Disruptive Impact of Fintech on Retirement Systems

Erscheinungsjahr 2019
ISBN: 978-0-19-884555-3
Verlag: OXFORD UNIV PR

Buch, Englisch, 256 Seiten, Print PDF, Format (B × H): 161 mm x 240 mm, Gewicht: 546 g

Many people need help planning for retirement, saving, investing, and decumulating their assets, yet financial advice is often complex, potentially conflicted, and expensive. The advent of computerized financial advice offers huge promise to make accessible a more coherent approach to financial management, one that takes into account not only clients' financial assets but also human capital, home values, and retirement pensions. Robo-advisors, or automated on-line services that use computer algorithms to provide financial advice and manage customers' investment portfolios, have the potential to transform retirement systems and peoples' approach to retirement planning.

This volume offers cutting-edge research and recommendations regarding the impact of financial technology, or FinTech, to disrupt retirement planning and retirement system design.

Autoren/Hrsg.

Agnew, Julie

Mitchell, Olivia S.

Fachgebiete

• Mathematik | Informatik EDV | Informatik EDV & Informatik Allgemein Rechtliche Aspekte der EDV
• Mathematik | Informatik EDV | Informatik EDV & Informatik Allgemein Soziale und ethische Aspekte der EDV
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Mathematik | Informatik EDV | Informatik Digital Lifestyle Online Banking & Finance

Inhaltsverzeichnis

- 1: Julie Agnew and Olivia S. Mitchell: How FinTech is Reshaping the Retirement Planning Process

- I: Financial Technology and the Retirement Marketplace

- 2: John Turner, Jill E. Fisch, and Marion Laboure: The Emergence of the Robo-Advisor

- 3: Jennifer Klass and Eric L. Perelman: The Transformation of Investment Advice: Digital Investment Advisers as Fiduciaries

- II: FinTech and Retirement Security

- 4: Julianne Callaway: FinTech Disruption: Opportunities to Encourage Financial Responsibility

- 5: Robert Klitzman: Ethics, Insurance Pricing, Genetics, and Big Data

- 6: Tim Rouse, David N. Levine and Allison Itami, and Ben Taylor: Benefit Plan Cybersecurity Considerations: A Recordkeeper and Plan Perspective

- 7: Cosmin Munteanu, Benett Axtell, Hiba Rafih, Amna Liaqat, and Yomna Aly: Designing for Older Adults: Barriers to a Supportive, Safe, and Healthy Retirement

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

- 8: Steve Polansky, Peter Chandler, and Gary Mottola: The Big Spenddown: Digital Investment Advice and Decumulation

- 9: Tom Baker and Benedict Dellaert: Behavioral Finance, Decumulation and Robo-Advice

- 10: Stephen L. Deschenes and Brett Hammond: Matching FinTech Advice to Participant Needs: Lessons and Challenges

- 11: Thomas Philippon: The FinTech Opportunity

Über Autor(innen)

Dr Julie Agnew is the Class of 2018 Professor of Finance and Economics at the College of William and Mary's Mason School of Business. Her research and consulting activities focus on behavioral finance and its relationship to financial decisions made by individuals in their retirement plans. She is also TIAA Institute Fellow, serves on the Advisory Board of the Wharton School's Pension Research Council, a Research Associate for the Center for Retirement Research at Boston College, and a board member of C&F Bank. Previously she served as an elected member of the Defined Contribution Plans Advisory Committee (DCPAC) for the Virginia Retirement System.

Dr Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, Professor of Insurance and Risk Management and Business Economics and Public Policy, Executive Director of the Pension Research Council, and Director of the Boettner Center for Pensions and Retirement Research, all at the Wharton School of the University of Pennsylvania. She is also Research Associate at the NBER. Her main interests are public and private pensions, insurance and risk management, financial literacy, and social insurance.