STEPHEN HUPPERT
Independent Consultant & Advisor

• How effective have life cycle strategies proved to be in enhancing member outcomes?
• Can life cycle strategies be deployed effectively with limited member data
• Is there a trade off with investment returns?
• What could be done to enhance life cycle products for members?

• Why life cycle strategies may leave members with less money at the point of retirement
• How increasing longevity for super fund members will impact life cycle strategies
• In the context of a retiree’s potential 20-25 year life expectancy, when should “derisking” commence
• Why life cycle strategies are not universally adopted within the Australian super industry
• Lessons learned from “Target Date” funds in the USA

• The first step, recognising and defining the different risks and objectives of accumulation and pension members
• The second step, building asset allocation strategies to maximise the probability of meeting the different
objectives of accumulation and pension members
• Tackling the mother of all risks”, longevity risk head on
• Learning from an asset allocation strategy that has been adopted long before superannuation was introduced in Australia

KYLE RINGROSE
Principal Consultant Athena IOC

10:50 MORNING COFFEE & NETWORKING

• Differences between the retirement and accumulation phase
• Are separate retirement and accumulation portfolios required
• Idea of growth and capital protection portfolios as building blocks
• Structuring the investment function to support a retirement income strategy

GEOFF WARREN
Research Director, the Conexus Institute and A/Prof, the Australian National University

• To what extent should the focus change from growth to
income after retirement?
• Have life cycle strategies been too conservative?
• Should life cycle strategies always continue into
pension phase for a seamless transition?
• Setting asset allocations to maximise income for
retirees and maximise frowth for accumulation
members

12:40 LUNCH BREAK & NETWORKING

• The opportunities provided by unlisted assets
• The ticket to play: excellent governance
• Exploring the (many) challenges of unlisted assets
• Pathways for policy, regulation and industry

DAVID BELL
Executive Director, the Conexus Institute

• Managing the risk of falling capital values during a
period of rising inflation and rising interest rates
• Why fixed income remains an attractive asset class
during rising markets
• Opportunities for increasing fixed income allocation to
protect portfolios of retirees
• Opportunities in private debt markets

14:50 AFTERNOON TEA & NETWORKING

• The disconnect between daily unit pricing and
infrequent valuations of unlisted real estate assets
• Why the regulators want to see greater disclosure of
unlisted real estate valuations
• What these disclosures might look like
• Issues with the changing discount rate for future cash
flows in an inflationary environment?
• The impact of WFH on CBD office valuations

Sean McGing
Managing Director, McGing Advisory & Actuarial

• Why infrastructure has been attractive to overseas
defined benefit funds
• Why the case for infrastructure in Australian defined
contribution funds may be different
• How effective is infrastructure as an inflation hedge?
• Can the concentration risks of infrastructure
investments be under estimated?
• How to manage liquidity risk for infrastructure investing

• Is the volatility of unlisted assets real or to some extent illusory because of infrequent valuations?
• Justifying the costs of unlisted investments
• Can a lack of liquidity impact asset valuations?
• Are political risks for unlisted investments confined only
to lesser developed counties or can we experience these risks in Australia?
• The maximum “safe” allocation to unlisted assets to
ensure fund level liquidity

CLOSING REMARKS FROM THE CHAIR