Summit Agenda
Pension Investments and Reforms: Key to Africa’s inclusive growth, development, and social impact.
Day One
Wednesday, 09 December 2020
07.45-08.30 | REGISTRATION
08.30-08.45 | Opening remarks [Event Chair ]
08.45-09.30 | KEY NOTE: PENSION FUNDS REFORMS IN AFRICA
Accelerating Africa’s Pension funds policy and regulatory reforms to increase coverage, strengthen governance and better returns.
Key areas of focus
- Reforms, Supervision and administration of funds
- Pension system designs
- Regulatory Frameworks
- Investment reforms’
- Governance and best practices
Presenter: Wayne Hiller Van Rensburg– CEO, Pension Matters / Immediate former President of the Institute of Retirement Funds Africa (IRFA)
08.45-09.30 | ASSET PRESCRIPTION:
Should pensions funds invest in prescribed assets? Across Africa pension funds have been identified as potential sources of funding for state infrastructure and key economic development projects leading to industry concerns regarding Asset Prescription.
Highlights:
- Asset allocation / portfolios
- Risks & Returns-Challenges of prescription
- Regulatory limitations /allocations
- Governance considerations
- Fiduciary obligations of trustees
- Capital markets distortions
Presenter: Rosemary Hunter-Partner, Fasken Attorneys
09.30-10.15 | PENSION COVERAGE: CASE STUDY Micro-Pensions in Rwanda.
With over 80% of Sub-Saharan Africa’s workforce not covered by any form of pension system or retirement savings, Micro pensions can be the catalyst in providing access to financial services and retirement savings and increasing of pension coverage in Africa especially in the informal sector.
Highlights:
- Micro pensions in Rwanda
- Financial inclusion Demographic challenges
- Old age poverty
- Coverage of the informal sector
- Fintech and pensions
Presenter: TBC
10.15-10.30 | NETWORKING TEA BREAK
10.30-11.15 | POST COVID 19- BENEFITS DESIGNS AND INNOVATION OPPORTUNITIES
- Impact of digital transformation in Pension administration
- Drivers of change and product innovation opportunities
- Impact of Covid19 in pension administration
- Conflict management in pension schemes –Case study-Kenya
Presenter: Simon Wafubwa, Managing Director, Enwealth Financial Services, Kenya
11.15-12.00 | GOVERNANCE; CASE STUDY HOW TO IMPROVE GOVERNANCE OF PRIVATE PENSION FUNDS: THE ZAMBIA PENSIONS AND INSURANCE AUTHORITY’S EXPERIENCE
Hightslights
- PIA Governance Experiences
- ESG Considerations in decision making
- Compliance
- Fiduciary guidelines
Presenter: Tresford Chiyavula, Deputy Registrar, Pensions- Pensions and Insurance Authority, Zambia
12.00-01.00 | PANEL DISCUSSION; THE REFORM DEBATE
This interactive session will look into key policy and regulatory reforms in Africa with a panel of industry leaders and stakeholders from across Africa.
Highlights:
- Pension management & supervision
- Regulatory and policy reforms
- Compliance, risk and governance
- Investment & regulatory reforms
- Fiduciary obligations of trustees and principal officers
Moderator: Wayne Hiller Van Rensburg
Panelists:
Simon Wafubwa, CEO, Enwealth Financial Services, Kenya
Rosemary Hunter, Partner, Fasken, SA Tresford Chiyavula, Deputy Registrar-Pensions, Pensions & Insurance Authority, Zambia
Aakash Mishra, Assistant Director, Insurance and
Pensions -FSC Mauritius
01.00-02.00 | NETWORKING LUNCH
02.00-02.45 | PENSION REFORMS IN MAURITIUS
Mauritius has implemented key pensions and economic reforms making it a key retirement and investment destination. Lessons for the rest of Africa.
Highlights:
- Mauritius Pensions at a glance
- Key reforms and regulatory frameworks
- Offshore pension fund administration
- Investment reforms
- Retirement and investment destination incentives
Presenter: Aakash Mishra, Assistant Director, Insurance and Pensions -Financial Services Commission, Mauritius
0.2.45-03.30 | THE ROLE OF INSTITUTIONAL INVESTORS (incl.PENSION FUNDS) IN CAPITAL MARKETS DEVELOPMENT & ECONOMIC GROWTH
Highlights:
- National savings & liquidity
- Capital market development
- Financial innovation & development
- Economic growth & high returns
- Impact on Financial efficiency & transparency
Presenter: Nicole Comninos, Chief Risk Officer, Johannesburg Stock Exchange
03.30-03.45 | NETWORKING TEA/COFFE BREAK
03.45-04.30 | PANEL DISCUSSION: UNIVERSAL PENSION SYSTEMS
Are universal pension systems the solution to solving Africa’s coverage gap. Are these systems viable in Africa. Open discussion moderated by event chair. (Audience participation encouraged)
Highlights:
- Pension system and benefit design
- Fiscal pressures and viability
- Old-age poverty/protection
- Informal sector coverage
- Key reform challenges
- Postretirement healthcare
- Demographic challenges/ longevity
Moderator: Event Chair
Panelists: TBC (Includes 2 audience participants)
04.30-04.40 | CLOSING REMARKS BY EVENT CHAIR
Are universal pension systems the solution to solving Africa’s coverage gap. Are these systems viable in Africa. Open discussion moderated by event chair. (Audience participation encouraged)
Highlights:
- Pension system and benefit design
- Fiscal pressures and viability
- Old-age poverty/protection
- Informal sector coverage
- Key reform challenges
- Postretirement healthcare
- Demographic challenges/ longevity
Moderator: Event Chair
Panelists: TBC (Includes 2 audience participants)
Day Two
Thursday, 10 December 2020
07.45-08.30 | REGISTRATION
08.30-08.45 | Opening remarks [Event Chair ]
08.45-09.30 | KEY NOTE: CLOSING AFRICA’S INFRASTRUCTURE FUNDING GAP. THE ROLE OF INSTITUTIONAL INVESTORS.
