Agenda for Pension Research Council 2016 Conference

2016 Symposium: Financial Decision Making and Retirement Security in an Aging World
May 5-6

About the Conference

By the end of the next decade, the number of older Americans will have grown rapidly, but half if not more of the elderly will suffer from cognitive deficits after the age of 80. Our 2016 Pension Research Council symposium will explore how financial decision-making changes at older ages, how and when financial advice can be useful for the older population, and what solutions and opportunities are needed to resolve the likely problems that will arise.

Conference Agenda

Thursday, May 5, 2016

Introductory Remarks: Olivia S. Mitchell, The Wharton School

Session I: The Aging Brain and Financial Decision Making

• "Aging and Decision-Making Competence"
  Wandi Bruine de Bruin, Leeds University Business School
  • Download Conference Paper (conference registration login required)
• "Aging and Financial Decision Making"
  Keith Jacks Gamble, DePaul University
• Discussant: Michael Orszag, Willis Towers Watson
• "Risky Choices, Aging, and Financial Decision Making"
  Gregory R. Samanez-Larkin, Yale University
• "Retirement and Cognitive Function"
  Raquel Fonseca, UQAM; Arie Kapteyn, RAND; and Gema Zamarro, University of Arkansas
  • Download Conference Paper (conference registration login required)
• Discussant: Fredrick Axsater, State Street Global Advisors

Keynote Speaker: Ursula Staudinger, Columbia University

Session II: Financial Advice and Retirement Planning

• "Seven Life Priorities in Retirement"
  Surya Kolluri and Cynthia Hutchins, Bank of America Merrill Lynch
  • Download Conference Paper (conference registration login required)
• "When to Delegate? A Life Cycle Analysis of Financial Advice"
  Hugh Hoikwang Kim, Sungkyunkwan University; Raimond Maurer, Goethe University; and Olivia S. Mitchell, the Wharton School
  • Download Conference Paper (conference registration login required)
• Discussant: David Richardson, TIAA Institute
• "Approaching Retirement: The Categories, Timing and Correlates of Advice Seeking"
  Gordon L. Clark, Maurizio Fiaschetti, and Peter Tufano, Oxford University
  • Download Conference Paper (conference registration login required)
• "Annuity Options in Public Pension Plans"
  Robert Clark, North Carolina State University and Janet Cowell, North Carolina State Department of the Treasurer
  • Download Conference Paper (conference registration login required)
• Discussant: Briggette Miksa, Allianz Asset Management AG

Keynote Speaker: Nora Dowd Eisenhower, Consumer Financial Protection Bureau

Friday, May 6, 2016

Session III: Solutions and Opportunities

• "Aging and Exploitation: How Should the Financial Service Industry Respond?"
  Martha Deevy and Marti DeLiema, Stanford University Center on Longevity
  • Download Conference Paper (conference registration login required)
• "The Financial Landscape for Older Adults"
  Ryan Wilson, Law Offices of T. Ryan Wilson
• "Understanding and Combating Investment Fraud"
  Christine Kieffer and Gary Mottola, FINRA
  • Download Conference Paper (conference registration login required)
• Discussant: Clint Zweifel, Missouri State Treasurer

Session VI: Roundtable

John Phillips, Social Security Administration - Moderator
Alexa von Tobel, LearnVest
Steve Utkus, Vanguard
Matt Fellowes, HelloWallet