Economist Richard Thaler, the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at the University Of Chicago Booth School Of Business, will be the keynote speaker at the 2014 Retirement Industry Conference in Chicago on April 9-11, LIMRA announced Wednesday.

"LIMRA Secure Retirement Institute research reveals that people believe that they should be saving 22 percent of their income, but fewer than ten percent actually do," said Alison Salka, corporate vice president and LIMRA SRI Research director.

 "Dr. Thaler's work – particularly his work on automatic deferral rate escalation – identified a solution to help people act on their intention to save more. We are pleased to be able to offer our members the opportunity to hear about his latest research."

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The annual conference, hosted by LIMRA LOMA Secure Retirement Institute and the Society of Actuaries, draws more than 400 retirement industry professionals from around the world.

The event focuses on the latest market research, product development trends and innovative approaches to the top challenges facing retirees and the industry.

This year's conference also features an executive panel moderated by Robert A. Kerzner, president and chief executive officer, LIMRA, LOMA, and LL Global, Inc. 

 The panelists include Tom P. Burns, chief distribution officer, Allianz Life Insurance Company of North America; James D. McCool, executive vice president, client solutions, Charles Schwab & Co.; and Joseph F. Ready, executive vice president and director, Wells Fargo Institutional Retirement and Trust.

The conference, "Informing Decisions, Driving Solutions," will take place at the Chicago Marriott Downtown Magnificent Mile.

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