our keynote speaker for this session will chronologically advise and put forward tactics and strategies that trustees can implement to strengthen their positions in making sure the navigate these challenging times with a clear vision and purpose.
PRESENTER:
15:15
15:30
- Key challenges faced by retirees when it comes to access of quality healthcare & housing
- Solutions available in the markets
- Policy review & recommendations : Case study on Kenya
- Strategies to unlock healthcare & housing whilst maintaining the recommended IRR.
PRESENTER:
16:00
Legislatively, retirement funds have had to provide their members with services such as benefit counselling and default options. The positive impact of these interventions is already evident as more members exercise the preservation and annuitisations options available to them.
These interventions however do not spare the members from the consequences of historic insufficient provision or inadequate planning. While the above interventions are
a commendable development, what else can be done to improve member outcomes? We propose the intervention of timely individualised financial planning and will explain how in the session.
PRESENTER:
16:30
- We manage 24 strategies:
- Globally-All Country World, Developed Markets, Emerging Markets.
- Regions- E.A.F.E., Europe.
- Country Specific- Japanese, South African, United Kingdom, United States of America
PRESENTER:
17:00
17:30
18:30
Day Two
29 JULY 2021
07:45
REGISTRATION AND WELCOMING REFRESHMENTS
08:30
08:35
The Eskom Pension and Provident Fund is one of the largest pension funds in South Africa and the Africa continent with approximately R150 billion in AUM’s and around 80,000 members.
The Eskom Pension and Provident Fund (“EPPF” or
“the Fund”) is a major asset owner in the South African economy, with around R150 billion under management. EPPF members belong to one of the largest and most robustly funded pension and benefit schemes in the country – second only in size to the GEPF. It is a self- administered defined benefit pension fund that has approximately 80,000 members (active members and pensioners).
A key measure of the Fund’s health is the funding ratio. The funding ratio is the market value of the Fund assets divided by its liabilities. The EPPF’s funding ratio for each of the last 10 years has been greater than 100% indicating a very healthy financial state. The Fund invests in various asset classes, and its investment performance is not linked to that of Eskom Holding (SOC) Limited.
- Overview, Management and administration of the fund
- Key investments and allocations across asset classes
- Local and continental opportunities and investments
- Investing in alternative assets- key focus on infrastructure and social impact
- Key performance indicators and funding insights
PRESENTER:
09:20
PRESENTERS:
RANDOLPH OOSTHUIZEN, INVESTMENT PROFESSIONAL, OLD MUTUAL INVESTMENT GROUP
10:05
MID-MORNING REFRESHMENTS
10:20
PRESENTER:
10:50
- Incorporating ESG considerations into investments decisions
- Financial returns vs social impacts
- Risks and returns
- Real time Digital ESG tracking
- Gender smart Investing and diversity
- Climate risks
PANELISTS:
ROBERT RUBINSTEIN, FOUNDER /CHAIRMAN, TBLI group
GERRIT HEYNS, CO-FOUNDER/ DIRECTOR, Proof of Impact
ANDREY BOGDANOV, PRINCIPAL and INTERIM CHIEF EXECUTIVE OFFICER , Risk Insights
MODERATOR:
11:30
- If you invest, you are exposed to fraud. Inherent in the system. Funds need a watching brief and a response.
- Not new science. We have recovered more than $2bn in losses for clients such as BlackRock, Charles Schwab, major union funds, and the pensions funds of several counties, cities, and states.
- NEVER the fault of the asset manager, principal officer, trustees. Fraud is hidden. Thorough due diligence will not uncover it. The alleged misconduct is with the investee company, such as Boeing or Kraft-Heinz.
- The settlement or litigation is against a foreign company in a US court. So not offending anyone at home.
- No up-front cost to the fund. Lieff Cabraser only earns a fee after successfully recovering for the fund.
- Surely, there is a duty to consider recovery: when there is significant loss in the value of a fund, we will review the loss and consider investment recovery.
PRESENTERS:
12:00
- An overview of Alternative Investments
- Investment opportunities within Alternatives
- Asset allocation
- Portfolio diversification
- Risks, Opportunities and uptake challenges
- Superior financial returns and social Impacts
PANELISTS:
TANYA VAN LIL, CHIEF EXECUTIVE OFFICER, Southern African Venture & Private Equity Association (SAVCA) , (SA)
THABO MOTEA, CHIEF FINANCIAL OFFICER, Ethos Asset Management, (USA)
SALUM AWADH, CHIEF EXECUTIVE OFFICER, SSC Capital,, (Tanzania)
MODERATOR:
13:00
Luncheon and Networking
14:00
PRESENTER:
ELIZABETH RABVUKWA, CHIEF EXECUTIVE OFFICER: ZIMNAT INVESTMENT CLUSTER, ZIMNAT GROUP PENSION FUND
14:30
Lesotho is a relatively new player in modern pension funds regulation having enacted a new law in 2019 which came into effect in 2020. There is, at least, an estimated sum of M14 billion of pension fund assets under management in Lesotho and the space is dominated by South African and some international players.
