32nd Colloquium on Pensions and Retirement Research
27-28 November 2024 (Colombo House Theatres, UNSW Sydney)
3 December 2024 (online, sponsored by the International Pension Research Association (IPRA))
The Colloquium is a unique annual event, bringing together academia, government and industry to discuss the latest research on pensions, superannuation and retirement.
If you would like to discuss a possible topic for presentation, please contact Professor Hazel Bateman at h.bateman@unsw.edu.au.
Colloquium Co-Convenors:
Professor Hazel Bateman, CEPAR, School of Risk & Actuarial Studies, UNSW Sydney
Associate Professor Katja Hanewald, CEPAR, School of Risk & Actuarial Studies, UNSW Sydney
Professor Hazel Bateman, CEPAR, School of Risk & Actuarial Studies, UNSW Sydney
Dr David Bell, CEPAR, The Conexus Institute
Associate Professor Katja Hanewald, CEPAR, School of Risk & Actuarial Studies, UNSW Sydney
Dr George Kudrna, CEPAR, School of Economics, UNSW Sydney
Registration has closed.
PROGRAM
Download the Colloquium Program Booklet here: https://cepar.edu.au/sites/default/files/Colloquium-2024-Booklet.pdf
Day 1 Program
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Day 1: Wednesday 27th November |
Venue |
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8.30-9.00am |
Arrival and Registration |
Foyer |
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9.00-9.10am |
Opening Remarks John Piggott, CEPAR Director, UNSW Sydney Bernard Wong, IRIS Knowledge Hub Co-Director, Head of School of Risk & Actuarial Studies, UNSW Sydney |
Colombo A |
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9.10-10.40am |
Session 1: How to improve Australia’s pension system, using the Mercer CFA Global Pension Index as a guide? Chair: David Bell (Conexus Institute) Reflections on Sixteen Years of the Global Pension Index David Knox AM (Senior Partner, Mercer) Panel Session David Knox (Mercer) |
Colombo A |
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10.40-11.10am |
Morning Tea |
Foyer |
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11.10am-1.10pm |
Session 2A: Retirement Incomes 1 Chair: Katja Hanewald (Risk & Actuarial Studies, UNSW)
Venue: Colombo A |
Session 2B: Choice Architecture Chair: Rafal Chomik (CEPAR, UNSW)
Venue: Colombo B |
Session 2C: Pension Finance Chair: Jonathan Ziveyi (Risk & Actuarial Studies, UNSW)
Venue: Colombo C |
Colombo A, B, C |
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11.10-11.40am |
Experience of an Innovative Retirement Income Stream: ART Lifetime Pension
Kathryn Spragg (Australian Retirement Trust) |
Kiwisaver: Opportunities for Improvement » View/download presentation slides « Michelle Reyers (Retirement Commission, New Zealand) |
Term Annuity Bonds: The Ideal Pension Investment » View/download presentation slides « Eckhard Platen (UTS) |
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11.40am-12.10pm |
Innovation in The Retirement Income Space: Long Service Pension » View/download presentation slides « Dennis Yang (State Super) |
An Analysis of White Label Funds in Public Pension Plans » View/download presentation slides « Susan Thorp (University of Sydney) |
Feasibility and Welfare Impact of Flexible Tontine Design » View/download presentation slides « Adam Butt (ANU) |
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12.10-12.40pm |
Meaningfully Comparing Retirement Solutions » View/download presentation slides « Chris Michael (Deloitte) |
Diverse Effects of Targeted Messages on Retirement Savings Decisions: Evidence From an Experiment » View/download presentation slides « Nguyen Bang Chau (Victoria) Hoang (University of Sydney) |
Optimal Consumption and Annuity Equivalent Wealth with Mortality Model Uncertainty » View/download presentation slides « Yang Shen (Risk & Actuarial Studies, UNSW) |
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12.40-1.10pm |
Enhancing Retirement Confidence: The Impact of Lifetime Income on Drawdown Behaviour » View/download presentation slides « Estelle Liu and Rose Hasna (AMP) |
Utilizing Superannuation Funds for First Home Purchase » View/download presentation slides « Himasha Warnakulasooriya (Monash University) |
Optimal Dynamic Systematic Longevity Risk Hedge for Group Self-Annuity Portfolios With Basis Risk » View/download presentation slides « Yawei Wang (Risk & Actuarial Studies, UNSW) |
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1.10-2.00pm |
Lunch |
Foyer |
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2.00-3.30pm |
Session 3A: Retirement Incomes 2 Chair: Pip O’Keefe (CEPAR, UNSW)
Venue: Colombo A |
Session 3B: Aged Care Chair: Bei Lu (CEPAR, UNSW)
Venue: Colombo B |
Session 3C: Home Equity Chair: Katja Hanewald (Risk & Actuarial Studies, UNSW)
Venue: Colombo C |
Colombo A, B, C |
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2.00-2.30pm |
