Program

This program is also available in the official PDF brochure .

8.00-8.45	Registration and coffee
8.45	Welcome by Dirk Witteveen (DNB)
Session I	Recent developments in pension finance and actuarial science
	Chairman: John Ashcroft (IOPS, The Pensions Regulator)
9.00-10.00	Lecture I.1 Luis Viceira (Harvard University)
	‘Global Currency Hedging for Pension Funds'
	Discussant Dirk Broeders (DNB)
10.00-11.00	Lecture I.2 Jon Exley (Barclays Capital)
	‘Is market valuation fair?'
	Discussant Peter Schotman (Netspar, Maastricht University)
11.00-11.30	Coffee break
11.30-12.30	Lecture I.3 Jeremy Gold (Jeremy Gold Pensions)
	‘The Intersection of Pensions and Enterprise Risk Management'
	Discussant Theo Nijman (Netspar, Tilburg University)

12.30-14.30	Lunch

Session II	Institutional design of the pension system
	Chairman: Sylvester Eijffinger (Netspar)
14.30-15.30	Lecture II.1 Raimond Maurer (Goethe-Universität)
	`The Victory of Hope over Angst? Funding, Asset Allocation, and Risk-Taking in German Public Sector Pension Reform'
	Discussant Tom Steenkamp (ABP, Free University)
15.30-16.30	Lecture II.2 Matthias Weiss (University of Mannheim)
	‘Age and productivity in work teams'
	Discussant Klaas Knot (DNB, University of Groningen)
16.30-17.00	Refreshments
17.00-18.00	Lecture II.3 David Blake (Cass Business School)
	‘Its all Back to Front: Critical Issues in the Design of Defined Contribution Pension Plans'
	Discussant Solange Berstein (SAFP)

19.30-23.00	Diner

8.30-9.00	Coffee

Session III	International dynamics in pension governance, pension supervision and risk sharing
	Chairman: Dirk Witteveen (DNB)
9.00-10.00	Lecture III.1 Richard Hinz (The Worldbank)
	‘Risk Based Supervision of Pensions: The Experience of Early Adopters'
	Discussant Coen Teulings (CPB, Amsterdam University)
10.00-11.00	Lecture III.2 Keith Ambachtsheer (Director, Rotman International Centre for Pension Management, University of Toronto)
	`The ideal pension delivery organization: theory and practice'
	Discussant Ambrogio Rinaldi (COVIP, OECD WPPP)
11.00-11.30	Coffee break
11.30-12.30	Lecture III.3 Zvi Bodie (Boston University School of Management)
	‘International Risk-Sharing, Modern Financial Technology, and Pension Guarantees'
	Discussant Kees Koedijk (Netspar, RSM Erasmus University)

12.30-14.00	Lunch

	Chairman: Aerdt Houben (DNB, IOPS)
14.00-15.00	Lecture III.4 Lans Bovenberg (Netspar)
	‘Optimal risk sharing in collective pension schemes'
	Discussant Ross Jones (APRA, IOPS)
15.00-15.45	Key note speech by Lucas Papademos (ECB)
	‘Population ageing, financial markets and monetary policy'
15.45-16.00	Refreshments

Session IV	Panel discussion
16.00-17.00	Governor Wellink (chairman) , John Ashcroft (IOPS, The Pension Regulator), Henrik Bjerre-Nielsen (CEIOPS) , Zvi Bodie (BU), Lans Bovenberg (Netspar)
17.00	Closing remarks

Frontiers in Pension