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SUMMARY:Planning for Retirement - Mr James Lloyd\, Head of Policy &amp\; R
 esearch\, International Longevity Centre - UK and Dr Elena Medova\, Centre
  for Financial Research\, Judge Business School\, University of Cambridge
DTSTART:20080613T151500Z
DTEND:20080613T153000Z
UID:TALK12459@talks.cam.ac.uk
CONTACT:Eva Gottschalk
DESCRIPTION:*4:15 Mr James Lloyd\nHead of Policy & Research\, Internationa
 l Longevity Centre - UK*\n_Asset Accumulation\, Decumulation and Transfer_
 \nThe last decade has been a period of enormous change in patterns of life
  course asset\naccumulation characterized\, in particular\, by rising prop
 erty wealth\, increased mortgage debt\nand inheritance transfers. Research
  from the ILC-UK explores these trends\, as well as related\ntrends in hou
 sehold income and pension saving.<p>\n*5.15 pm Dr Elena Medova\nCentre for
  Financial Research\, Judge Business School\, University of Cambridge*\n_I
 ndividual Asset Liability Management_\nSet against backdrop of the global 
 pension crisis we consider the concept of individual\nhousehold lifetime l
 ifestyle planning and formulate a model of a household forward plan\nusing
  dynamic stochastic optimization techniques. These include market and life
  event\nsimulation of very long future scenarios of random lengths\, scena
 rio tree structures\,\nautomated major rebalance point placement over the 
 planning horizon\, risk measures relative\nto lifestyle goals and computat
 ional solution techniques. The concepts are illustrated by\nproduction sof
 tware developed for US and UK households.<p>\n*6.30 pm Drinks (Room W2.01)
 *
LOCATION:Lecture Theatre 1 at the Judge Business
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