Enabling Singaporeans to Retire with Peace of Mind » View/download presentation slides « Yan Jun Wong (Central Provident Fund, Singapore) |
The Relationship between Regional Spending on Aged Care and Informal Caring » View/download presentation slides « Anam Bilgrami (Macquarie University Centre for the Health Economy) |
Variable Rate Reverse Mortgage Risk, Rating, Structuring and Pricing
Josh Funder (Household Capital) |
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2.30-3.00pm |
A Longitudinal Study of Drawdown Behaviour of Superannuation Members: Responses to Behaviours, Anchors, Investment Performance and Cost Of Living » View/download presentation slides « Jimin Eun (Aware Super) |
Housing Price as a Determining Factor of Aged Care Accommodation Payment Choices » View/download presentation slides « Dandan Yu (Macquarie University Centre for the Health Economy) |
Financing Aged Care With Home Equity Allowing For Government Age Pension and Aged Care Support
Lingfeng Lyu (Risk & Actuarial Studies, UNSW) |
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3.00-3.30pm |
Longevity Uncertainty: How and When to Manage » View/download presentation slides « Aaron Minney (Challenger)
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Toy Calculators: Planning for retirement in Australia » View/download presentation slides « Anthony Asher (Risk & Actuarial Studies, UNSW) |
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3.30-4.00pm |
Afternoon Tea |
Foyer |
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4.00-5.30pm |
Session 4A: Retirement Outcomes Chair: Susan Thorp (University of Sydney Business School)
Venue: Colombo A |
Session 4B: Health State Modelling Chair: Andres Villegas (Risk & Actuarial Studies, UNSW)
Venue: Colombo B |
Session 4C: Economy-wide Effects of Pension Reform Chair: Yang Shen (Risk & Actuarial Studies, UNSW)
Venue: Colombo C |
Colombo A, B, C |
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4.00-4.30pm |
Measuring Member Outcomes for Defined Contribution Retirement Plans: A Cohesive Approach Using Retirement and Income Confidence Scores » View/download presentation slides « Young Tan (Aware Super) |
Modelling Joint Life Functional Disability and Mortality and Joint Insurance Pricing » View/download presentation slides « Xingying Yu (Risk & Actuarial Studies, UNSW) |
Long-Run Effects of Employment-Related Pensions: PAYG vs. Funded Pensions » View/download presentation slides « George Kudrna (UNSW) |
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4.30-5.00pm |
Can we Count on Them? Assessing the Usefulness Of Super Fund Calculators » View/download presentation slides « Katrina Ellis (Super Consumers Australia) |
Longevity Risk Sharing for Income-Based Mortality Heterogeneity » View/download presentation slides « Gayani Thalagoda (Risk & Actuarial Studies, UNSW) |
Superannuation Taxation: Options for Best Practice Reform » View/download presentation slides « M Scott Donald (Private and Commercial Law, UNSW) and Rodney Brown (Accounting, Auditing and Taxation; UNSW)
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5.00-5.30pm |
Green Paper: A Retirement Licensing Regime » View/download presentation slides « David Bell (Conexus Institute) |
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Informality, Gender, Heterogeneity and Pension Reform in Emerging Asia: A Life-Cycle Model Analysis for Ageing Vietnam
George Kudrna (UNSW) and Huyen Hoang (Economics, UNSW) |
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5.30-7.00pm |
Reception |
Foyer |
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Day 2 Program (subject to change)
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Day 2: Thursday 28th November |
Venue |
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8.30-9.00am |
Arrival and Registration |
Foyer |
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9.00-9.05am |
Opening Remarks |
Colombo A |
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9.05-11.05am |
Session 5: Retirement Insights Chair: Katja Hanewald (Risk & Actuarial Studies, UNSW) |
Colombo A |
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9.05-9.35am |
Crafting Epic Retirements: Insights from Allianz Retire+ Research on Retirement Attitudes and Engagement Strategies » View/download presentation slides « Yannick Pfitzer (Allianz) |
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9.35-10.05am |
Retirement Literacy, Confidence and Wealth Transfer: Insights from how Australia Retires 2024 Survey
Junhao Liu (Vanguard Australia) |
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10.05-10.35am |
Lost at sea or swimming to shore? How people in their sixties think about work and retirement » View/download presentation slides « Susan Bell (Susan Bell Research) |
