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27th Colloquium on Pensions and Retirement Research

Image: Audience clapping hands

Theme: New Developments in Pensions and Retirement

2-3 December 2019
Colombo Theatres, UNSW Sydney

The 27th Colloquium on Pensions and Retirement Research, co-hosted by CEPAR and the School of Risk & Actuarial Studies in the UNSW Business School, is a unique annual event, bringing together academe, government and industry to discuss the latest research on pensions, superannuation and retirement. 

The theme for 2019 is ‘New Developments in Pensions and Retirement’.

Academic Committee: 
Professor Hazel Bateman, CEPAR Deputy Director, UNSW Sydney
David Bell, CEPAR, UNSW Sydney
Inka Eberhardt, CEPAR Research Fellow, UNSW Sydney
Scientia Professor John Piggott, CEPAR Director, UNSW Sydney

Direct event or media enquiries to: Silke Weiss


Program

PROGRAM: MONDAY, 2 DECEMBER

8:30 – 8:50

 

Arrival and Registration     

 

8:50 – 9:00

WELCOME AND OPENING REMARKS

John Piggott, Director, ARC Centre of Excellence in Population Ageing Research (CEPAR), Scientia Professor of Economics, UNSW Sydney

9:00 – 10:30

 

SESSION 1: PLENARY

Chair: John Piggott (CEPAR, UNSW Sydney)

 

Australia's Ageing Population - Understanding the Fiscal Impacts over the Next Decade
Linda Ward (Parliamentary Budget Office)

 

Impact of Defaults in Retirement Saving Plans: Public Employee Plans
Robert Clark (North Carolina State University, USA)

 

Individualization and De-risking
Yves Stevens (KU Leuven, Belgium)

10:30 –11:00

 

Morning Tea

 

11:00 – 13:00

 

SESSION 2

 

 

 

Session 2A

Retirement Income Products

Chair: Héloïse Labit Hardy (CEPAR, UNSW)

 

Session 2B

Retirement Income Adequacy

Chair: George Kudrna (CEPAR, UNSW)

 Session 2C

Investments I

Chair: Akshay Shanker (UNSW, CEPAR)

 

What Features of a Retirement Income Product do Seniors Value?: Evidence from a Discrete Choice Experiment
Barbara Chambers (Monash University)

Treasury’s Model of Australian Retirement Incomes and Assets (MARIA)
Katarina Trinh (Treasury)

 

Utility Functions and Design of Retirement Option Menus
Geoff Warren (ANU)

 

 

An Experimental Study of the Demand for Hybrid Longevity and Health Insurance Products
Cheng Wan (UNSW, CEPAR)

 

 

Australian Retirement Income Adequacy – A Distributional Approach to Lifecycle Impacts of the Superannuation Guarantee 
Phil Gallagher PSM (Industry Super)

How Sub-Optimal are Age-Based Life-Cycle Investment Products?
Gaurav Khemka (ANU)

 

 

Model Risk for Pricing Guaranteed Lifetime Withdrawal Benefits
Xiao Xu (UNSW, CEPAR)

 

The Impact of Financial Literacy on the Consumption and Investment Decisions of Older New Zealanders
Jelita Noviarini (Otago University, New Zealand)

Lifecycle Design – To and Through Retirement
Richard Dunn (Rice Warner)

 

 

 

A Structured Investigation of Retirement Income Products
Luke Zhou (UNSW, CEPAR)

Why do Low Superannuation Balances Persist?
Bruce Bastian (Industry Super) 

Growth / Defensive Asset Categorisation in Superannuation
David Bell (UNSW)

13:00 – 14:00

 

Lunch    

 

14:00 – 15:30

 

SESSION 3: PLENARY

Chair: Katja Hanewald (UNSW, CEPAR)

 

Health-linked Life Annuities: Combining Protection and Retirement Income
Ermanno  Pitacco (University of Trieste, Italy; CEPAR)

 

Program Substitution – Old Age Pension or Disability Benefit
Erik Harnæs (Frisch Centre of Economic Research, Norway; CEPAR)

 

Housing in Retirement: The Emerging Challenge to Retirement Incomes Policy
Brendan Coates (Grattan Institute)

15:30 – 16:00

 

Afternoon Tea     

 

16:00 – 18:00

 

SESSION 4

 

 

 

Session 4A

Drawdown Strategies & Behaviour

Chair: Inka Eberhardt (CEPAR, UNSW)

Session 4B

Retirement Systems

Chair: Mengyi Xu (CEPAR, UNSW)

Session 4C

Investments II

Chair: David Bell (UNSW)

 

Latent Behavioural Groups in Phased Withdrawal Retirement Income Products
Igor Balnozan (UNSW)

Intergenerational Impacts: The Sustainability of New Zealand Superannuation
Susan St. John (University of Auckland, New Zealand)

