1 / 6

Trends in Savings: Challenges for Asset Managers and Distributors

Trends in Savings: Challenges for Asset Managers and Distributors. Introductory remarks by Christopher Pissarides. Investment needs. Depend both on life cycle stage, employment experience and macroeconomy

gilda
Download Presentation

Trends in Savings: Challenges for Asset Managers and Distributors

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Trends in Savings: Challenges for Asset Managers and Distributors Introductory remarks by Christopher Pissarides

  2. Investment needs • Depend both on life cycle stage, employment experience and macroeconomy • Needs change: first saving for a house, then for a pension, then to finance post-retirement consumption

  3. Different liquidity needs • Each requires different combinations of liquidity (access to savings), capital growth and rate of return • Saving for a house requires high capital return without (necessarily) much liquidity • Saving for retirement can give up liquidity altogether

  4. Post-retirement • Most innovation can take place in saving instruments available after retirement • Large savings available, need for planned access and high rate of return • Haven’t found any!

  5. Current prospects • Population ageing – ageing of baby boomers with large accumulation of savings • Most in inflated house values • Need a way of turning that into a consumption stream

  6. Lessons from recession • Recession hit house values and asset holdings hard • Need to find a way of preserving capital value as much as possible • Shift to liquidity shows that such savings outlets are lacking

More Related