Explore some of the mistakes schemes have made over the years and what can be done to make sure history doesn’t repeat itself.
Part A: LEARN
What did we learn at the Imagine Conference?
A re-cap session: What is “Black Box Thinking” and how can it be applied to different industries?
Part B: SOLVE
Applying “Black Box Thinking” to the pensions industry
Cardano will provide real world examples of mistakes made by different pension schemes. We will work together to analyse and understand the lessons learnt, and identify ways to prevent mistakes happening again.
Part C: SHARE
Share your experiences, tools and working habits with your peers in a relaxed, Chatham House Rule environment.
Learn how to manage an uncertain future with PensionSim: a trustee training tool which simulates the complex integrated risk management factors involved in managing a pension scheme. Like pilots honing their skills in flight simulators, you will be able to apply what you learn in the simulation environment for the benefit of your real-life scheme.
You will be able to see and discuss the impact that your decisions have on the scheme and receive constructive feedback on your performance in this highly interactive workshop.
• Introduction to PensionSim
• How to play? Rules of the virtual scheme
• Play the simulation! Operate the pension fund for 15 years with each triennial valuation period lasting around 15 minutes.
• Adjust the investment mix, cover market risks and decide on funding targets, whilst stock prices, interest rates and inflation will rise and fall, simulating real world events.