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From

02 May 2019 19:00

To

22:00

Venue

The Ned
27 Poultry, London, EC2R 8AJ, England, United Kingdom
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mallowstreet University Dinner: Navigating the Road to Buyout - PIC

As pension funds map out their ‘end game’, many are working out how to fully transfer their liabilities to an insurer. We will specifically cover:

• How to structure a portfolio – what types of assets are attractive to an insurer

• What makes an insurer take one process more seriously than another?

• Are there times where you can secure better pricing than others?

• Should you use new advisers to help run your process?

This dinner is available exclusively for pension fund decision makers and their advisors and is eligible for CPD accreditation.

Program

Time Description
19:00

Guest Arrival

Welcome drinks served
20:00

Seated for Dinner

Dinner served followed by presentation
22:00

End

Speakers

  • Mitul Magudia

    Mitul heads the Business Development division at Pension Insurance Corporation with responsibility for new transactions. Mitul, a qualified actuary, joined PIC at its outset, 10 years ago, and has been instrumental in building the business from a start-up insurer to a market leader in the bulk annuity sector with over £25bn of assets.

    During that time, PIC has completed over 150 transactions and Mitul has led a number of high profile cases including the largest full buyout of a UK pension scheme, the £2.4bn settlement of the Philips UK Pension Fund and the second largest pensioner buy-in, the £1.7bn Total Pension Scheme transaction. He has also been involved in a number of innovative and pioneering transactions with a range of different organisations including FTSE100 companies, multinationals, charities and quasi-public sector groups

  • Jay Shah

    Jay heads our Origination team and has led a number of pension insurance transactions, for example, £500m and £200m bulk annuity buy-ins for the Cadbury scheme and London Stock Exchange schemes respectively. Jay was previously actuarial adviser and Director of Corporate Finance at PricewaterhouseCoopers and then Corporate Development Director at Prudential UK where he led on £1bn bulk annuity transfers from other insurers. More recently he was founder and Board member of the specialist bulk annuity insurer, Synesis Life, which is now part of Pension Insurance Corporation. Jay has 25 years of experience in the insurance and pensions sector having qualified as an actuary in 1991.