2018 Symposium:

The Disruptive Impact of FinTech on Retirement Systems

May 3-4, 2018

The 2018 PRC Symposium on The Disruptive Impact of FinTech on Retirement Systems explored how technological innovation is changing the retirement marketplace, insurance markets, and how plan sponsors help shape workers’ pension saving, investment, and decumulation plans.

Academics, policymakers, and industry leaders discussed how these innovative and often disruptive developments are altering the retirement space. Conference participants included plan sponsors, benefits specialists, actuaries, academics, regulators, and others working to design resilient pensions for the next decades.

This conference was by invitation only.

FinTech Innovation and Transformation

Thursday, May 3, 2018

Introductory Remarks: Olivia S. Mitchell, The Wharton School

Session I: Technology, Innovation, and the Retirement Marketplace

Moderator: Julia Coronado, Macropolicy Perspectives

Discussant: Kent Smetters, The Wharton School

Discussant: Ann Lester, JP Morgan

Afternoon Keynote: “FinTech Innovation and Transformation”

Speaker: Paolo Sironi, IBM (video available here)

Moderator: Surya Kolluri, Bank of America

Session II: Data Analytics, Insurance Underwriting, and Retirement Security

Moderator: Doug Chittenden, TIAA

Discussant: Peter Shena, Ontario Pension Board

Discussant: Mike Orzag, Towers Watson

Evening Keynote: “How Behavioral Science Can Inform Financial Decision-making”

Speaker: Eldar Shafir, Princeton University (video available here, presentation slides available here)

Moderator: Olivia S. Mitchell, The Wharton School

Friday, May 4, 2018

Session III: New Roles and Responsibilities for Plan Sponsors and Regulators

Moderator: Stacy Schaus, Pimco (moderator presentation slides available here)

Discussant: Mark Warshawsky, SSA (discussant presentation slides available here)

Discussant: Richard Shea, Covington and Burling (discussant presentation slides available here)

Session IV: Roundtable: The Future of Retirement Startups: Challenges and Opportunities

Moderator: Julie Agnew, College of William & Mary

Rhian Horgan, Kindur.com
Elizabeth Kelly, UnitedIncome.com
Debra Whitman, AARP
Kelli Keough, JP Morgan Chase

Closing remarks: Olivia S. Mitchell, The Wharton School