Workshop - How to design & implement lifecycle
strategies
Friday 15th October, 2010
Post-Conference Workshop A - 9.00am - 4.00pm

At the core of reform and review of the superannuation system is how to improve retirement incomes for super fund members. With an ageing population, a focus on securing and improving retirement incomes throughout retirement is a key focus for the industry.

Lifecycle investment strategies can protect members in volatile times, deal with market turbulence and see better retirement incomes for the consumer. However, implemented incorrectly, they can be problematic.

The challenge is in the design; design needs to be tailored to the needs of the consumer, and bespoke options and solutions will lead to better engagement of the consumer, better protection over turbulent times and more beneficial retirement income outcomes.

At this workshop you will explore how to:

• Utilise behavioural finance to inform default option design
• Design flexible lifecycle strategies, either fully customised or low-cost My Super solutions
• Have a true member focus
• Create retirement income solutions and lifecycle planning to offer your members the best way to manage their super fund from ‘cradle to grave’
• Deliver on the value proposition for your members.

About your workshop leaders:

Michael E. Drew is Managing Director of Lifecycle Strategies at QIC (Queensland Investment Corporation) and Professor of Finance at the Griffith Business School, Griffith University.

Prior to joining QIC, Michael held appointments with QSuper, Wilson HTM and JBWere & Son.

Michael’s research has studied and developed new approaches to the design of the default option in superannuation funds, as well as devising winning strategies for lifecycle and target date funds.

Michael is a senior fellow of the Financial Services Association of Australasia (Finsia).

Evan Reedman is the Director of Lifecycle Strategies at QIC. Evan joined QIC in April 2010. He is responsible for the day-to-day management of the Lifecycle Strategies group, the operational and implementation aspects of lifecycle portfolios and client relationships.

Evan has over 20 years experience in finance, most recently as Head of Portfolio Construction at JANA Investment Advisers. His responsibilities have included assisting superannuation fund trustees to set investment objectives, determining investment policy, modelling optimal asset allocation strategies, selecting investment managers and monitoring the performance of clients’ funds.

Evan is a fellow of the Financial Services Association of Australasia (Finsia).