This event will be an opportunity to explore this important but little-understood aspect of public policy, and actuaries’ key role within it. Speakers will include Colin Wilson, Deputy Government Actuary and a Past President of the IFoA; Robert Chote, Chairman of the Office for Budget Responsibility; and Richard Hughes, Director of Fiscal Policy at HM Treasury.
In July 2018, HM Treasury (HMT) published its first ever report on Managing Fiscal Risks. This was the Government’s response to the Office for Budget Responsibility’s (OBR’s) Fiscal Risks Report published in July 2016. The HMT report argues that prevailing levels of debt in the UK and other advanced economies are above a ‘safe’ level. One action the Government has taken to address this is to introduce a new regime for controlling and monitoring government guarantees. The Government Actuary’s Department (GAD) has been charged with collecting more detailed information about the stock of outstanding guarantees and other contingent liabilities, improving management of the risks surrounding these liabilities, and looking for opportunities to increase the compensation for bearing that risk.
|17.00 - 17.30||Registration and refreshments|
|17.30 - 17.35||Chair’s introduction – John Taylor|
|17.35 - 18.35||Programme|
|18.35 - 18.55||Q&A|
|18.55 - 19.00||Closing remarks|
|19.00 - 19.30||Drinks reception and networking|
Staple Inn Hall
Nearest Public Transport