SEPTEMBER 27TH, 2018
In Session III we discuss the suitability of DC plans to meet the retirement funding needs of participants (Are DC plans sufficient?); will participants need to save additional amounts?(i.e., personal wealth management); what are the implications for asset allocation and strategies employed in DC plans; in personal wealth accumulation and management?
Stacy Scapino Mercer
Stacy is a partner within the Wealth-Investments business. Currently, she is working on issues related to Mercer Investments’ global strategy across business and client segments. Stacy has 24 years of experience within the pension, investment and banking industries. Stacy has held several global leadership roles within Mercer, including being the Global Leader for the Multinational Corporate Client Segment from 2002 – 2005 and 2011 – 2016, as well as being the Global Leader and founding member of the Mercer Sentinel® Group from 2005 – 2011. Mercer Sentinel is a specialist business unit within Mercer focused on operational and execution risks. Before founding Sentinel, Stacy led the UK Implementation Consulting teams. Prior to joining Mercer in the UK, Stacy was based in Mercer’s Chicago, Illinois office, where she led the United States Custody and Asset Administration team and the Defined Contribution Resource Centre.
Stacy came to Mercer from the Federal Reserve Bank of New York, where she was a senior financial analyst responsible for research and policy development in Bank Supervision. Her primary responsibilities were to provide Federal Reserve Senior Management and the Federal Reserve Board of Governors with analyses related to domestic and international capital markets, accounting and capital adequacy issues.
Stacy has a Bachelor of Science in finance from the University of Illinois and a Master of Arts in international economics and European history from the Johns Hopkins University Paul Nitze School for Advanced International Studies. She is a CFA Charterholder. Stacy was appointed for a three-year term to the ERISA Advisory Council starting January 2016.
Lori Lucas, CFA, President and CEO, EBRI
Lori Lucas, CFA, is the President and CEO of EBRI. Lori is responsible for leading EBRI in its mission to provide unbiased, fact-based research and data on retirement, health care, and other benefits that provide financial security for American workers.
Formerly, Lori was an Executive Vice President and Practice Leader at Callan, where she led Callan’s DC business, and developed research and insights into retirement trends for the benefit of clients and the industry.
In previous roles, Lori was Director of Retirement Research at Hewitt Associates, served as a vice president at Ibbotson Associates, as a pension fund consultant at J.H. Ellwood & Associates, and an analyst and product development leader at Morningstar, Inc.
Lori received a Bachelor of Arts from Indiana University and earned a Masters from the University of Illinois. Additionally, she earned the right to use the Chartered Financial Analyst® designation. Lori is the immediate past Chair of the Defined Contribution Institutional Investment Association and has served as the Vice Chair and Research Chair of EBRI. She is a former columnist for Workforce Management online magazine. She has testified before the Senate HELP Committee, the DOL, SEC, and ERISA Advisory Council. Her views have frequently been cited in the press, and in articles and white papers she has written. She has also been a featured speaker at national and international conferences.
Jessica Sclafani, CAIA, Cerulli Associates
Jessica leads Cerulli’s U.S. Retirement practice and oversees three annual research reports, consulting engagements, and the quarterly issues of The Cerulli Edge—U.S. Retirement edition.
The Retirement practice focuses on trends related to the DC plan market and retail IRA channel, including:
- Migration of assets from the DC market to the retail IRA channel with an emphasis on retirement income
- Detailed sizing of the DC market by plan type—401(k), 403(b), 457, and 401(a)
- Impact of increasing oversight and regulation on the retirement industry
- DC plan participant and IRA owner behavior and investing preferences
Prior to joining Cerulli Associates, Jessica was an Analyst at Wellington Management Company, LLP where she communicated with plan sponsors on a range of investment-related issues, including strategic asset allocation, performance analysis, and client channel trends.
Jessica graduated cum laude from the College of Arts and Sciences at Boston College and holds the Chartered Alternative Investment Analyst (CAIA) designation.
Katharine Wyatt, CFA, Abbott Laboratories
Katharine Wyatt, CFA is the Director of Investments for Abbott Laboratories retirement programs and is responsible for oversight of investments of Abbott’s Defined Benefit and Defined Contribution assets. Katharine is involved in all aspects of portfolio management, including asset allocation, manager selection and monitoring, and portfolio construction covering both public and private markets. In addition to the US plans, Katharine also oversees the investments of Abbott’s pension assets in Puerto Rico and Germany. Prior to joining Abbott, she was a research analyst at a multi-family investment office covering hedge fund and private equity investments. Katharine holds both an MS and a BA in Finance, Investment and Banking from the University of Wisconsin – Madison and was part of the Applied Security Analysis Program during her graduate studies. Katharine is a CFA charter holder.