Overview – Tuesday – March 31

9:00am – 9:10am

INTRODUCTION

9:10am – 9:50am

POLICY IN UNPRECEDENTED TIMES

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.

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Hon Jane Hume

Assistant Minister for Superannuation, financial services and financial technology

Chair

Colin Tate

Chief executive, Conexus Financial

9:50am – 10:25am

LEADERSHIP THROUGH CRISIS

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.

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Geoff Lloyd

Chief executive, MLC

Chair

Colin Tate

Chief executive, Conexus Financial

10:25am – 11:00am

OVER THE POLICY HORIZON

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.

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Nick Callil

Head of retirement solutions, Australia, Willis Towers Watson

Dante De Gori

Chief executive, Financial Planning Association

Chair

Matthew Smith

Director of retail content, Conexus Financial

11:00am – 11:20am

INVESTMENT OPPORTUNITIES DURING A GLOBAL EMERGENCY

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.

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Jason Brady

President and chief executive, Thornburg Investment Management

Chair

Alex Proimos

Head of institutional content, domestic, Conexus Financial

11:20am – 11:35am

INTERNATIONAL CASE STUDIES

This session will cover some examples of the techniques deployed for thinking about decumulation using data from Hong Kong, Singapore and France.

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Raphael Sobotka

Global head of flexible, risk premia and retirement solutions, Amundi

11:35am – 12:20pm

RETIREMENT POLICY AND THE ECONOMIC ENVIRONMENT

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?

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PAPER

Money in retirement. More than enough.

John Daley

Chief executive officer, Grattan Institute

David Knox

Senior partner, senior actuary, Mercer

Chair

Alex Proimos

Head of institutional content, domestic, Conexus Financial

12:20pm – 12:50pm

WORKING TOGETHER TO IMPROVE ADEQUACY IN RETIREMENT

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.

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Lara Bourguignon

Managing director superannuation, retirement and platforms, AMP

Liz Hughes

Principal, Wealthspring Financial

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

12:50pm – 1:20pm

UNDERSTANDING THE FLAW OF AVERAGES

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.

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PAPER

The association between income and life-expectancy in the United States, 2001-2014

Jacqui Lennon

Head of product and customer experience, Allianz Retire+

Chair

Matthew Smith

Director of retail content, Conexus Financial

1:20pm – 1:50pm

RUNNING A DECUMULATION PORTFOLIO

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.

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PAPERS

Conexus Institute: Retirement income review
Why decumulation is different

Jacki Ellis

Portfolio manager retirement strategies, First State Super

Chris Plater

Chief executive and chief investment officer, Life, Challenger

Charles Wu

Deputy chief investment officer and general manager DC investments, State Super

Chair

David Bell

Executive director, Conexus Institute

1:50pm – 2:10pm

HAPPY AGEING: LIFELONG HEALTH, WELLBEING AND CONTENTMENT

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.

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Nicolette Rubinsztein

Director, SuperEd; UniSuper; OnePath Insurance; Zurich Australia

Chair

Laurence Parker-Brown

Institutional content producer, Conexus Financial

2:10pm – 2:35pm

IT IS YOUR ATTITUDE TO MONEY THAT WILL DETERMINE YOUR FUTURE!

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?

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Paul Gordon

Co Author Spenditude, Principal Aon’s smartMonday

Chair

Alex Proimos

Head of institutional content, domestic, Conexus Financial

2:35pm

STREAMING ENDS