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10.35-11.05am |
Lost in Translation: How to Talk Retirement
Kaye Fallick (Staying Connected) |
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11.05-11.30am |
Morning Tea |
Foyer |
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11.30am-1.00pm |
Session 6A: Supporting Decision Making Chair: Hanlin Lou (CEPAR, UNSW)
Venue: Colombo A |
Session 6B: Mortality and Longevity Chair: Chelle Wang (Risk & Actuarial Studies, UNSW)
Venue: Colombo B |
Session 6C: Retirement Incomes 3 Chair: George Kudrna (CEPAR, UNSW)
Venue: Colombo C |
Colombo A, B, C |
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11.30am-12.00pm |
Older Adults’ Access to and Adoption of Robo-Advice: Exploratory Research
Xinye Cao (Griffith University) |
Socio-economic inequalities in life expectancy and functional disability amongst older Americans
Michelle Vhudzijena (Risk & Actuarial Studies, UNSW) |
Multi-State Contingent Mortality Pooling: A Heterogeneous, Actuarially Fair, and Self-Sustaining Product
Yuxin Zhou (Risk & Actuarial Studies, UNSW) |
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12.00-12.30pm |
Expensive Babysitters or Trusted Professionals? Financial Advice and Portfolio Rebalancing in Retirement Saving Accounts » View/download presentation slides « Thomas Hendry (Griffith University) |
Bayesian Analysis of Cancer Mortality: Socioeconomic Disparities, COVID-19 Impact and Future Impact » View/download presentation slides « Ayse Arik (School of Risk & Actuarial Studies, UNSW) |
The Retirement Income Covenant: A Powerful Regulatory Tool or a Solution in Search of a Problem? » View/download presentation slides « Ross Clare (ASFA) |
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12.30-1.00pm |
The Importance of Inclusive Design in Financial Education » View/download presentation slides « Tracey West (Griffith University) |
Longevity Beliefs Elicitation: Full Distribution and Visual Support » View/download presentation slides « Andre Lot (University of Sydney) |
Explaining Lifetime Income Product Demand Using the Decision States Model
Jiamin Jamie Yan (Risk & Actuarial Studies, UNSW) |
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1.00-2.00pm |
Lunch |
Foyer |
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2.00-4.00pm |
Session 7: Current Issues in Superannuation and Retirement Chair: George Kudrna (CEPAR, UNSW) |
Colombo A |
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2.00-2.30pm |
Post-retirement Age Mortality in Australia: A Quantification of Socio-Economic Differences
Fei Huang and Andres Villegas (Risk & Actuarial Studies, UNSW) |
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2.30-3.00pm |
Gender Retirement Gaps » View/download presentation slides « Alice Volz (Federal Reserve Board) |
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3.00-3.30pm |
Climate Signalling in Australian Superannuation Fund Annual Meetings » View/download presentation slides « M Scott Donald (Private and Commercial Law, UNSW) |
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3.30-4.00pm |
Systemic Impacts Of ‘Big Super’ » View/download presentation slides « Geoff Warren (ANU and Conexus Institute) |
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4.00pm |
Closing Remarks Katja Hanewald (Risk & Actuarial Studies, UNSW) |
Colombo A |
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ONLINE SESSION DRAFT PROGRAM (subject to change)
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IPRA sponsored online sessions of the 32nd Colloquium on Pensions and Retirement Research 3 December 2024 DRAFT Program |
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AEST (SYDNEY TIME) |
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7.00pm-7.05pm |
Opening Remarks: Hazel Bateman (IPRA President) |
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7.05pm-8.25pm |
Session 1: Health, Longevity and Pension Sustainability |
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How Health and Longevity Information Shapes Financial Advice |
Abigail Hurwitz (The Hebrew University of Jerusalem, Israel) |
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Lifestyle Intervention to Promote Elderly Workers’ Mental Health and Productivity: An Analysis of Data from Corporate Health Insurance Claims and Wearable Devices |
Yoshihiko Suzawa (Kyoto Sangyo University, Japan) |
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Intergenerational Actuarial Fairness in Pay-As-You-Go Pension Schemes |
Jingwen Zhang (College of Finance and Statistics, Hunan University, China) |
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The Effect of Financial Literacy on Perceived Retirement Saving Among Public University Employees in Kenya |
Lucy Rono (School of Business and Economics, Moi University, Kenya) |
