Based on research largely conducted at Bayes and published in international journals such as the Journal of Retirement, this faculty-led online alumni event will look at how conventional, well-established investment ideas for long-term saving are being challenged by recent research, which strongly advocates staying largely invested in equities right through late into retirement.
In so doing, this approach defies the popular myth of the superiority of so-called Target Date investing, which advocates a gradual shift into 'safer' assets such as government bonds and into which a very large percentage (over one half in the US) of retirement savings flows.
Our results offer the surprising conclusion that with simple appropriate portfolio construction methods retirees can be the fortunate recipients of a 50% uplift in retirement income, with no increase in illiquidity or transactions costs….and no venturing into opaque ‘alternative assets!
Stephen Thomas, Professor of Finance at Bayes Business School, will run this online event, which is designed to shed new light on the area and spark debate among participating alumni.
NB: Registered alumni will receive the Zoom link required to take part by email 24 hours in advance of the event. These webinar connection details are not to be shared.
About Professor Stephen Thomas
Stephen Thomas is a Professor of Finance at Bayes Business School and previously at the Universities of Wales and Southampton, as well as Visiting Professor at the ICMA Centre at Reading University. He is Co-Director of the Bayes Executive Ph.D. Programme and prior to this was Associate Dean for MBA programmes at Bayes.
Having been a founding Director of the Bear Stearns Global Alpha hedge fund over 20 years ago, he subsequently cofounded Solent Systematic Investment Strategies to advise on investment strategies using academic based research. Recently he has been involved in retirement solution strategies and their commercialisation using app technology.
Stephen is co-author of the CFA Training Manual for the Investment Management Certificate qualification, now in its 22nd edition.
Attendance at City St George's events is subject to our terms and conditions.