9:00am – 9:10am
Overview – Tuesday – March 31
9:10am – 9:50am
With stock markets experiencing volatility, question markets about credit tightening and economists warning of a first recession in 27 years retirees and the broader community are looking for leadership. The Assistant Minister will discuss the latest policy initiatives and answer questions about how Australia will navigate a dual public health and financial crisis.
9:50am – 10:25am
This quarter has seen a perfect storm of challenge to Australian society. The bushfires, the escalating coronavirus pandemic and a global shock to output and the economy have produced unprecedented turmoil in our communities. This session will hold a candid conversation about the role of financial services in holding the nation together.
10:25am – 11:00am
The Productivity Commission has started the journey on understanding how the system is placed to deliver sustainable retirement incomes. This session covers how to deliver clear objectives that cater to diverse circumstances of retirees rather than piecemeal change. We also look at the introduction of a regulated code of ethics for advisors, the construct of default retirement products and a review of escalating the SG.
11:00am – 11:20am
The global macroeconomic environment is different from a generation ago. With cash rates close to zero, and debt instruments diminishing in both yield and defensive characteristics, it is becoming harder than ever to construct income portfolios for retirees. This first quarter of 2020 has seen market volatility and further unorthodox central bank behaviour as the world chooses to shutdown output to contain coronavirus. This session considers both the scope of the challenge for investors and the potential opportunities that exist to navigate this temporary health problem.
11:35am – 12:20pm
Superannuation is a key part of retirement incomes policy – but just one part. In this keynote we discuss, what are the purposes of this system? When we talk about an “adequate” retirement income, what do we mean? Is the Australian system delivering enough income retirement, and will it be able to do so in future?
12:20pm – 12:50pm
Australia has a world class accumulation superannuation system but with considerable imbalance across gender, employment type and education. Drawing from superannuation funds, professional advisors and consultants, this session will explore what can be done to promote education, adoption of good habits and sharing of knowledge so there is dignity in retirement for all Australians.
12:50pm – 1:20pm
What does the 'average' retiree look like? What experiences does the 'average' retirement provide? What's the 'average' return needed to fund an 'average' retirement? How long does the 'average' retiree live? What is the reality of planning for the average? This session discusses individualised retirement advice and the appropriate strategies.
1:20pm – 1:50pm
Dispersion of opinion remains alive and well on the topic of how best to approach accumulation vs decumulation investing, but how different are these two regimes in reality? What does a decumulation investment process look like? Furthermore, what does a decumulation process look like in a defined contribution regime, and in a guaranteed regime? What are the perils, the assumptions, and the impossibilities, all of which need to be balanced? This is a practitioner’s discussion on the realities of running a portfolio with structural decumulation.
1:50pm – 2:10pm
How de ensure a happy retirement for all Australians? How can we predict people who will age happily? This session will dispel certain myths and draw on research from the Blue Zones, a Harvard longitudinal study and the works of Ellen Langer and George Vaillant. The conversation will traverse topics spanning mental health, diet and exercise, alcoholism and the impact of community and purpose.
2:10pm – 2:35pm
Retirement is a recent phenomenon in history and has acquired several preconceptions around a typical experience. Paul has recently co authored a thought-provoking book that explores attitudes to money. He will share insights including why Retiring can actually be harmful to your health.
After this session the question needs to be asked, what will we call this conference next year?