About the Meeting
This talk will be given by Ian McKeever, based on his paper (click here for link) on pension freedoms, and provides a different take on the problem of investment after retirement.
- For someone retiring today, dying earlier than expected is not a financial problem but dying later than expected is. They need an investment time horizon of 30 years plus.
- As Winston Churchill once said, “The farther back you can look, the farther forward you are likely to see.” A look at the history of equity markets and equity dividends.
- A strategy using equity dividends to provide a level income in retirement. How it would have fared in the past?
- Inflation. For the working population, inflation is like a broken arm; painful at the time but eventually one recovers. For the retired, it is like a brain tumour, the damage is permanent, and any recovery is at best marginal. Inflation in the past and how much protection equity dividends provided.
- Longevity risk. Annuities: poor investment; good longevity insurance.
- Managing divestment in volatile markets. Resurrecting annuity shares.
- Practical issues of portfolio construction for a retiree investing directly, diversification, future proofing, international investment and withholding tax.
- Product design issues for the Financial Services Industry.
Please arrive at 5.30pm to sign-in before a 6pm start.
Sandwiches and drinks will be served after the talk.
(VIRTUAL) SIAS AGM followed by Talk on Climate Change
The SIAS Annual General Meeting will commence at 5.30pm and be followed by a talk on Climate Change, at 6pm.
(VIRTUAL) ESG Investing
What ESG data and metrics should you be demanding from your asset manager?
The evolution of the relationship between institutional investor and asset manager in the context of climate change