Time for Transparency in Asset Management, Investment Consulting and Fiduciary Management

Online symposium using interactive Zoom. 

Tuesday, June 2nd, from 1:00pm until 4pm, UK time

With much thanks to our event sponsors:

Other sponsorship opportunities available – please get in touch

All places need to be booked in advance, please

Use the button below to book your place.

Once your place is secured, you will be automatically Emailed the details you need to access the event through interactive Zoom – please be sure to enter your Email address correctly. 

For any queries please contact us.

Executive Summary

This Symposium is dedicated to discussing and debating the work that has been undertaken by various parts of the regulatory framework including of the Competition & Market Authority, the Financial Conduct Authority and the Pensions Regulator; as it relates to the Asset Management, Investment Consulting and Fiduciary Management sectors. 

Our overall purpose for the event is to shine a bright light onto these important areas, in keeping with the TTF’s mission to encourage ongoing reform of the financial services sector, so that it serves society better.

As you will no doubt be aware, the CMA, FCA and tPR have been very active in these areas, with a view to fulfilling their statutory duties to protect consumers interests and provide well-governed, free and competitive markets. 

There have been extensive investigations and ground-breaking forensic analysis into the workings of the Asset Management, Investment Consulting and Fiduciary Management sectors. Our symposium represents a great chance to take stock of all the changes that have been introduced and to consider the extent to which they are delivering the improvements that were intended. 

Perhaps the major regulatory interventions have been the FCA’s Asset Management Market Study and the subsequent CMA investigation back in September 2017 and their eventual “Final Remedies”. Of course, TPR have been dealing with some of the direct consequence of the output from both. 

These various regulatory developments represent much more than just an academic or abstract interest to our community; because if they work as intended, they will provide for better outcomes to the people that really matter in our markets – the asset owners, trustees and pension scheme members.

Through the symposium, we’ll be able to consider key questions such as:

  • Are we still on track for meaningful reform of the system?
  • Have the potential competition problems identified by the FCA and CMA been properly dealt with?
  • Are there still reasons to be concerned about conflicts of interest?
  • Have the regulators created a level, competitive and open market; or is it in some way skewed?
  • To what extent are “the big 4” now dominating market dynamics in the investment consulting and fiduciary management space?
  • Will the changes being introduced, fix the “adverse effects on competition” that had been identified?
  • How have the various stakeholders dealt with interpreting and executing the regulatory reforms?
  • Are we witnessing any unintended consequences?
  • Is it definitely too late to impact policymaking in this space?

Furthermore, we’ll be taking a look at two areas where consumers could still be missing out – Scrip dividends and securities lending; prepare to have your eyes opened. 

All in all, this symposium is a “not to be missed” event for anybody keen to stay in touch with the complex market dynamics and the ongoing regulatory interventions in the asset management, investment consulting and fiduciary management space.

Who should participate?

Given the topics being covered, this event will be particularly appealing to:

  • Policymakers and Regulators in the asset management, investment consulting and fiduciary management space
  • Asset Managers, Investment Consultants and Fiduciary Managers
  • Asset Owners in including pension scheme trustees
  • Chairs of Investment Committees
  • Pension Managers
  • Legal professionals acting in the investment space
  • Wealth managers and Financial Planners
  • Governance, compliance and regulation professionals
  • Media professionals with relevant publications

All places need to be booked in advance, please

Use the button below to book your place.

Once your place is secured, you will be automatically Emailed the details you need to access the event through interactive Zoom – please be sure to enter your Email address correctly. 

For any queries please contact us.

What’s the purpose of this symposium?

This symposium represents one more step forward in our collective efforts to galvanise support for positive, progressive and purposeful finance reform.

Our event is part of a major international initiative about creating an over-arching framework for finance reform. At the heart of that framework for finance reform are the 12 Finance Development Goals that we are developing with the many TTF members around the world. 

We already know that the financial services sector as a whole has a significant reputation problem – the key takeaway from the Edelman Trust Barometer is:

“…at 57 percent trust among the general population, financial services remain the least-trusted sector measured by the Trust Barometer.”

…and that’s obviously a major issue for a sector that has to be trusted to function successfully.

It is clear that there is far too much adverse publicity about the financial services sector; and that it is having a long-lasting and highly damaging effect on the reputational integrity of the sector. 

This is a serious and systemic issue that needs to be resolved.

Our symposium creates a first-class opportunity for a wide range of stakeholders to share their thoughts around what needs to be done; how best to do it and who should take responsibility for fixing what seems to be broken; or at least very badly damaged. 

