We are delighted to invite you to an exclusive dinner discussion for CFOS, Pensions Directors and Finance Directors, bringing together senior leaders to explore how defined benefit (DB) pension scheme surpluses can be strategically deployed.
Against the backdrop of the City of London Compact, this evening will offer a collaborative forum for challenge, fresh insight and forward-thinking opportunity. Together, we will examine how surplus assets can be mobilised, not just for scheme sustainability but for the broader benefit of pension members and society.
In keeping with the tradition of our curated dinners, each course will anchor a focused discussion topic, creating a dynamic and engaging environment for open dialogue among peers.
Themes will include:
We would be delighted if you could join us for what promises to be a highly engaging and impactful evening. With plenty of government announcements and new initiatives being announced between now and the dinner, we expect a lot to chew over by July.
Date: Wednesday 9 July 2025
Time: 18:00-21:00 BST
Location: EY head office, 1 More London Place, London SE1 2AF
Space is limited – we encourage you to book early to avoid disappointment.
Who should attend?
This event is open to CFO's, Pension Directors and Finance Directors.
Register here
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18:00-18:30 |
Welcome and networking drinks Kick off the evening with networking drinks and light bites. |
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18:30-18:45 |
Introduction and scene setting |
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18:45-19:15 |
Starter - Unlocking DB surplus: opportunities and challenges |
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19:15-20:00 |
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20:00-20:30 |
Dessert - The City of London Compact: a framework for responsible surplus deployment Examining how the Compact aligns with the responsible use of pension assets and supports financial security for future generations with Kevin Humpherson, Partner, Pensions Consulting, EY. |
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20:30-21:00 |
Networking night cap |
Sponsor
Founded in 1737, Van Lanschot Kempenis the oldest independent financial institution in the Netherlands. While its heritage remains a point of pride, the firm is firmly focused on the future.
Rather than offering a broad range of services, Van Lanschot Kempen specialises in a select number of areas where it can deliver the greatest value—most notably in fiduciary management and high-conviction, active investment strategies.
Venue Partner
EY provides both trustees and corporates with an end-to-end service across a pension scheme’s life from benefit design to risk transfer solutions. We bring the expertise of our covenant consultants and pensions consultants together to our clients, cultivating a partnership to co-create the right solution for corporates or trustees and their pension schemes.
Speakers
Pat Race, Managing Director, Van Lanschot Kempen
As a Managing Director and an experienced practitioner in the Client Solutions team, Patrick Race brings all aspects of the Van Lanschot Kempen services to our larger UK fiduciary management clients.
Before joining the firm, Pat was a partner at KPMG LLP and then a founding partner of Isio Group Limited as part of the sale and management buyout of KPMG’s pensions advisory business. Prior to that, Pat had a long career with Mercer Limited in the UK and Mercer Inc. in the US, leading for a period both the UK investments business and the Midwest Zone investment team, based in Chicago.
Pat’s client work has focused on large defined benefit clients (GBP 2-10bn), mainly on the corporate side but with some local authority and public fund work carried out too. Pat has advised across the full range of investment consulting topics including large scheme set-up, establishing investment principles and objectives, setting strategy and structuring LDI portfolios and hiring the right set of investment managers to deliver both public and private market client briefs.
Pat is a Fellow of the Institute of Actuaries and former examiner for the investment exams. Pat has a BSc in Mathematics from Nottingham University and maintains a close association with Citizens Advice Leicestershire having volunteered as an assessor during a recent career break.
Kevin Humpherson, Partner, Pensions Investment, EY
Kevin is a Partner in EY and leads the UK Pensions Investment team, providing investment advice and investment governance support to a range of clients including UK pension schemes, corporate sponsors, charities, endowments and global asset owners. Kevin joined EY in October 2023 and is supported by a team of 15 investment professionals across London, Edinburgh and Leeds. Kevin has worked as an investment advisor since 2011 and prior to joining EY, Kevin was a Director in Deloitte’s UK investment practice.
Kevin graduated from the University of Strathclyde with a MSc in Business and Marketing, has a BSc in Neuroscience and holds the Investment Management Certificate.
Host
Richard Giles, Senior Director & Community Lead, Pensions for Purpose
Richard Giles is an experienced pension professional as a trustee and adviser. He has a portfolio of roles at Board and senior executive level reflecting his interests in education and investing for a better planet. His roles in pensions include Chair of Investment Committee for the £2.5bn United Utilities Pension Scheme, Board member for ESPS (UU Section) and Senior Director for Pensions for Purpose.
In addition, Richard is Vice Chair for a multi-academy trust of 20 schools in Bradford, and is a board member at Bambisanani, a charity using sport to build bridges between students in the UK and South Africa.His previous roles include as Managing Director of the Teachers’ Pension Scheme, Partner at PwC and Scheme Actuary at Mercer.
Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks.
Our Community allows members to learn from leaders in the impact investment industry. We provide a trusted environment to interact, collaborate and share knowledge. Members engage in a programme of activity to shape their strategy in ESG, sustainable and impact investments.
For more information, please email the Membership Manager.
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