Self-Reliance 2018 Conference

According to the latest analysis by the OECD, by 2050 there will be 53 retired people for 100 active workers, compared to a one in three ratio in 2015. This presents challenges to the state pension system, as maintaining the present level of pensions and quality of life of pensioners will become increasingly difficult in an ageing society with a dwindling workforce. As a result, retirement savings and self-reliance will play an increasingly important role, but what are the prospects of young Hungarians in this regard? What are the most urgent challenges in the self-reliance and savings market, and how do Hungarian top executives see all this?

In Hungary, the membership of voluntary pension funds has been unchanged for years, demand for retirement savings accounts is falling, and only pension insurances have grown in the past year. But what is the situation in neighbouring countries? What do they do differently? How do they save? Regional experts and representatives of the Hungarian central bank talk about the European self-reliance market and Hungary's place within it.

Service providers who want to reach attractive yields even among these market conditions will have to be open to alternative and often riskier investment opportunities, while the digital transition is in full swing. What do fund managers and private banks offer to those looking to protect their savings? How much are property investments cannibalising other segments of the savings market? What future awaits property funds?

The digital transformation of the savings market is in full swing, with many talking about it but few recognising its significance. What challenges does this present to service providers? How do insurance companies and other providers tackle the challenges of online recruiting and sales? What are the initial experiences in Hungary? How is it done in Western Europe?

Fintech companies and startups offering innovative savings and self-reliance solutions are popping up in large numbers to join the traditional players in the market. What upgrades, apps and revolutionary ideas can the most promising Hungarian startups offer to increase people's propensity to save and self-provision? A taste of the future in 10 minute talks.