Presentation at IBRC Post Retirement Conference 9 October 2017 covering:
A look at innovative products and services covering both the design and delivery of products and services
What will be the impact of emerging technologies on post retirement products and services?
What can superannuation funds and wealth managers learn from innovation and disruption in other industries?
7. • Target inflation protected income at retirement, not wealth accumulation
• Offer meaningful information and choices to individuals to achieve income goals
• Offer seamless transition to retirement from accumulation phase to post-retirement
draw down phase with flexible options
• Customise goals for each individual
• Seek to manage retirement income shortfall risk
• Integrate pension retirement savings scheme with other retirement assets
The challenges in funding retirement include:
9. Australian Catholic Superannuation has been
recognised as an ABA100 Winner for Product
Innovation in The Australian Business Awards
2016. The award recognises the Fund’s
achievements in developing the RetireSmart
account-based pension.
RetireSmart, an innovative retirement
income solution
10.
11. 2016 Innovation Awards presented by Pensions & Investments' WorldPensionSummit
Employees Provident
Fund of Malaysia
for excellence in innovation in
communication
People's Pension Holding
for excellence in innovation in
technology
Cbus Superannuation
for investment innovation
Al Meezan Investment
Management
for excellence in pension
reform
12. A framework for considering retirement outcomes
Net
Investment
Returns
Operating
Costs
Products &
Services
Retirement
Outcomes
Consumer
Behaviour
24. Wells Fargo “Retirement City” blends quizzes, videos, mini games, scoreboards, calculators, an
online resource library, and other elements to deliver financial wellness concepts focused
exclusively on retirement.