8:30am – 9:00am
Overview – Tuesday – March 31
9:00am – 9:05am
WELCOME TO COUNTRY
9:05am – 9:10am
9:10am – 9:55am
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.
9:55am – 10:35am
Australia is often lauded for its world-class accumulated focused superannuation system. But unfortunately, the same cannot be said about its retirement solution. This session will discuss the recent International Centre for Pension Management’s ‘From MySuper to MyRetirement’ report and what the Australian retirement industry can learn from around the world.
10:35am – 11:00am
11:00am – 11:35am
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?
11:35am – 12:15pm
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.
12:15pm – 12:45pm
We're obsessed with 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 to use.
12:45pm – 1:45pm
1:45pm – 2:20pm
With retirees having concerns around asset allocation, sequencing risk and longevity risks, what role will quality financial advice have to play in educating and supporting households? This session leverages recent research and the experience of a range of financial advisors.
2:20pm – 3:10pm
The global macroeconomic environment is different to 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.
3:10pm – 3:30pm
3:30pm – 4:15pm
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.
4:15pm – 4:35pm
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.
4:35pm – 5:00pm
Retirement is a recent phenomenon in history and has acquired several preconceptions around a typical experience. This thought-provoking session explores the reality of ageing in the 21st century and the contemporary needs of members. After this session the question has to be asked, what will we call this conference next year?