The Disruptive Impact of Fintech on Retirement Systems

by Agnew, Julie; Mitchell, Olivia S.

• ISBN13: 9780198845553
• ISBN10: 0198845553
• Format: Hardcover
• Copyright: 2019-10-29
• Publisher: Oxford University Press

Author Biography

Julie Agnew, Class of 2018 Professor of Finance and Economics, College of William and Mary's Mason School of Business,Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor, Wharton School of the University of Pennsylvania

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.

Table of Contents

1. How FinTech is Reshaping the Retirement Planning Process, Julie Agnew and Olivia S. Mitchell
I: Financial Technology and the Retirement Marketplace
2. The Emergence of the Robo-Advisor, John Turner, Jill E. Fisch, and Marion Laboure
3. The Transformation of Investment Advice: Digital Investment Advisers as Fiduciaries, Jennifer Klass and Eric L. Perelman
II: FinTech and Retirement Security
4. FinTech Disruption: Opportunities to Encourage Financial Responsibility, Julianne Callaway
5. Ethics, Insurance Pricing, Genetics, and Big Data, Robert Klitzman
6. Benefit Plan Cybersecurity Considerations: A Recordkeeper and Plan Perspective, Tim Rouse, David N. Levine and Allison Itami, and Ben Taylor
7. Designing for Older Adults: Barriers to a Supportive, Safe, and Healthy Retirement, Cosmin Munteanu, Benett Axtell, Hiba Rafih, Amna Liaqat, and Yomna Aly
III: New Roles and Responsibilities for Plan Sponsors and Regulators
8. The Big Spenddown: Digital Investment Advice and Decumulation, Steve Polansky, Peter Chandler, and Gary Mottola
9. Behavioral Finance, Decumulation and Robo-Advice, Tom Baker and Benedict Dellaert
10. Matching FinTech Advice to Participant Needs: Lessons and Challenges, Stephen L. Deschenes and Brett Hammond
11. The FinTech Opportunity, Thomas Philippon