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kcowan 05-20-2007 01:43 PM

Retirement 2020 Conference Proceedings
 
This conference, put on by The American Society of Actuaries last September, covers many of the issues being faced by Employers and Employees with retirement in general and retirement plans in particular.

2020 Conference Report (pdf)

Here is a sample of just one perspective covered in depth (synopsis):
Quote:

Originally Posted by 2020
Markets
Needs of Markets
1. Transparency (impacts pricing)
a. Fees
b. Value of benefit promises
c. Governance
2. Benefit designs that permit transparent pricing and market hedging
3. Complete markets
4. Acceptance of market price by all stakeholders
Roles (Responsibilities) of Markets
1. Efficient pricing
2. Efficient risk bearing (risk pooling & risk hedging)
3. Allocation of risk
4. Discipline in pricing
5. Correctly priced retirement risk-taking (private and public)
6. Facilitate ways for individuals/groups to approach the market without being disadvantaged by other players
Risks Faced by Markets
1. Asymmetric information (of market participants)
2. Incomplete information (unsophisticated market users)
3. Failure of other systems
4. Interference of other stakeholders
5. Interference of other non-markets


deserat 05-20-2007 08:57 PM

Re: Retirement 2020 Conference Proceedings
 
Interesting - your outline basically says the same thing as a report I read on the future of healthcare - patient driven scenarios, insurance drive scenarios and clinicians/healthcare organization driven scenarios - bottom line: individual and corporate access to information (clinical and business) will drive the future, but in a different way based on the perspective (see above).

The ubiquitousness of IT is causing serious paradigm shifts in many markets.

Deserat

Nords 05-20-2007 09:58 PM

Re: Retirement 2020 Conference Proceedings
 
Quote:

Originally Posted by kcowan
This conference, put on by The American Society of Actuaries last September, covers many of the issues being faced by Employers and Employees with retirement in general and retirement plans in particular.

That synopsis looks every bit as exciting as I imagined an actuary's conference would be...


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