HYBRID (in-person & live-streamed)
Forum 2024
Annual UP 2024Best Practices in Unit Pricing 2024 Forum
20th - 21st May, Novotel Central Sydney
Days
Hours
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About The Event

This annual forum has been embraced by industry participants for more than a decade. It provides valuable insights for new participants as well as highlighting emerging trends for more experienced delegates. Speakers include some of the most widely recognised authorities on unit pricing in the industry. Their presentations will provide opportunities to share their experiences and thoughts throughout the two-day Forum. Topics at this year’s forum include a reflection on the traditional unit
pricing models adopted by service providers and considers whether the “use by date” may be approaching or whether these models have and will continue to stand the test of time. The valuations of unlisted assets have been a focus of finance industry regulators, superannuation funds and investment managers throughout this year and we will examine the key issues and how they may impact
on the integrity of unit prices. Further topics include arbitrage mitigation, automation and technology, unit pricing control frameworks and insights into service providers methodologies and challenges.
The forum is suitable for anyone engaged in the unit pricing process from the most junior to the most senior members of an organisation. The forum will also be informative and interesting for those wishing to gain some insights into unit pricing from the outside.

Topics Covered at the Conference
  • Future Unit Pricing Challenges
  • Coming through COVID: Unit pricing lessons from the pandemic
  • Arbitrage opportunities in volatile markets
  • Why the valuation of unlisted assets can have a material impact on the integrity of unit price
  • Is arbitrage a thing of the past or is it becoming a greater issue as consumer
  • Implementing RPA and/or AI in your unit pricing processes.
  • Fully automated unit pricing: is this the future?
  • The role of indexing in Unit Pricing. Is it common practice? Pros and cons
  • Insights into a service provider’s control framework
  • Building unit pricing validation model
  • Taking responsibility for errors
  • What are the appropriate ‘oversight’ controls of outsource providers
  • Impacts of different ‘tax wash up’ approaches
  • The typical superannuation fund unit pricing structure. Is it outgrowing its usefulness
  • The impact of regulatory changes on super funds and unit pricing
  • After-tax investing: what can we learn from our unit price tax provisions?
  • Super fund mergers and unit pricing impacts
  • The great migration from super accumulation to pension – specific unit pricing issues and opportunities raised by this great migration?
  • Operational Due Diligence in particular unit pricing aspects
  • Unit pricing requirement for different asset classes ETFs, Crypto
  • The impact of a concentrated group of unit pricing service providers
  • Incorporation of unlisted / infrequently valued assets into daily pricing
  • Where is Unit Pricing Heading?

Unit Pricing Forum 2024 in Sydney offers

sponsors an excellent opportunity to demonstrate thought-leadership and leverage networking opportunities to build brand-value amongst senior unit pricing professionals. If you would like to know more about sponsorship, exhibition and business development opportunities please just get in touch with us

Early Invited Speakers include:
Learn speakers of the Annual UP 2024 - Unit Pricing Forum 2024.
Senior Manager, Investment Accounting and Operations, Funds SA
Head of Investment Operations, Brighter Super
Head of Fund Operations at Generation Life
Investment Governance Advisor
Global Advisory Board Member, Castle Hall
Managing Director, Head of Australia and New Zealand, Calastone
Senior Associate Vice President, Data Services, Clearstream
Fund Administration Product Manager at Citi
Country Manager, Financial Risk Solutions (FRS) Ltd
Managing Director McGing Advisory & Actuarial
Independent Consultant & Advisor
Former Director, Assurance and Advisory, Deloitte Touche Tohmatsu
Principal, Jefferson & Shea Impact Strategists
Partner Financial Services, Ernst & Young
Associate Director Unit Pricing at NAB
Managing Director at CXi Software
Director, Consulting Services, Australia, Cutter Associates
Actuarial Analyst at McGing Advisory & Actuarial
Managing Partner, Legal & Prudential
Chief Executive Officer, Australian Custodial Services Association ( ACSA)
Principal at Deloitte
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Annual UP 2024 Schedule
Learn schedule, program and topics of the Annual UP 2024 - Unit Pricing Forum 2024

8:20 REGISTRATION AND COFFEE

STEPHEN HUPPERT
Independent Consultant & Advisor

• Key risks to be aware of as we move forward
• Impact of regulatory changes
• Technology impacts & automation
• How unit pricing has evolved since the introduction of the Guide to Good practice.
• How the evolution of the financial services industry will impact unit pricing into the future.

PANEL MEMBERS:

MATTHEW BAYNES
Senior Manager, Investment Accounting and Operations, Funds SA

CRAIG ROODT
Investment Governance Advisor

MICHAEL NIGHTINGALE
Head of Investment Operations, Brighter Super

LISA BATES
Head of Fund Operations at Generation Life

• The arbitrage opportunities that arose during Covid
• How funds and investment managers addressed the issues
• Were people “ïn the know” able to take advantage of the situation
• The fiduciary role of the Trustee in mitigating arbitrage risk

MICHAEL BERG
Principal at Deloitte

Changes to the legal and regulatory environment will impact unit pricing. Some important themes over the next year will include:

• SPS 530 (and expected new SPG 530) - Investment Governance in Super
• CPS 230 - Operational Risk Management (including CPG 231 and 232)
• SPS 114 - Operational Risk with Extension to Resilience
• Tax treatment of trustee self-remuneration for risk management
• Financial advice fees and GST (RTIC) - updated ATO guidance

JONATHAN STEFFANONI
Managing Partner, Legal & Prudential

11:00 MORNING COFFEE & NETWORKING

• Valuation Diligence: Why is it important?
• How does Valuation Diligence fit as part of an ODD framework?
• The Valuation Process: external and internal parties
• NAV / Valuation Governance
• Investor Review

ALEX WISE
Global Advisory Board Member, Castle Hall

• The significance of operational resilience (CPS230)
• Evaluating the relationship between workarounds and poor design
• Enhancing operational preparedness

CIAN O'DRISCOLL
Country Manager, Financial Risk Solutions (FRS) Ltd

12:30 LUNCH BREAK

• Can it all happen while we are asleep?
• A demonstration of a unit price strike in 30 seconds!

