Webinar: Introducing the Retirement Bond: The New Risk-Free Asset in Decumulation Strategies

The need for retirement products to provide income security for DC plan participants has been identified, both by regulators and the industry, as the primary goal of retirement investing. Join us for a discussion on how to achieve this objective without sacrificing liquidity or flexibility.

During this 1 hour webinar hosted by Pensions & Investments, the world’s leading newspaper for institutional investing, our two leading experts will discuss:

Addressing the decumulation investing problem: Goal-based withdrawal and investment strategies;
The outstanding puzzles in retirement investing: The annuity puzzle and the duration puzzle;
The introduction of the Retirement Bond: The new risk-free asset in retirement income strategies;
The benefits of the Retirement Bond in decumulation investment strategies.

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SPEAKERS

Lionel Martellini is a Professor of Finance at EDHEC Business School and the Director of EDHEC-Risk Institute. He has also taught at UC Berkeley, USC and Princeton University. His work has been published in leading academic and practitioner journals and he has co-authored reference textbooks on fixed-income securities, goal-based investing and retirement investing. Professor Martellini is a member of the editorial board of Journal of Portfolio Management and Journal of Retirement, and has served as a consultant for large institutional investors and asset management firms in Europe and in the US. He holds Master’s degrees in economics, mathematics and statistics, as well as a PhD in finance from the Haas School of Business, University of California at Berkeley. Outside of his activities in finance, he more recently completed a PhD in relativistic astrophysics and has become a member of the LIGO/Virgo international collaboration for the observation of gravitational waves.

Shahyar Safaee is a Research Director and Head of Business Development at EDHEC-Risk Institute. Before joining EDHEC-Risk Institute in 2020, Shahyar was a capital markets professional with a 20-year track record in both sell-side and buy-side roles, notably spending 18 years in J.P. Morgan’s Global Equities division in London, Paris, and New York, serving institutional clients in various capacities including quantitative research, trading, fund management, asset-based financing, and structuring. He holds master's degrees in engineering (Ecole des Mines de Saint-Etienne) and financial mathematics (Université Claude Bernard in Lyon).

Register directly to the webinar on Pensions&Investments website.

What you can expect to learn about during the session:

The complex problem of efficiently securing retirement income post retirement, a.k.a. the decumulation problem
Desirable features one should expect to find in efficient decumulation strategies
Retirement income risk and the risk-free asset DC plans should have in their toolkit
How this risk-free asset enhances retirement outcomes for beneficiaries?

Date

Wednesday 08/12/2021 - Wednesday 08/12/2021

2:00pm - 3:00pm EST

Place

Webinar

About EDHEC

Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.

About EDHEC-Risk Climate Impact Institute

Marking the priority assigned by the School to sustainability issues and building on its research programmes exploring the relationships between climate change and finance, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute in October 2022. The Institute's mission is to help private and public decision-makers manage climate-related financial risks and make the best use of the financial tools available to transition to low-emission and climate-resilient economies. The Institute’s research programmes explore the relationships between climate change and finance and our key ambition is to become a leading academic reference point for long-term investors, helping them to manage the asset-pricing implications of climate change as well as mitigation and adaptation efforts.