You can expect to be ‘amongst’ progressively minded and collaboratively minded people.

On the basis that “progress begins with realism” we’ll be we will be running the event as a forum to enable everybody to “say it as they see it” and thereby facilitating the kind of candid yet constructive discussion that is needed to help move matters forward.

We don’t think any one person or organisation has all the answers; and we also think that all answers are worth listening to, so if you’ve got a point of view that you’d like to share, and are keen to hear the views of others, this is definitely an event for you.

Format

We’re in trying times because of Covid-19.

So, it’s time for agility and adaptability, resilience and innovation.

As a consequence, this symposium is being run as an online event.

We will be using interactive Zoom, a highly effective online platform which means we can run this symposium as an ultra-convenient and wonderfully efficient event; all this, without you needing to leave your home or office.

You’ll just need access to a computer with Broadband connection. 

We will be structuring the event in such a way that it will be as engaging and as interactive as we can possibly make it. We’ll  be working hard to create as “life-like” an event as possible, with every opportunity taken to create interaction and engagement.

There will be several presentations with Q&A sessions and even a breakout session where attendees will be able to discuss particular topics amongst themselves and then report back on their findings. 

There will also be an open discussion and debate session towards the end.

All places need to be booked in advance, please

Use the button below to book your place.

Once your place is secured, you will be automatically Emailed the details you need to access the event through interactive Zoom – please be sure to enter your Email address correctly. 

For any queries please contact us.

Here’s the programme and timings, so far*

13:00

Welcome to the symposium, introductions and initial exploration of the main issues; plus “Why we must rebuild trustworthiness and confidence in financial services; and how we can do it” by 

Andy Agathangelou FTTF FRSA, Founder, Transparency Task Force; Governor, Pensions Policy Institute; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees.

https://www.linkedin.com/in/andy-agathangelou-0295311

13:20

Presentation #1, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

Roy Zimmerhansl, Practice Lead at Pierpoint Financial Consulting; owner, FinTuition; former Vice Chair of the International Securities Lending Association; former Global Head of Securities Lending, HSBC; former Product Specialist, Trading Apps Ltd; former Director of the Pan Asia Securities Lending Association, former member of the Bank of England’s Securities Lending and Repo Committee; former expert witness in securities finance legal costs in both the USA and the UK; former Head of Electronic Securities Lending, ICAP PLC; former Director, Deutsche Bank; former Managing Director, Rabobank; former Director, Nomura International; former Vice President, Chase Manhattan Bank

https://www.linkedin.com/in/royzimmerhansl/

on “Securites Lending – what you really need to know; and why you really need to know it”

 

13:35

Presentation #2, for 15 minutes + 10 minutes Q&A with facilitated discussion, by

Jonny Ruck, Co-Founder & CEO at Scorpeo; former Executive Director and Head of Corporate Event Arbitrage at Nomura International

https://www.linkedin.com/in/jonathan-ruck-24641587/

and

Sander Eijkenduijn, Co-Founder and Chief Financial Officer at Scorpe; former Head of Delta Once Structuring at Nomura; formerly with PriceWaterhouseCoopers

https://www.linkedin.com/in/sander-eijkenduijn-1108b0167/

on “Opportunities to Optimise Outcomes in the Investment Space through Corporate Actions”

14:00

Short leg-stretch and comfort break, for 15 minutes

14:15

Breakout & Report Back Session, on 

“What are the remaining greatest challenges; and how could they be tackled?” for 30 minutes in total

 – 20 minutes for discussion within the Breakout Group

and 

 – 10 minutes for the Report Back session

Breakout Session Conference Meeting People Signs 3d Animation

14:45 

Presentation #3, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

15:00

Short leg-stretch and comfort break, for 15 minutes

15:15

Presentation #4, for 10 minutes + 5 minutes Q&A with facilitated discussion, by

15:30

Open discussion & debate, 25 minutes

15:55

Final conclusions; and suggested next steps, by

Andy Agathangelou FTTF FRSA, Founder, Transparency Task Force; Governor, Pensions Policy Institute; former Founding Chair, Friends of Automatic Enrolment; former Founding Chair, Association of Member Nominated Trustees.

https://www.linkedin.com/in/andy-agathangelou-02953113

16:00

Final close

 

All places need to be booked in advance, please

Use the button below to book your place.

Once your place is secured, you will be automatically Emailed the details you need to access the event through interactive Zoom – please be sure to enter your Email address correctly. 

For any queries please contact us.