Life-Cycle Conference

CONFERENCE CONTENT   Wednesday, Oct. 22   Thursday, Oct. 23   Friday, Oct. 24

7:45 AM Continental Breakfast
8:45-10:15 AM The Future of Pensions and Retirement in Europe

Zvi Bodie, Norman and Adele Barron Professor of Management, Boston University School of Management
First paper: "Dutch stand-alone collective pension schemes: the best of both worlds?"
    Presenter:  Lans Bovenberg, Scientific Director, Netspar/Tilburg University     Presentation

    Discussant:   Keith Ambachtsheer, Director of ICPM,
        Rotman School of Management, University of Toronto

Second paper: "Rational Pensions for Irrational People"
    Presenter:  Henriette Prast, Professor of Personal Financial Planning,
        Tilburg University/Netspar   Presentation

    Discussant:  Jeremy Gold, Jeremy Gold Pensions   Presentation

The first paper examines Dutch collective pension schemes, which offer a third way between corporate defined-benefit schemes and individual defined-contribution schemes. The members of the fund are the risk bearers and the funds manage risk aimed at providing an adequate income level during retirement at low costs. Is this the structure other European countries will follow? Is it the structure that the U.S. and the rest of the world should follow? The second paper considers how the design and production of pension contracts in Europe might evolve to allow greater customization to the different needs and circumstances of plan beneficiaries. It takes as given that the beneficiaries are rarely capable of making rational retirement saving, investing, and drawdown decisions on their own.
10:15-10:45 AM Break
10:45 AM-12:30 PM The Future of Pensions and Retirement in the U.S. - Panel Discussion

Zvi Bodie, Norman and Adele Barron Professor of Management, Boston University School of Management
Panelists: Stephen Horan, Head, Private Wealth and Investor Education, CFA Institute   Paper: Innovation, Lifestyle, and Literacy   Presentation

Dallas Salisbury, President & CEO, Employee Benefit Research Institute

Francois Gadenne, Co-founder, Chairman and Executive Director,
  Retirement Income Industry Association   Presentation

Paula Hogan, Financial Planner, Hogan Financial Management   Presentation

Emily Kessler, Managing Director, Society of Actuaries   Presentation

Erwin W. Martens, Chief Risk Officer, TIAA-CREF   Presentation

In this session six experts will discuss the prospects for improvements in the U.S. pension and retirement system in light of their professional experience and what they have heard during the conference.
12:30-1:30 PM Lunch and adjourn

  • Carol Waldvogel
    T: 617.353.4248