Best Practice Forum - Retirement Income

RETIREMENT INCOME INSIGHTS FOR FINANCIAL ADVISERS

Thursday, 24 October 2024 - Art Gallery of NSW | In person and live-streamed

Offering 4.5 CPD hours, subject to approval

It's no secret that Australia has an ageing population. Thousands of Aussies are retiring each week, and the conversation surrounding how to best support them is frequently making headlines.

The opportunity this presents for financial advisers is unmatched and, with the average retirement looking quite different these days, contemporary retirement advice is quickly becoming an art form.

Financial Standard's Best Practice Forum on Retirement Income will paint a clear picture of Australia's retirement landscape, exploring regulatory considerations, innovative product solutions, income strategies and leading insights from specialists in the space.

The Retirement Income Forum is a part of Financial Standard's annual Best Practice series for the financial advice community.

Financial Standard's Best Practice Forums are accredited by the Financial Advice Association Australia (FAAA) for CPD hours aligned to Legislated CPD categories. The Retirement Income Forum was accredited for 4.5 learning hours in 2023, divided into the following Legislated CPD categories:

• General: 1.25 hours
• Technical competence: 2.75 hours
• Client care and practice: 0.50 hours

If you are after additional professional development content or would like to access the CPD content from previous forums, please visit Financial Standard's CPD program FS Aspire CPD.

 

 

RETIREMENT INCOME INSIGHTS FOR FINANCIAL ADVISERS

Agenda is subject to change

8:30am

Registrations open

8:55am

Welcome from Financial Standard

9:00am

The gallery of retirement: curating market insights

AMP Advice

9:35am

SMILE: techniques on tackling the top 5 retirement risks with confidence

A successful retirement requires solving each of the SMILE risks - Sequencing, Market, Inflation, Longevity and Emotional. Nobel laureate Jan Tilbergen found that you can't effectively solve multiple problems with a single solution, yet many retirees attempt to manage all the SMILE risks with investment strategy alone. To help advisers better assist their retired clients, this session will:

• Provide an overview of the SMILE risks
• Demonstrate the limitations and trade-offs required from common approaches
• Detail how new IRIS legislation has increased the strategies available to manage SMILE risks
• Explain how IRIS strategies can enhance investments solutions such as SMAs to improve retirement outcomes

Ben Hillier
Director retirement, North

Julian Lefcovitch
Senior product manager - managed portfolios, North

10:10am

The art of steady earnings

Paul Miron
Managing director, Msquared Capital

Find out more about Paul

Paul has over 25 years' banking and finance experience. As Co-founder of Msquared Capital, Paul identified a widening gap in the market for a trusted private credit fund manager, enabling investors to access high-quality mortgage investments secured by real estate. Paul has been instrumental in the firm's expansion, applying a philosophy centred on rigorous credit analysis. This approach offers investors access to registered mortgages across the eastern seaboard, providing a robust platform for growth and market exposure. Throughout his career, Paul has held senior positions at leading financial institutions, where he gained extensive expertise in relationship management, funding structures, and complex loan products. He has successfully facilitated funding for numerous major projects, predominantly in New South Wales, as well as in Victoria and Queensland, effectively mitigating risks for investors through meticulously structured loans.

10:45am

Morning Tea

11:15am

Retirement renaissance: weighing up choices and trade-offs between capital access and lifetime income

• A new set of design rules in 2019 broadened the range of new and innovative retirement income streams. These solutions can help manage the competing objectives of stable income, sequencing risk, longevity risk and flexibility. Lifetime income streams that satisfy a capital access schedule, whereby specific withdrawal and death benefits are imposed, may garner favourable assets test treatment for social security purposes - but at what cost, and is it really necessary?
• In the pursuit of favourable social security treatment and a potential uplift in Age Pension, what are some of the considerations for capital access and income?
• In this session, we use case study analysis to highlight some of the factors that advisers should consider when seeking clarity on whether to recommend a lifetime income stream that satisfies a capital access schedule, or one allowing full access to the investment value along the way.

Justine Marquet
Head of technical services, Allianz Retire+

Find out more about Justine

Justine has over 20 years' experience in financial services, working across technical services, product development, regulatory change, operations, and sales functions. Her career has spanned superannuation, retirement, wealth, insurance and financial advice, giving her a deep understanding of the challenges Allianz Retire+ is committed to solving. Justine began her career at AMP and BT before heading up the Professional Development business at Kaplan. Justine then joined AIA, creating and leading their Technical and Education Centre of Excellence, and was Head of Technical Services, Research and Regulatory Change at MLC Life. Justine's qualifications include a Master of Commerce (Fin. Planning) and Dip. Supn Management.

11:50am

Palette of possibilities

12:25pm

Lunch

1:05pm

Framing the future: solutions for industry hurdles

1:40pm

Sculpturing the next chapter

Remara

2:15pm

Financial brushstrokes: designing retirement portfolios with precision (Panel discussion)

Centric Wealth

2:50pm

Closing remarks

3:00pm

Event end

Post networking drinks and art gallery tour in-person

BOOK YOUR SEAT

THURSDAY, 24 October 2024

8:30AM - 3:00PM

Art Gallery of NSW & LIVE-STREAMED ONLINE

COMPLIMENTARY FOR FINANCIAL ADVISERS

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