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8.25pm-8.35pm |
Break |
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8.35pm-9.55pm |
Session 2: Portfolio Choice and Retirement Benefits |
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When does Intra-Household Risk Sharing Matter for Lifecycle Portfolio Choice? |
Joachim Inkmann (University of Melbourne, Australia) |
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Welfare Effects of Uniform Variable Annuities for Individuals with Different Education Levels |
Jun-Hee An (Tilburg University, The Netherlands) |
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Closing the Democratic Deficit in Pension and Superannuation Benefits |
Gwion Moore (Australia) |
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Occupational Pensions from a Tax Perspective: Comparative Insights from the EU |
Emma Suzanne van Aggelen (Hasselt University, Belgium) |
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9.55pm-10.05pm |
Break |
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10.05pm-11.25pm |
Session 3: Pensions, Sustainability and Retirement Income |
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On the Sustainability of the Canadian Model |
Eduard van Gelderen (International School of Management, Canada) |
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Mortality, Regressivity and Pension Design |
Ponpoje (Poe) Porapakkarm (National Graduate Institute for Policies Studies (GRIPS), Japan) |
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Pensions for Migrants – Leveraging the RENDA+ Success |
Arun Muralidhar (Georgetown University, USA) |
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When I’m 64 (or thereabouts): Changes in Income from Middle Age to Old Age |
Peter Brady (Investment Company Institute, USA) |
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11.25pm-11.35pm |
Break |
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11.35pm-0.35am |
Session 4: Wellbeing and Pension Investment Strategies |
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Material Well-Being in Retirement: The Roles of Preferences and Circumstances |
Jason Seligman (Investment Company Institute, USA) |
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The Impact of Mandatory Retirement Savings on Seniors’ Income Security |
Amin Mawani (York University, Toronto, Canada) |
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Search Frictions, Investment Strategies, and Performance in Private Equity: Evidence from Pension Funds
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Da Li (University of Wisconsin-Madison, USA) |
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0.35am |
Closing Remarks: Hazel Bateman (IPRA President) |
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CALL FOR PAPERS DEADLINE has closed.
The 32nd Colloquium on Pensions and Retirement Research will be held at UNSW Sydney in Australia on 27-28 November 2024. The Colloquium will include an online session sponsored by the International Pension Research Association (IPRA) on 3 December 2024.
The Colloquium is co-hosted by CEPAR and the School of Risk & Actuarial Studies, UNSW Business School. It is a unique annual event, bringing together academics (from economics, finance, actuarial studies, and related disciplines), government and industry to discuss the latest research on pensions, superannuation, and retirement.
Submissions to be included in the program of the 32nd Colloquium on Pensions and Retirement Research and the IPRA sponsored online session were specifically invited on:
- The retirement phase, including drawdown of retirement saving
- Financial decision-making support - including advice, guidance, nudges and defaults
- Preservation versus access to savings in a DC system
- ESG, climate risk and superannuation/pensions
Contributions were also welcome on other topics related to pensions and retirement, which may include but are not limited to:
Public pensions and sustainable fiscal policy; taxation of superannuation/pensions; superannuation/pensions and labour markets; regulation and performance of superannuation/pension funds; use of housing assets in old age; financing aged care costs; financial literacy and financial education; longevity and healthy life expectancy; cognitive decline and financial decisions of older adults; and gender issues in superannuation/pensions.
Early career researchers and research students (including PhD, Masters, and Honours students) are particularly encouraged to participate.
The extended deadline for submission was 31 August 2024. A Submission Form is available online here.
If you would like to discuss a possible topic for presentation, please contact Professor Hazel Bateman at h.bateman@unsw.edu.au.