Finance in the Public Interest 2022
The pensions system in the UK and many other countries was set up at a time when expectations over life expectancy, investment returns, inflation and general views on government and companies were all vastly different from where we are today. Adjustments over time go some way to address these changes but generally have other unintended consequences and our current system is unlikely where we would have ended up if we had designed something holistic from scratch.
One of the themes for the Frank Redington Prizes is “What would be a sustainable and effective UK pension system for the people?” and this webinar will explore some of the themes around this question. Topics covered will include:
- What could a pension system look like if there was an opportunity to start from scratch for the future?
- What can be done with what is already there, and how would any radical changes address the question of intergenerational fairness?
- What should the role of the state and the private sector be, and what is required to find the political consensus to make changes?
- What are the opportunities for wider society, providing sustainability to more than just pensions alone?
Chair:
Leah Evans
Leah Evans is an Associate Partner and Head of Pensions Risk Transfer in the EY Parthenon Pensions Team. Leah specialises in strategic pensions risk management advice to corporates and trustees, including global pension risk management for multinationals. Leah is Chair of the Pensions Board of the Institute and Faculty of Actuaries and a member of the CMI Executive Committee.
Speakers:
Simon Eagle
Simon Eagle is an actuary and Collective Defined Contributions (CDC) pensions specialist. Building on his work advising Royal Mail on CDC pension design since 2017, Simon is a frequent industry speaker on CDC. He is a Senior Director and Head of GB CMP at Willis Towers Watson where he has worked for over twenty years, and chairs the Institute and Faculty of Actuaries’ CDC and risk sharing working party.
Steve Webb
Steve Webb was Minister of State for Pensions between 2010 and 2015, the longest-serving holder of the post. During that time he implemented major reforms to the state pension system, oversaw the successful introduction of automatic enrolment and played a key role in the new pension freedoms implemented in April 2015.
Steve was a Liberal Democrat MP from 1997 to 2015. Before this he was professor of social policy at Bath University for two years, having previously worked for nine years as an economist at the Institute for Fiscal Studies. Steve graduated with a first class honours degree in PPE from Oxford University in 1986. He was awarded a knighthood in the New Year’s honours in 2017.
Following his time in Parliament he worked for Royal London for four years before joining LCP as a partner in 2020.
Jason Whyte
Jason Whyte is an Associate Partner in EY’s UK Insurance sector team with over 25 years’ experience in Life & Pensions, Retail Investment and Banking in the UK, India and China. He specialises in helping providers adapt their operating models in response to market and regulatory changes.
Jason leads EY’s Life & Pensions thought leadership development in the UK. He is currently working on a global study looking at how pension systems could be reinvented to be fairer, more sustainable and produce better outcomes by 2030.
Event organiser
Contact Niki Park for more information.
020 7632 2152