You are here

Thursday 11 February 2016 08:45 - 17:00

Following the Budget announcement, the retirement space is transforming.

Aimed at actuaries working in the pricing and marketing of retirement solutions, this joint Life/Pensions one day seminar will cover longevity, marketing, consumer needs and product design.

This one day seminar will bring you a series of presentations with time for questions and discussion during each session.  It will look at both the consumer and provider angle and so will be of interest to life and pensions actuaries and their colleagues working with retirement propositions. Come along with the opportunity to network over breaks with speakers and delegates.

Topics include:

  • The fears, myths and reality of consumer behaviour post Budget     
  • My consumer view of living in retirement
  • Where will longevity really go?
  • Underwriting in the new retirement world
  • Best industry practice – the legalities
  • Alternatives to annuities
  • The potential for an annuity transfer market
  • Transferring Longevity Risk

Event organiser

Contact Waleed Soliman for more information.

Waleed.Soliman@actuaries.org.uk

020 7632 1476

CPD

CPD
6.00 hours
08.45 - 09.20 Registration and refreshments
09.20 - 09.30

Chair's welcome

Dawn Whittaker, D Whittaker Financial Ltd

09.30 - 10.15

The Budget – fears and reality of customer behaviour

  • What was new in the budget and how actual behaviour compares to expected
  • What was the worst case scenario for insurers?
  • How has consumer attitudes and behaviour changed in retirement?

Colette Dunn, Milliman and Teresa Roux , BDifferent

10.15 - 11.00

How Customers view Retirement – its length and needs

  • How many years do people believe they will live in retirement?
  • What (mis)conceptions do people of the amount of money they need to retire?

Peter Carter, Retirement Advantage

11.00 - 11.15 Morning refreshments
11.15 - 12.00

Longevity catalysts

  • What future point-in-time events do longevity risk stakeholders worry about?
  • How can this be used to manage risk?

Khurram Khan, Pension Insurance Corporation

12.00 - 12.45

Underwriting in the modern era of annuities

Andrew Gething will speak on underwriting bulk annuities and Graham Hull will cover underwriting of individual business

  • The use of medical underwriting for bulk annuities and pension valuations
  • Developments past and future in individual annuity underwriting

Andrew Gething and Stephen Haynes, Morgan Ash and Graham Hull, Retirement Advantage

12.45 - 13.45 Lunch
13.45 - 14.30

Best practice in the retirement sector: avoiding pitfalls

  • Impact and trajectory of regulatory developments and how to take account of these
  • The route to successful products and happy consumers

Adam Levitt, Ashurst LLP

14.30 - 15.15

How might a longevity expert add value under Freedom and Choice?

  • Can annuities be re-parametrised for the new age?
  • How might insurers help protect individuals against outliving their means?

Andrew Kenyon, RBS

15.15 - 15.30

Afternoon refreshments

15.30 - 16.15

Tradable Annuities – a new market?

  • What the new market may look like
  • Come the reality in April 2017 who may actually trade?
  • How might trades be administrated?

Roger Lawrence, WL Consulting

16.15 - 17.00

Longevity Risk Transfer

  • Balance sheet solutions to reduce risk
  • Market size and its potential
  • Current solutions and impact

Douglas Anderson, Hymans

17.00 Close

 

Location

Address

Staple Inn Hall, High Holborn, London, WC1V 7QJ

Nearest Public Transport

Staple Inn Hall is situated on High Holborn, immediately outside the south side exit of Chancery Lane underground station. The archway in the middle of the Tudor style building (next to the Vodafone shop) is the entrance to Staple Inn courtyard. The entrance to Staple Inn Hall is via the middle door on the right hand side of the courtyard.