The Pension Funds Act of 2019 positions the Lesotho Pension Funds industry to order its affairs in a manner that conforms with basic international norms regarding pension supervision, governance and compliance. Having to adjust to a new, transformative law in the midst of a major
shock such as the COVID 19 pandemic presents a unique challenge to the industry.
One of the outstanding features of the Pension Funds Act 2019 is Regulation 6 of the Pension Funds (Investment) Regulations of 2020 which requires 30% local investment by pension funds. The presentation will zone in on the supervision, governance and compliance aspects revolving around Regulation 6 in the context of the pandemic and future proofing that domestic investment requirement in an economy that lacks diversification and certain features that might be important to pension funds.
PRESENTER:
15:00
15:15
This session will look at how technology and digital innovations can play a catalytic role in the growth and development of the pensions industry and improving pension coverage across the continent.
African Pensions Landscape
- The Brookings Institution estimates that African pension funds can invest about $11.7 billion annually in infrastructure projects.
- In South Africa, the pension fund industry’s combined assets under management amounts to $500 billion and they own approximately 40% of the assets on the Johannesburg Stock Exchange.
- Nigeria’s Pension Industry Asset Under Management Increased by 17.9% YoY to N12.30trn in Jan 2021.
- Agusto Co Forecasts Nigerian Pension Assets to hit the $20trn mark by 2023
- Total African pension fund is growing at over 30 per annum and as far as Latin America.
PRESENTER:
15:45
Quantifying The Non-Financial Impact of Investing
Investing for impact is about more than just about the financial return achieved. But how does one measure the social (non-financial) impact of one’s investments? Can various forms of impact can be consolidated into a single measure? The presentation will focus on how one can quantify these impacts into financial measures using
Social Return on Investment (SROI). Initially conceptualised in early 2000’s for use by philanthropic organisations, it has expanded due to the need for more sustainability reporting. We show how one could use the concept in evaluating the impact of investments for institutional investors
PRESENTER:
ASIM GANI, DIRECTOR, INDEPENDENT ACTUARIAL CONSULTANTS (IAC)
16:20
PANEL SESSION: THE FUTURE OF AFRICAN PENSIONS AND RETIREMENT INDUSTRY -WHERE DO WE GO FROM HERE
This session will explore key drivers and challenges to the growth and development of the African Pensions
industry from technology, Investment strategies and asset allocations, innovation, reforms , coverage, population dynamics and policy development.
Panellists:
ELIAS MASALILA, CHAIRMAN, DNA Economics
CUTHBERT MUNJOMA, DIRECTOR OF PENSIONS, Pensions and Insurance commission, (Zimbabwe)
SALAMATU IDRIS LSAH, SPECIAL ADVISER ON ECONOMIC AND INVESTMENT MATTERS/ EXECUTIVE SECRETARY OF THE KADUNA STATE PENSION BUREAU, Kaduna State (Nigeria)
Moderator::
17:00
Day Three
30 JULY 2021
SEPARATELY BOOKABLE WORKSHOP!
HALF DAY WORKSHOP
PENSION AND RETIREMENT TRAINING WORKSHOP FOR TRUSTEES AND PRINCIPAL OFFICERS
08:00
Registration, welcome remarks and refreshments
08:45
Session 1
INVESTMENT PERFORMANCE BENCHMARKING IN A PANDEMIC:
This workshop provide insights into performance benchmarking and directly link it to investment in the pension and retirement fund industry. This will be a practical learning exercise where the presenter and facilitator will discuss and demonstrate how performance evaluations and benchmarking positively affects Fund Managers’ attitudes to risk, to motivation and to time horizons.
FACILITATOR /PRESENTER:
10:30
13:00
11:00
Session 2
TRUSTEESHIP AND GOVERNANCE OF RETIREMENT FUNDS.
FACILITATOR /PRESENTER:
12:30
13:00
Luncheon and networking
14:00
End of Lunch
SEPARATELY BOOKABLE:
WINE TOUR AND TASTING AT GROOT CONSTANTIA WINE FARM:
Enjoy some wine and snacks at a relaxing afternoon wine tasting and tour with industry colleagues and peers after 3 days of conferencing and appreciate some beautiful views of the Cape Town Groot Constantia Fine Farm.
14:30
Bus departs from Radisson Blu Hotel Waterfront to Groot Constantia Wine Farm
15:00
Arrival and welcome
15:15
Wine farm tour
15:45
Wine tasting, snacks and networking
16:45
Bus departs back to Radisson Blu Hotel Vendome
17:15
Arrival back at the hotel