An explanation of the purpose of the forum, and an outline of the day's activities.

The Forum, co-hosted by the RPRC and the Commission for Financial Literacy and Retirement Incomes, builds on the 2012 Forum: Spending the Savings.  The Forum will bring together consumer and sector representatives, actuaries, academics and other experts to progress a report on the viability of various approaches to the decumulation of savings.

The keynote speaker is Jeremy Cooper, Chairman of Retirement Income at ASX-listed Challenger Limited, a major annuity provider in Australia.

The Forum supports Recommendation 7 in the Retirement Commissioner’s 2013 Review of Retirement Incomes: Retirement Commissioner to convene a broadly representative review to determine viability of approaches to the voluntary annuitisation of savings, including KiwiSaver balances, on retirement.

View and download the Reading resources.

Time Topic Speaker
8.30am Registration  
9am Welcome
Expertise and knowledge assembled for specific purposes
Forum founation: ageing population demographics, costs and concerns
Susan St. John
9.15am Set the scene: Forum purposes Retirement Commissioner Diane Maxwell
9.30am Australia's take-off in annuities Jeremy Cooper, Challenger
10am Home Equity Release Andrew Ford, Heartland
10.20am NZ Income Guarantee
Ralph Stewart
10.40am RPRC annuity proposal Susan St. John
11am Morning Tea  
11.20am Consumer perspective: What do retirees want and need, what are the problems, and the barriers to reaching solutions

Ana-Marie, ANZ survey
Kathy Peri, University of Auckland
Martin Connolly, University of Auckland
Margaret Owens, RVA


12am Tax issues Michael Littlewood & Michael Chamberlain
12.15am UK's end to annuities Patrick Nolan, NZPC
12.45pm Lunch  
1.30pm Acturial assessment of decumulation options Alison O'Connell
Daniel Mussett
Mark Channon
2pm Workshops: Focus on available products; what consumers want; proposed products Workshop leaders:
Judith Davey
Bridget Browne
Malcolm Menzies
3.30pm Plenary session Chair: David Boyle CFLRI
4.50pm Closing comments Retirement Commissioner Diane Maxwell