SÉAMUS Ó CONCHEANAINN
Managing Director at CXi Software

MODERATOR:

DAVID TRAVERS
Chief Executive Officer, Australian Custodial
Services Association ( ACSA)

PANEL MEMBERS:

MARSHA LEE
Managing Director, Head of Australia and New Zealand, Calastone

MALCOLM SARGEANT
Fund Administration Product Manager at Citi

MANOJ DESHPANDE
Senior Associate Vice President Data Services, Clearstream

15:00 AFTERNOON TEA

• What does adequate oversight of a custodians unit pricing function look like?
• Cost v benefit v risk
• Key focus areas
• What environment should this be done in (systems, excel, other etc)

WILLIAM J WALKER
Director, Consulting Services, Australia, Cutter Associates

• Unit pricing risks and controls
• Taking responsibility for errors
• The difference between service provider and asset owner controls
• Is insourcing of unit pricing a realistic option for a superannuation fund?
• What are the appropriate ‘oversight’ controls of outsource
providers
• Impacts of different ‘tax wash up’ approaches

MODERATOR:

STEPHEN HUPPERT
Independent Consultant & Advisor

17:00 CLOSING REMARKS FROM THE CHAIR

• Examples of arbitrage opportunities arising
• Are funds and Trustees sufficiently aware of potential arbitrage opportunities?
• What are the common mitigators for arbitrage and what are the pros and cons of each?
• Who are the winners and losers when a fund experiences arbitrage
• Is arbitrage a legal or an ethical issue?

STEPHEN HUPPERT
Independent Consultant & Advisor

PETER KIRIEVSKY
Former Director, Assurance and Advisory,
Deloitte Touche Tohmatsu

AMIT GADE
Associate Director Unit Pricing at NAB

10.50 MORNING COFFEE & NETWORKING

Focusing on after-tax investment returns aligns super fund investment thinking with what its members care about. Plus, it’s a legislative requirement. But understanding how tax impacts investment performance requires good data which measures the right thing. This session compares the functions of tax provisioning and after-tax performance
measurement and management and answers the key question of what unit price tax provisions really tell us about
how well funds are responding to the after-tax investing challenge

RAEWYN WILLIAMS
Principal, Jefferson & Shea Impact Strategists

• How often should you adjust?
• Realised versus unrealised gains?
• What is best practice in forecasting?

DAVID MILLAR
Partner Financial Services, Ernst & Young

12:30 Lunch Break

• Core pillars of unit pricing
• What really matters – Must do Vs Should do
• Common pitfalls and how to avoid them

DANIEL BARTLETT
Actuarial Analyst at McGing Advisory
& Actuarial

MODERATOR:

STEPHEN HUPPERT
Independent Consultant & Advisor

PANEL MEMBERS:

SEAN MCGING
Managing Director, McGing Advisory& Actuarial

DAVID MILLAR
Partner Financial Services, Ernst & Young

MICHAEL NIGHTINGALE
Head of Investment Operations, Brighter Super

• Reflections on the conference presentations
• Is the Guide as relevant today as it was a decade ago?
• What changes could enhance the Guide?
• What are the big changes we have seen over the last decade?
• What changes would you like to see?
• Who will drive these changes? Trustees, regulators, unit
holders?
• Is there sufficient awareness of unit pricing in the
community and is this a “big deal”?

STEPHEN HUPPERT
Independent Consultant & Advisor

SEAN MCGING
Managing Director, McGing Advisory & Actuarial

Annual UP 2023 Resource
Download a copy of the event brochure and know more about the venue.
Registation Packages
Learn about registation Prices and offers for Annual UP 2024 - Unit Pricing Forum 2024
IN-PERSON ATTENDANCE REGISTRATION - SUPER EARLY BIRD REGISTRATION:
Register before 29TH FEBRUARY
$2495 + GST
IN-PERSON ATTENDANCE REGISTRATION - EARLY BIRD REGISTRATION:
Register before 31ST March
$2695 + GST
IN-PERSON ATTENDANCE REGISTRATION - NORMAL REGISTRATION:
Register after 31ST March
$2895 + GST
IN-PERSON ATTENDANCE REGISTRATION - UNLIMITED GROUP TEAM REGISTRATION

Register & pay for 3 delegates & get unlimited registrations* (*Can attend in-person or virtually )

VIRTUAL ATTENDANCE REGISTRATION - SUPER EARLY BIRD REGISTRATION:
Register before 29TH FEBRUARY
$1795 + GST
VIRTUAL ATTENDANCE REGISTRATION - EARLY BIRD REGISTRATION:
Register before 31st March
$1895 + GST
VIRTUAL ATTENDANCE REGISTRATION - NORMAL REGISTRATION:
Register after 31st March
$1995 + GST
VIRTUAL ATTENDANCE REGISTRATION - UNLIMITED GROUP TEAM REGISTRATION

Register & pay for 3 delegates & get unlimited registrations* (*Can only attend virtually)

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