Highlights:
- Africa Infrastructure funding gap
- Africa Infrastructure Investment opportunities
- Risks and returns
- Pension Investments
- Economic growth & development
Presenter: Hurbert Danso, Chairman & CEO- Africa Investor
09.30-10.15 | IMPACT INVESTING POST COVID-19
If there was better time to consider impact investing, its Now. As investors and stakeholders continue the push for the integration of sustainability considerations into investment decisions, the post COVID19 environment offers compelling reasons for Impact investing. Are pension funds weighing in on the risk/return trade-offs to achieve their sustainability/impact objectives?
Highlights:
- Socially responsible Investing
- Impact and returns objectives
- Measuring Impact / Impact risks
- Post Covid19 considerations
- Sustainability objectives
- Impact washing
Presenter: Lindiwe Mafavureh, Founder/ CEO, LCM Capital, Botswana
10.15-10.30 | NETWORKING TEA BREAK
10.30-11.15 | DIVERSIFICATION-OFFSHORE INVESTING
Offshore investing strategy helps investors attain their diversification objectives across asset classes, industries, currencies and even companies by minimizing exposure to particular markets/assets etc.
Highlights:
- Reduction of Portfolio risk/ Concentration risks
- Exposure to growth Markets
- Portfolio construction and optimization
11.15-12.00 | CASE STUDY: INFRASTRUCTURE INVESTMENTS: KENYA PENSION FUNDS INVESTMENT CONSORTIUM
Established in 2018 initially by six local funds, Kenya Pension Funds Investment Consortium (KEPFIC), allows the member funds to share costs, knowledge, and due diligence teams necessary for exploring investment opportunities. Can this model be replicated across Africa?
Members: 18 Current members in 2020 & 6 Additional are in the process of joining. The consortia assists members with,
- Capital mobilization
- Increased bargaining power. Challenges and opportunities
Presenter: Sundeep Raichura, CEO, Zamara Kenya / Chairman, KEPFIC
12.00-01.00 | THE ALTERNATIVE INVESTMENTS DEBATE
Alternative investments such as private equity, real estate or infrastructure are well aligned with pension funds long-term investment horizons and by their very nature offer better portfolio risk management through diversification.
This session will focus on;
Highlights:
- Investing in Alternatives
- Diversification
- Governance
- Regulatory & supervisory guidelines for investments
Moderator: Hurbert Danso- CEO, Africa Investor Panelists:
Sundeep Raichura-CEO,Zamara Kenya/ Chairman – KEPFIC
Semoli Makhonoi-Head, SADC- Mergence Investment Managers
Tanya Van Lil-CEO, SAVCA
TBC-Economic Development Board, Mauritius
01.00-02.00 | NETWORKING LUNCH
02.00-02.45 | RISK: CYBER SECURITY THREAT FOR PENSION FUNDS
Pension funds hold critical personal and financial data/details of members and are increasingly becoming potential targets of cyber-criminals. How can pension funds ensure members’ data is not compromised.
Highlights:
- Cyber risks-Social engineering, malware, hacking, ransomware
- Assessment, identification and management of cyber threats
- Cyber resilience- Managing threats/attacks
- Information Technology infrastructure and personnel for schemes
- Reporting and management of cyber threats
- Duties and obligations of trustees regarding cyber attacks/ GDPR
Presenter: TBC
02.45-03.30 | PRIVATE CREDIT; IMPACT INVESTING
(Highlights to follow)
Presenter: Dharmesh Dayal, Client Director, Origin funding partners
03.30-03.45 | NETWORKING TEA/COFFE BREAK
03.45-04.30 | TECHNOLOGY AND PENSION FUNDS EMERGING TECHNOLOGIES REVOLUTINIZING PENSIONS INDUSTRY
Highlights:
- Block Chain Technologies
- AI/Machine Learning
- Impact of technology on costs/roles of advisors
- Advisory, research and data capabilities
- Analytics and prediction
- Improved member communication
Presenter: TBC
04.30-04.40 | CLOSING REMARKS BY EVENT CHAIR
-END OF DAY 2-
Day Three
Thursday, 11 December 2020
HALF DAY WORKSHOP
07.45.08.30 | REGISTRATIONS
08.30-08.45 | OPENING REMARKS BY EVENT CHAIR
08.45-12.30 | HALF DAY WORK ON GOVERNANCE, EMPLPOYEE BENEFITS AND INVETSMENT MANAGEMENT
This halfway workshop will equip trustees and principals officers with critical skills, insights and knowledge on key aspects of their fiduciary duties and will cover topics on governance, employee benefits, trustee development and training, Investments, risk and compliance and investment management strategies.
Facilitator: TBC/
The facilitator of this workshop is an industry leading trustee trainer with over 20 years of experience training trustees, principal officers and investment managers on essential skills and obligations necessary for managing and administering pension funds across sub-Saharan Africa.
Facilitator Bio: