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Ageing population interest group

The ageing population interest group studies various aspects of demographic change and its implications for the UK population.

The group's work is mainly focused on the  financial and actuarial implications of demography in the public interest.

KEY OBJECTIVES:

  • Keeping abreast of issues affecting demography and the financial implications to the UK population, and keeping members up-to-date on upcoming research, events and news
  • Raising awareness of the opportunities available to actuaries in this area and the values actuaries can contribute
  • Keeping abreast of all related Government initiatives and participating in consultations to help influence Government policy
  • Carrying out research and contributing to debate on demography issues in the public interest.  The group will work with the Institute and Faculty and other external organisations and professions to achieve this

MEMBERSHIP:

The group is led by a managing committee of volunteers who meet periodically. 

OUTPUTS:

  • Alistair Jollans presented his paper “Pensions and the Ageing Population” to the Staple Inn Actuarial Society (SIAS) on Tuesday 13 December 2011.  Further details are available on the SIAS website.
  • The group organises joint Actuarial Profession and International Longevity Centre-UK seminars. The most recent events covered “The health and employment of older workers” (22 November 2011) and “Centenarians and the Oldest Old” (29 November 2011).  Details of past and future events, including copies of the presentations, are available on the ILC-UK website.
  • Publication of 100 Years of State Pension - Learning from the past This book provides a timely and informative history of pensions policy to mark the anniversary of the first payment of the state pension following the Old Age Pensions Act 1908. Three of the book's authors are members of the group's managing committee. The authors presented the book at sessional meetings of the Institute of Actuaries on Monday 26 January 2009 and the Faculty of Actuaries on Monday 16 March 2009. The presentations were followed by an open discussion on the state pension.
  • H M Government consultation: Shaping the future of care together. Response from the Actuarial Profession, November 2009
  • House of Commons work and pensions committee enquiry into Tackling Pensioner Poverty. Submission by the Actuarial Profession, March 2009
  • Post retirement risks
  • Pricing and risk capital in the equity release market. Oct 2007.
  • Equity Release Report 2005

 

If you would like to join this group, please email your interest to migs@actuaries.org.uk