Corporate Wisdom with Ashok Gupta, PLSA DB Taskforce

Time:
17:30 - 20:00
Speaker:
Ashok Gupta, PLSA DB Taskforce
Location:
Leeds University Business School, Maurice Keyworth Building, Lecture Theatre G.02
Who can attend:
University of Leeds staff, student, alumni and external guests who have an interest in the topic

Registration is now closed

Ashok Gupta
Chair 
The Pensions and Lifetime Savings Association
Defined Benefit Taskforce

The Destruction of Long Term Finance

Ashok Gupta has spent his career in those areas of finance best able to provide long-term capital to invest in the building of businesses and infrastructure, namely pensions, insurance and investment; initially as a consultant, then as an executive and more latterly as an entrepreneur. Throughout this period he's witnessed both a decline in investment horizons and a replacement of investment activity by trading activity.

Drawing on his recent work with the Bank of England on institutional investment and his current work leading an industry review of the Defined Benefits pensions sector, he'll describe how financial systems have become corrupted, in part by modern financial theories and approaches to managing risk, undermining their ability to fulfil their original purpose. Ashok will also propose potential solutions.

About the Defined Benefit Taskforce

The DB Taskforce  was set up by the PLSA in March  2016 to  undertake a review of the challenges currently facing funded defined benefit (DB) pension schemes, and make recommendations to Government which will (a) help ensure the sustainability of open DB schemes and (b) help closed DB schemes run off more efficiently and ultimately secure member benefits.

Event format

17:30 Registration
18:00 Presentation followed by Q&A
19:00 Networking and refreshments
20:00 Close

About the speaker

 Ashok Gupta is Chair of the PLSA DB Taskforce. He divides his remaining time between directorships and entrepreneurial activities.He is an non-executive director of New Ireland Assurance, JP Morgan European Smaller Companies Trust, the Ethical Journalism Network and is a member of the FRC Codes and Standards Committee and Actuarial Council. He also chairs eValue Investment Solutions.He was recently joint deputy chair of a Bank of England Working Group on Procyclicality. He was formerly Chair of AA Insurance Services, Chair of Skandia UK, a Founder Director of the Phoenix Group, an NED of the Pensions Regulator and NED of J Rothschild Assurance plc (now St James Place Capital). His executive career has included Group Strategy Director at CGU (now Aviva), FD & Actuary of Scottish Amicable and a Principal of Towers Perrin.

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