Fund Manager Risk and Return Projections: Are they Realistic?
Kevin Davis (University of Melbourne)

 

 

Behavioural Responses to High-Low, Low-High and Flat-Rate Annuities after Retirement: A Stated Preference Analysis
Johan Bonekamp (Tilburg University, The Netherlands)

Exploring Merged Means Test Options
Andrew Podger (ANU)
 

 

The Utility of Reserving in Retirement Investing
Paddy McCrudden (Magellan Financial Group)

 

 

Spend your Decennial Age: A Rule of Thumb for Retirement
Shang Wu (First State Super, CEPAR) and Rein Van Rooyen (QSuper) 

 

 

Automatic Enrolment in an European Perspective
Emma Suzanne van Aggelen (KU Leuven, Belgium)

 

 

The Exercise of Investment Power by Superannuation Fund Trustees
Robert Annabel (UNSW)

 

 

 

Drawing Down or Draining the Well: What is an Optimal Strategy for Consumers
Ross Clare (ASFA)


 

Why is Inequality Higher Among the Old? Evidence from China
Katja Hanewald (UNSW, CEPAR)

 

 

Financial Engineering: A New Longevity Bond to Manage Individual Longevity Risk
Yuxin Zhou (UNSW, CEPAR)

 

18:30 – 21:30

CONFERENCE DINNER       

The Lounge (Level 11, UNSW Library Building, Library walk)

 

PROGRAM: TUESDAY, 3 DECEMBER

9:00 – 10:30

SESSION 5: PANEL– Retirement Income Review

Chair: Marc de Cure, Advisory Board Chair, CEPAR; Adjunct Professor and Advisory Board member, UNSW Business School;  Independent Non-Executive Director, Zurich Financial Services Australia

  • Deborah Ralston, Professorial Fellow, Monash University
  • Geoff Lloyd, CEO, MLC Wealth
  • Robbie Campo, Group Executive - Brand, Advocacy, Marketing and Product, Cbus Super Fund
  • Ian Yates AM, CEO, COTA Australia

10:30 –11:00

Morning Tea

11:00 – 13:00

SESSION 6

 

 

Session 6A

Retirement Incomes

Chair: Andrés Villegas (CEPAR, UNSW)

Session 6B

Health and Aged Care

Chair: Bei Lu (CEPAR, UNSW)

Session 6C

Behaviour and Engagement

Chair: Sophie Yan (CEPAR, UNSW)

 

Public Annuities: Buyers’ Behaviour and Policy Design
Sau-Him Paul Lau (University of Hong Kong)

 

Ageing and Caring – The Socioeconomic Contributions and Implications of Caring when Aged 65 Years or Older
Lukas Hofstätter (Carers NSW; Department of Sociology, Macquarie University)

 

A Fistful of Dollars: Financial Incentives Improve Retirement Information Search
Inka Eberhardt (UNSW, CEPAR)

 

Longevity Risk: Retirement Product Innovation and Risk Management Strategies
Doreen Kabuche (UNSW, CEPAR)

Retirement Planning with Systematic Disability and Mortality Risk
Mengyi Xu (UNSW, CEPAR)
 

Life Insurance: Decision States, Financial Literacy and the Role of Personal Values
Paul Gerrans (UWA)

 

Tax Progressivity in Australia: A Dynamic General
Equilibrium Analysis

Nabeeh Zakariyya (ANU)

 

 

Friends, Family and Framing: A Cross-country Study of Subjective Survival Expectations
Megan Gu (Macquarie University)


 

Pensions and Participation: Evidence from WWII Veterans in Australia
David Rodgers (UNSW, CEPAR)

 

 

UBER Retirement
Paul M. Secunda (Marquette University, USA)

 

 

Long-term Care Insurance Financing using Home Equity Release: Evidence from an Experimental Study
Tin Long Ho (CEPAR, UNSW)

 

Can a Non-Linear Taper Rate on the Age Pension be Welfare Improving?
Daniel Wheadon (UNSW, CEPAR)

 

13:00 – 14:00

 

Lunch    

 

14:00 – 15:30

 

SESSION 7: PLENARY

Chair: Hazel Bateman, CEPAR, UNSW Sydney

 

High-Performance DC Pension Plans: Design, Technology and the Role of Public Policy     
Gordon Clark (Oxford University, UK)

 

Defaults, Disclosures, Advice and Calculators: One size does not fit all
Susan Thorp (The University of Sydney; CEPAR)

 

Longevity Products in Australia        
David Knox, Emily Barlow (Mercer)

15:30 – 15:40

CLOSING REMARKS

 


 


Registration

Registration has now closed.

 

 

 

 
 
Date: 
Monday, December 2, 2019 - 09:00
End date: 
Tuesday, December 3, 2019 - 18:00
Location: 
Colombo Theatres, UNSW Sydney