Tuesday – March 14

8:30 – 9:00 REGISTRATION

COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

Is the retirement dream just that? Members have no shortage of ideas and inspiration for spending their time and money in retirement but for many of them the reality is very different. How should planning groups and funds deal with the issue of underfunded retirees and address the most important concerns for members – jet-setting, healthcare and aged care?

10:20 – 10:50 MORNING TEA

If the goal of super is ‘to provide income in retirement to substitute or supplement the age pension’, does that call for changes in the role of super funds? Should they offer a more holistic approach that includes funding a deposit on a first home and advising members on aged care, home care and health insurance? 

Many people nearing retirement realise the gap between their savings and their requirements is larger than they had expected and they have little time to make up the difference. With lower return expectations, what can be done to close the funding gap?

CHAIR: COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

12:00 – 13:00 LUNCH

Changing work patterns have made flexible super and pension solutions necessary to reflect individuals’ priorities during different stages of life. How can comprehensive income products for retirement (CIPRs) address the key issues of fund strategy, investment risk and longevity risk? 

Chief investment officers seek to solve the wealth accumulation puzzle. Can they also solve the retirement outcome challenge or do funds require a dedicated chief retirement income officer? 

BACKGROUND READING

Challenger/KPMG whitepaper

15:00 – 15:30 AFTERNOON TEA

The super industry is constrained by the absence of a clear retirement outcome objective that can be reflected numerically. Over 18 months, a working group of industry professionals and academics collaborated to develop a metric – Member’s Default Utility Function (MDUF) – for assessing retirement outcomes that has applications for super funds, ratings groups, regulators and policymakers.

Industry-wide data lacks granularity. How can industry funds better use data to understand their members’ personal and household situation, set policy and develop products? What is the appropriate method for segmentation of members? How should default options and advice be implemented? 

Member retention is a key issue for superannuation funds. What strategies can be used to address it? Why have large funds been at a disadvantage compared with SMSFs? Is the ‘retirement bonus’ a matter of tax management or member equity? What are the key considerations in introducing the retirement bonus? Is the retirement bonus strategy meeting expectations for funds that have introduced it?

17:30 – 18:30 CONFERENCE CLOSE & POST CONFERENCE DRINKS

Wednesday – March 15

8:30 – 9:00 REGISTRATION

COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

What do people do when they retire? Conventional wisdom says they take a lump sum and blow it. Rice Warner data on spending habits in retirement debunks that myth for members of larger funds. Data from the SMSF Association/Accurium & the CSIRO-Monash Superannuation Research Cluster gives us similar insights into how SMSF members behave when they retire. What exactly are we planning for?

The latest demographic trends paint a picture of how the population
is both ageing and living longer. This helps scope out the longevity risks advisers have to accommodate to develop effective retirement strategies. This session will first look at how advisers identify the risks different clients will face in retirement. Then it will examine how those risks translate into investment responses advisers can guide.

10:35 – 11:00 MORNING TEA

How do the new superannuation rules – concessional contribution caps, the $1.6 million pension transfer balance cap, etc – affect retirement-income adequacy? What options are there outside superannuation to help maximise income without breaching the super caps? Will investment bonds or accessing home equity fit the bill?

Update on the latest age pension and Centrelink rule changes (assets test, taper rate, etc), along with superannuation changes and how they all come together to affect the process of retirement planning.

13:20 – 14:00 LUNCH

Goals-based or objective-based investing turns the portfolio construction process on its head. Suddenly it’s about maximising the chance of achieving a certain result by managing risk, rather than managing asset allocation based on risk tolerance and then seeing where it goes. How do financial planners build such portfolios? What are the necessary inputs, and how can they start to model the outcomes – and adjust the inputs – to maximise the chances of success? This is a beginner’s guide to stochastic (probability-based) portfolio modelling.

Aged-care issues are as technical and complex as superannuation or tax, yet advisers often overlook or underplay them. Two trends are emerging in the way advice firms deal with these issues: specialisation and outsourcing to a specialist. This session will examine the latest technical issues. It will look at examples of how firms have built an aged-care offer into their value propositions, and the benefits this has produced for them.

16:00 – 16:20 AFTERNOON TEA

Efficient transfer of wealth between generations is about much more than just writing a will. Self-managed super funds, family trusts and other estate planning tools form part of the adviser’s armoury for helping clients. But how are these things best structured and combined to produce the optimum result?

Leading retirement planning specialists share their insights and lessons learned in building great advice businesses that are focused on clients transitioning into retirement and beyond. How did they define a value proposition? What expertise did they decide to develop in house and what did they decide to get from external specialists? What have they done to develop their skills and educate themselves? What does a great retirement look like and how do they know when they’ve helped clients get there?   

17:30 – 18:30 CONFERENCE CLOSE & POST CONFERENCE DRINKS

Tuesday – March 14

8:30 – 9:00 REGISTRATION

COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

Is the retirement dream just that? Members have no shortage of ideas and inspiration for spending their time and money in retirement but for many of them the reality is very different. How should planning groups and funds deal with the issue of underfunded retirees and address the most important concerns for members – jet-setting, healthcare and aged care?

10:20 – 10:50 MORNING TEA

If the goal of super is ‘to provide income in retirement to substitute or supplement the age pension’, does that call for changes in the role of super funds? Should they offer a more holistic approach that includes funding a deposit on a first home and advising members on aged care, home care and health insurance? 

Many people nearing retirement realise the gap between their savings and their requirements is larger than they had expected and they have little time to make up the difference. With lower return expectations, what can be done to close the funding gap?

