Institute and Faculty of Actuaries and ILC-UK Joint Debate: the Cost of our Ageing Society supported by Milliman
Join us in Edinburgh to discuss the findings of the ILC-UK cost of our ageing society; report sponsored by Milliman. The report highlights the projected financial impact of the cost of the world’s ageing population. It argues that governments must do more to reduce the long term cost of ageing to the public purse.
Benefits of Attending
Until recently, the financial impact of demographic change had received only limited macro-economic analysis and a recent report by the IMF argued that “few governments or pension providers adequately recognise longevity risk”. But over the past three years, we have seen growth in national and international data on the financial cost of future demographic change including The 2009 European Commission sustainability index, the Chancellor of the Exchequer’s 2010 Emergency Budget and The Office for Budget Responsibility (OBR) Fiscal Sustainability Report.
The event will consider the findings of “The cost of our ageing society”. It will also allow debate on:
- Are we adequately considering the long term economic costs of longevity?
- Or are we overestimating the impact?
- Are some countries responding better than others to the economic cost of ageing?
- How can governments across the world best respond to the fiscal challenges of demographic change?
- How can policymakers best react to the cost of ageing?
16:00 Registration with Tea/Coffee
16:30 Presentations by Philip Simpson (Milliman), David Sinclair (ILC-UK), Emma McWilliam (Milliman) and Kenneth Gibson MSP, Convenor, Scottish Parliament Finance Committee
18:30 Drinks reception