A2B Symposium - Academic 2 Business - Research informing Business
19th November 2014, InterContinental Sydney, 117 Macquarie St, Sydney NSW, Australia
Dr Jack Ding
Topic: Investing in the Retirement Years
Most Australian superannuation funds have good processes for investing their member's benefits during the accumulation phase. However no fund has yet set up a proper investment structure to help retired members to manage their benefit during the years when their income from work has ceased and the balance is gradually reduced through draw-downs. This presentation focus on the management of market risks during the pension phase, and discusses the various potential investment strategies including:
- Constant allocation
- Downward and upward sloping glide path
- Downside protection strategies
- Buckets and collar strategies
- Use of life annuities
- Dynamic asset allocation with market signals"
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Dr Jack Ding - Biography
Jack is a Fellow of Institute of Actuaries Australia and has completed education for PhD in Economics in 2013 at Macquarie University. He joined Rice Warner Pty Ltd in 2010 under the CMCRC PhD scholarship arrangement and has been involved in many areas of actuarial research and consulting works, while worked on his PhD thesis on the topics of retirement strategies and superannuation policies.
Under the supervision of Professor Geoff Kingston, Jack's PhD research models the financial behaviour of Australian retirees, by optimizing a utility model with complex interactions between investments, consumption, owner's occupied housing, bequest motives and Australia's age pension system. His research has received interest and discussion from various parties and public media.
Prior to this, Jack completed a double degree in Commerce and Economics at UNSW, with honours in Actuarial Studies. His honours thesis, under the supervision of Professor Michael Sherris, looks at investment and credit risk models for pricing and hedging structured credit derivatives.
Jack is currently working as a consultant at Rice Warner. His recent responsibilities include the development of stochastic investment models and providing advices on asset allocation and retirement solutions for various superannuation funds.