ACT Annual Conference 2018 Day 1

We’ve all been to those conferences where the sessions stretch out before us like a Roman road disappearing over the far-away hills into the distance.   Even the breaks to be fed and watered look like uphill drudgery. Come on, you know you have. Not today though. Oh no. Today might be the first time I have felt like I sprinted through the day filling every minute with great speakers, even greater content, insight, analysis and sheer love for the job! Starting with the brand new video about the ACT (I’ll miss the old music!) and an opening tour de force from

Well worth venturing out in the snow for

Under the title ‘Brexit – the final countdown’ and with just over one year left until ‘Brexit date’ on 29 March 2019, the ACT breakfast briefing on 1 March centred around the key question: what will Brexit mean for corporate treasurers? Well worth venturing out in the snow for This was the succinct description of the event by one of the delegates. And despite what were probably the most adverse weather conditions in which the ACT has ever run an event in London, the very respectable delegate turnout proved once again our membership’s high interest in Brexit implications on corporate

Pension Deficits – Do these still keep treasurers awake at night?

This month’s PPF 7800 index (1) revealed an aggregate deficit of £180bn for the defined benefit (DB) pension schemes within its sphere, at 31 July 2017. Although this is a significant level, it compares favourably with the deficit position at July 2016 (2), when the level was £333bn. Funding comparisons July 2016 June 2017 July 2017 Aggregate balance -£333.5bn -£186.2bn -£180.1bn Funding ratio 81.4% 89.1% 89.4% Aggregate assets £1,458.4bn £1,514.6bn £1,524.7bn Aggregate liabilities £1,791.8bn £1,700.8bn £1,704.8bn Data set / assumptions Purple 16 – A7 Purple 16 – A8 Purple 16 – A8 PPF7800 Index August 2017 The improvement in the

#ACTAC17 post event – over to you!

A year on from Brexit, the Trump Presidency coming out of its first 100 days and a general election in the UK… the pace of global events and market uncertainty were discussed and debated throughout this year’s ACT Annual Conference, 16-17 May in Manchester. The theme of this year’s event, opportunity from uncertainty, was designed to deliver expert knowledge and practical tools for treasury teams to take back to the office and add further value to their organisations. With over 1,000 attendees, 100 speakers and a new two-day format, feedback has been excellent. Highlights included: charismatic keynotes from Lord Michael

Career advice in tumultuous times

As if you needed reminding, there have been some momentous socio-political events from all corners of the globe in the last 12 months; Brexit and the subsequent reaction from the EU, the election of President Trump and the rise of the populist-Right on the continent continue to mould the zeitgeist. Gauging the impact of these events on the world of business and finance is, to say the least, tricky. Some corporates might be able to cite hard facts of the impact from these geopolitical events. Others perhaps remain tight-lipped and refrain from drawing conclusions until more time has passed and

The day before…

It wouldn’t be Manchester if it wasn’t raining and true to form we’re having our fair share today before the ACT Annual Conference 2017! That won’t dampen our spirits though and I am privileged once again to be the Chair and to work with so many talented treasury professionals. I can’t remember a conference time when so much stuff was happening to impact the corporate world. Brexit, President DJ Trump (on the decks?!), difficult elections across the EU in France, Germany and Austria and continuing conflicts in the Middle East and tensions in north Asia. Not to mention the drip-drip of financial

Two months in

Caroline Stockmann, Chief Executive, reflects on what she’s been hearing since she joined the ACT in February… Today has been a very exciting day for me as I’ve got to meet lots of treasurers in a more intimate setting than I have experienced since I started. A meeting with Shell’s Group Treasurer, Russell O’Brien, as part of my induction programme, was really helpful, and at the time of writing this, I had just come out of the South West region’s annual meeting. The group is very active, often gathering more than once in the year. Topics discussed spanned from TM systems

Rolling on

Dusseldorf, March 2017 At the start of last year’s ACT Europe Conference, we asked delegates about Brexit. Overwhelmingly they wanted the UK to stay in and didn’t want anyone else to think about leaving. Well, like the Rhein that inexorably flows through this city on its way to the North Sea, a lot of water has passed under quite a few bridges since then! Treasurers though must be prepared to help their businesses prosper in all circumstances and for that they need to understand the issues that really matter. @PeterMatza testing the level of optimism. Everyone is slightly equivocal after