CHAIR: COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

12:00 – 13:00 LUNCH

Changing work patterns have made flexible super and pension solutions necessary to reflect individuals’ priorities during different stages of life. How can comprehensive income products for retirement (CIPRs) address the key issues of fund strategy, investment risk and longevity risk? 

Chief investment officers seek to solve the wealth accumulation puzzle. Can they also solve the retirement outcome challenge or do funds require a dedicated chief retirement income officer? 

BACKGROUND READING

Challenger/KPMG whitepaper

15:00 – 15:30 AFTERNOON TEA

The super industry is constrained by the absence of a clear retirement outcome objective that can be reflected numerically. Over 18 months, a working group of industry professionals and academics collaborated to develop a metric – Member’s Default Utility Function (MDUF) – for assessing retirement outcomes that has applications for super funds, ratings groups, regulators and policymakers.

Industry-wide data lacks granularity. How can industry funds better use data to understand their members’ personal and household situation, set policy and develop products? What is the appropriate method for segmentation of members? How should default options and advice be implemented? 

Member retention is a key issue for superannuation funds. What strategies can be used to address it? Why have large funds been at a disadvantage compared with SMSFs? Is the ‘retirement bonus’ a matter of tax management or member equity? What are the key considerations in introducing the retirement bonus? Is the retirement bonus strategy meeting expectations for funds that have introduced it?

17:30 – 18:30 CONFERENCE CLOSE & POST CONFERENCE DRINKS

Wednesday – March 15

8:30 – 9:00 REGISTRATION

COLIN TATE

Chief executive, Conexus Financial

Colin Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was formed in 2005, and is headquartered in Sydney, Australia. The company stages more than 20 conferences and events each year – in London, New York, San Francisco, Los Angeles, Amsterdam, Beijing, Sydney and Melbourne – and publishes five media brands, including the global website and strategy newsletter for global institutional investors www.top1000funds.com. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium. Conexus Financial’s events aim to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project.

What do people do when they retire? Conventional wisdom says they take a lump sum and blow it. Rice Warner data on spending habits in retirement debunks that myth for members of larger funds. Data from the SMSF Association/Accurium & the CSIRO-Monash Superannuation Research Cluster gives us similar insights into how SMSF members behave when they retire. What exactly are we planning for?

The latest demographic trends paint a picture of how the population
is both ageing and living longer. This helps scope out the longevity risks advisers have to accommodate to develop effective retirement strategies. This session will first look at how advisers identify the risks different clients will face in retirement. Then it will examine how those risks translate into investment responses advisers can guide.

10:35 – 11:00 MORNING TEA

How do the new superannuation rules – concessional contribution caps, the $1.6 million pension transfer balance cap, etc – affect retirement-income adequacy? What options are there outside superannuation to help maximise income without breaching the super caps? Will investment bonds or accessing home equity fit the bill?

Update on the latest age pension and Centrelink rule changes (assets test, taper rate, etc), along with superannuation changes and how they all come together to affect the process of retirement planning.

13:20 – 14:00 LUNCH

Goals-based or objective-based investing turns the portfolio construction process on its head. Suddenly it’s about maximising the chance of achieving a certain result by managing risk, rather than managing asset allocation based on risk tolerance and then seeing where it goes. How do financial planners build such portfolios? What are the necessary inputs, and how can they start to model the outcomes – and adjust the inputs – to maximise the chances of success? This is a beginner’s guide to stochastic (probability-based) portfolio modelling.

Aged-care issues are as technical and complex as superannuation or tax, yet advisers often overlook or underplay them. Two trends are emerging in the way advice firms deal with these issues: specialisation and outsourcing to a specialist. This session will examine the latest technical issues. It will look at examples of how firms have built an aged-care offer into their value propositions, and the benefits this has produced for them.

16:00 – 16:20 AFTERNOON TEA

Efficient transfer of wealth between generations is about much more than just writing a will. Self-managed super funds, family trusts and other estate planning tools form part of the adviser’s armoury for helping clients. But how are these things best structured and combined to produce the optimum result?

Leading retirement planning specialists share their insights and lessons learned in building great advice businesses that are focused on clients transitioning into retirement and beyond. How did they define a value proposition? What expertise did they decide to develop in house and what did they decide to get from external specialists? What have they done to develop their skills and educate themselves? What does a great retirement look like and how do they know when they’ve helped clients get there?   

17:30 – 18:30 CONFERENCE CLOSE & POST CONFERENCE DRINKS

Session Papers

Challenger/KPMG whitepaper

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Chloe Ward - Superfund Wholesale Super Changes Checklist

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Chloe Ward - Superfund Wholesale Superannuation Reform

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David Bell - A short introduction to MDUF

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Innova Whitepaper – Portfolio insights chase your dreams not investment returns, Dan Miles

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Navwealth Whitepaper – The trusted EQ advisor, Craig Banning

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Reece Birtles - AUSTRALIAN EQUITY: A COMPELLING CASE FOR INCOME

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Reece Birtles - BROADENING YOUR HORIZONS, INCOME DIVERSIFICATION MATTERS

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Reece Birtles - INCOME INVESTING IN A LOW INTEREST RATE WORLD

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Reece Birtles - REAL ASSETS: THE SWEET SPOT OF SUSTAINABLE INCOME

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SMSF Retirement Insights - Are trustees prepared for retirement?

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THE NEED FOR A RICHER SUITE OF RETIREMENT PRODUCTS

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