Overview – Wednesday – December 2

9:00am – 9:05am

WELCOME

9:05am – 9:35am

ETHICAL BUSINESS MODELS AND THE ROLE OF RESEARCH – QUICKFIRE Q&A

Research providers are unquietly placed to bring objectivity, independence and rigor to the advice industry at critical time on its journey to professionalism. The foremost ethics and professional standards expert in the country lays out on the table what it means to be ethical in this quickfire Q&A.

Deen Sanders

Ethics and professionalism leader for the Deloitte Governance, Regulation and Conduct group

Chair

Matthew Smith

Director of retail content, Conexus Financial

9:35am – 10:10am

CONFLICTS AND THE ROLE OF RESEARCH

Key decision makers in advice, funds research and investment product design discuss the challenges and solutions ahead for the research industry to navigate conflicted business models in the creation and dissemination of high quality, timely and independent insights that help advisers satisfy their obligations under FASEA’s Code of Ethics and to clients.

  • Consideration of vertically integrated products - what is the researcher’s role?
  • Pay for ratings - a broken model?

Cassandra Crowe

Head of consultants Australia & New Zealand, T Rowe Price

Bronwen Moncrieff

General manager and head of research, Zenith Investment Partners

Matt Olsen

Head of research and retirement income, IOOF

Chair

Matthew Smith

Director of retail content, Conexus Financial

10:10am – 10:50am

EARNING A PLACE IN THE PORTFOLIO

The ruthlessness with which investors now need to assess forward risk and return outlooks for all asset classes could mean a move away from conventional SAA to a more flexible approach which may exclude some assets of sub-asset classes in part or completely. What makes the cut and which assets are dispensable in this new world?

Angela Ashton

Director, Evergreen Consultants

Andrew Fisher

Head of asset allocation, Sunsuper

James Kingston

Director, head of portfolio analysis & solutions APAC, Blackrock

Chair

Laurence Parker-Brown

Content producer, Conexus Financial

10:50am – 11:30am

THE INFLATION DEBATE: THE BIGGEST DILEMMA FOR RESEARCHERS POST GFC

Over the past thirty years, interest rates have steadily fallen and despite heterogeneous trajectories for a range of products and services, the general price trend has seen low and stable inflation. Over the next few years, capital markets must resolve two competing trends, the demographic terrain and economic decline that infer deflation and the desire of central banks and governments to inflate away the emergency deficits. This debate will explore the risks to client portfolios and the strategies to manage uncertainty over price levels.

Scott Berg

Portfolio manager, T Rowe Price

Nick Langley

Managing director and senior portfolio manager, RARE

Brad Matthews

Principal, Brad Matthews Investment Strategies

Chair

Laurence Parker-Brown

Content producer, Conexus Financial

11:30am – 2:00pm

BROADCAST ENDS

2:00pm – 2:05pm

RECAP OF THE MORNING SESSION

Recap of the morning session

Chair

Laurence Parker-Brown

Content producer, Conexus Financial

Chair

Matthew Smith

Director of retail content, Conexus Financial

2:05pm – 2:55pm

HOW TO PICK A FRAUD

There has been a raft of products now called out by the regulator for promising something they don't deliver. Particularly in the fixed income-style returns space where investors are desperate for yield while interest rates remain terminally low. This session provides insight into the work the regulator is doing in this area as well as determining the line between marketing and misrepresentation.

Rhys Bollen

Senior executive leader, investment managers, ASIC

Pamela Hanrahan

Professor of commercial law and regulation, UNSW Business School

Dominic McCormick

Consultant, DPM Financial Services

Chair

Matthew Smith

Director of retail content, Conexus Financial

2:55pm – 3:35pm

ADDRESSING FEES AND PERFORMANCE HEAD-ON

The continued focus on fees has resulted in more efficient models and portfolios populated with low cost smart beta. Where can costs continue to come down and at what point does the consideration of fees become too prominent? Further, what ways can the research community measure the impact of active management and implementation of portfolios

  • Cost-saving through implementation - are we at ground zero?
  • Could researchers be more proactive in penalising high fees?
  • Considering the role of active and passive in the prevailing environment
  • Benchmarking and performance measurement

Andrew Connors

Co-founder, Quilla

Michael Furey

Principal, Delta Research & Advisory

Jessica Melville

Head of strategic advisory, investments, Willis Towers Watson

David Walsh

Head of Investments, Realindex

Chair

David Bell

Executive director, The Conexus Institute

3:35pm – 4:15pm

ESG - BEYOND THE GREENWASHING

Client demand has pushed ESG considerations out of the theoretical and into the realm of the essential. With ESG categorisations still evolving and the thinking around sustainable development goals developing clients are investing in a dynamic but uncertain environment. This session gives researchers the tools to understand client demand and match these with solutions, a process that can involve navigating contradictions in labelling at both the portfolio and individual company level.

Tony Adams

Head of sustainable investment research, Lonsec

Jenn-Hui Tan

Global head of stewardship and sustainable investing, Fidelity

Jan Anton van Zanten

Sustainable development goals strategist, Robeco

Chair

Laurence Parker-Brown

Content producer, Conexus Financial

4:15pm – 4:55pm

THE EVOLUTION OF RESEARCH

The continued fragmentation of the advice industry has led to further proliferation of independent research consultants and bespoke implementation structures at a time when the bar for quality and timeliness of research from advisers is being raised. This panel looks at the evolution of research and asks what are the appropriate structures, governance measures and qualifications needed within the research industry to advance advice outcomes.

Michael Karagianis

Senior consultant, Jana Investment Management

Ian Knox

Director, Lonsec

Tim Murphy

Director of manager research, Morningstar

Chair

Matthew Smith

Director of retail content, Conexus Financial

4:55pm – 4:55pm

BROADCAST ENDS