Retirement Readiness Webinar

The webinar will take place at 15.00 BST for those viewers in the UK and 10.00 EST for those in the US. 

In countries where employer-sponsored retirement plans are an essential part of the national retirement system, and where they have shifted from a defined benefit (DB) to a defined contribution (DC) arrangements, there has been a significant transfer of retirement risk from the employer to the employee. Longevity risk is most likely one of the risks that has been assumed, perhaps unknowingly, by employees. Three actuarial associations (the Australian Actuaries Institute, the Institute and Faculty of Actuaries in the United Kingdom, and the American Academy of Actuaries) determined that longevity risk was a major issue in each of their countries and prepared a White Paper, The Challenge of Longevity Risk, to alert the public and policymakers to our concerns.

This report summaries the results of a survey that we commissioned to investigate adequacy, the first of the five principles we identified in our report that are necessary to address longevity risk. 

The IFoA’s Policy team will be joined by Ted Goldman and Ken Hohman from the US.

• Ken Hohman is a consulting actuary in the Louisville, KY office of Findley Davies|BPS&M. He is a past president of the American Academy of Actuaries and the Conference of Consulting Actuaries, and currently serves as the International Secretary for the Academy.
• Ted Goldman is the senior pension fellow for the American Academy of Actuaries in Washington, DC. As senior pension fellow, he helps shape and communicate the Academy’s work on pension, Social Security, and other retirement security issues to the public and policymakers.