Ali Moore and Joshua Funder

The 2021 Household Capital Three Pillars Forum will be hosted by Ali Moore and broadcast on September 16 from 9.30am to 1.30pm. Entry to the online event is free of charge and professionals from the financial services and retirement industries are invited to attend.

This year the forum has grown to encompass three separate panel events, covering consumers, the economy and the three pillars of the retirement industry. Senator Anne Ruston will deliver the plenary address while Dr Deborah Ralston, co author of the Retirement Income Review and Professor Hazel Batemen, one of Australia’s leading academic authorities on population ageing and the economy will both deliver key notes. Panelists come together with Ali Moore in the Covid-safe Melbourne studios, from around Australia, and from Europe and North America.

In its third year, Household Capital’s Three Pillars Forum has become a thought leader event, driving discussion and innovation throughout the retirement community sector. The Three Pillars Forum is unique in its focus on bringing together the power and resources of the super, aged pension and retirement home equity sectors, looking for cohesive, collaborative solutions which will create better outcomes for Australian retirees.

Dr Joshua Funder says, “We are delighted to welcome such a broad cross section of experts to our event. From industry leaders to the people whose lives they impact every day, we were committed both to providing the latest information and a forum in which views and experiences can be shared and learning can accelerate.

“We hope that by bringing together an eclectic selection of thought pioneers we have generated new conversations and facilitated networking to work towards our goal of a truly collaborative solution for retirement income funding.”

Panel one: Australian retirees are the wealthiest in the world; but are they loving life?

This panel will explore whether Australian retirees experience confidence and lifestyles that match being the wealthiest in the world. Topics covered included the challenges of delivering coherent financial advice and access to all three pillars of retirement funding, how to provide retirees confidence in their own wealth and lifestyles; the difficulty of accessing information and then implementing appropriate in-home care or aged care.

Panelists: Noel Whittacker, Kyra-Bae Snell, Ben Hillier, Troy Sloan, Jeremy Duffield.

Panel two: Housing and funding retirement; the economic boost of a trillion dollars of Australian retiree property

This session will explore the potential economic boost from releasing the $1 trillion dollar Australian retiree property portfolio.

The expert panel will look at the immediate benefits of releasing the funds into the market, economic multiplier effects of equity release and economic stimulus from both additional funding and consumer confidence. The panel will grapple with the potential positive impacts of intergenerational wealth transfer and the benefits of spending by younger people and the boost to the housing and renovations market as the bank of mum and dad fund their kids and as retirees spend on creating their ideal forever home. Andrew Kail and Professor Thomas Davidoff add valuable international insights.

Panelists: Andrew Kail, Professor Thomas Davidoff, Emma Dawson, Tim Lawless, James Hickey, Bob Officer.

Panel three: Longevity, a blessing or a curse? Uniting the industry to fund an ageing population.

The final panel unites experts from every element of aged care funding including superannuation, the aged pension, home equity including the Pension Loan Scheme, and the latest in technology delivery.

The panel will consider the challenges facing an ageing population and how the industry can unite to provide customer first solutions that give our retirees the very best outcomes. How do we meet the challenges of dealing with elderly and vulnerable customers while providing comprehensive, independent and user friendly guidance?

The panel will discuss key elements from the Retirement Income Covenant Outlook.

Panelists: Dr Deborah Ralston, Steven Reilly, John Maroney, George Haramis, Dr Joshua Funder.

About the Household Capital Three Pillars Forum

Household Capital’s Three Pillars Forum is now in its third year and has grown to be a major Australian retirement income industry event, uniting diverse thought leaders and creating innovation and collaboration.

The 2021 Household Capital Three Pillars Forum will be broadcast on Thursday, September 16 from 9.30am. Registration is free of charge.

Visit the Three Pillars website to learn more.

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Deborah Ralston

Dr Deborah Ralston will take on the role of Chair of the Household Capital Advisory Board from May 2021. Dr Ralston is one of Australia’s preeminent thought leaders in financial services, superannuation and retirement funding with exceptional expertise in disruption and financial regulation.

Dr Joshua Funder, CEO of Household Capital announced: “Household Capital is delighted to have Professor Ralston join our team. Dr Ralston has exceptional expertise and experience in the retirement funding sector. More importantly Deborah’s long held values are consistent with the mission of Household Capital to ‘help Australian retirees live well at home’. We share a commitment to creating better lifestyles for Australia’s retirees.”

Household Capital and Dr Ralston are committed to helping retirees access all three pillars of their retirement funding: superannuation, aged pension and home equity.

“Australia has to find new ways to help current baby boomers navigate retirement with confidence. Throughout my career I’ve tried to understand finance through the eyes of consumers, their needs and the regulation of markets that meet them. Australians enjoy good health and long lives, high quality housing, a sustainable pension system and a leading superannuation savings system. I’m excited to join Household Capital in delivering widespread, responsible, long-term access to home equity retirement funding to show how Australia can lead the way in meeting the housing and funding challenges of an aging population.” says Dr Ralston.

“Australian retirees are on paper the wealthiest in the world. Unlocking the funds tied up in the third pillar of their balances, their properties, allows their lifestyles to match their wealth.” Dr Funder added.  “We acknowledge the superb leadership provided by Jack Diamond, the outgoing chair of the Household Capital Advisory Board. Jack has been a serial innovator in retirement and superannuation for decades and a founding thought partner for Household Capital.”

In 2019 Dr  Ralston was appointed by the Treasurer to the Retirement Income Review Panel. The Review is a comprehensive study of the current state of the Australian retirement system and its probable performance in the future as Australians live longer lives. The review considered the incentives for people to self fund their retirement, the fiscal sustainability of the system, the level of support provided to different cohorts and the three pillars of retirement income.

Dr Ralston is a Professorial Fellow at Monash University, a member of the Reserve Bank of Australia Payments System Board and holds a number of non-executive director roles. Dr Ralston joins Peter Kell, Gary Weaven, Alastair Peattie, Bob Officer, and Peter Harris on the advisory board.

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