Think Tank Session #1

Think Tank Session #1

Decumulation Institute organized its first Think Tank Session in June 2014. The participants included Dr. Moshe Milevsky, a renowned academic in the field of retirement income; Malcolm Hamilton; Don Ezra; Bill Chinery; the financial columnist Jonathan Cheverau; fund governance leader Tom Iannucci; Clive Morgan; Paul Purcell; and John T. Por.

The discussions covered the following:

  • The role and use of annuities and other longevity protection products as in-plan options and in decumulation,
  • Why current DC member education efforts fail dramatically in influencing actual member behaviour and if such efforts could be improved, and
  • Actions sponsors might reasonably take to assist their members in more efficient asset decumulation.

The discussions after a no-holds barred debate produced reasonable consensus on most issues and also a clear picture of what the participants thought the existing state of art in DC decumulation practices was and its likely direction.