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Intergenerational Fairness

The Institute and Faculty of Actuaries (IFoA) believes that intergenerational fairness must be a priority for policymakers. There are a whole host of issues where long-term view is essential if we are going to meet today’s needs, without putting younger, or future generations at a disadvantage

Be it the ongoing review of State Pension age, the Work and Pension Select Committee’s recent examination of the pensions ‘Triple Lock’, or think tank The Resolution Foundation’s creation of the Intergenerational Commission, it is clear that much of the policymaking community, particularly in the UK, is beginning to open its eyes to these issues. And many of these issues are central to the work of actuaries.

Over the course of 2017 the IFoA will release a series of bulletins, bringing together academics, think tanks and thought leaders from across financial services and public policy to discuss three core intergenerational issues.

As well as highlighting the role of actuaries in understanding the long-term implications of this policy challenge, we want to present a broad perspective on the issue, and have invited contributions to this bulletin from a range of important voices in the debate.

Bulletins

Cover of the Intergenerational Fairness Bulletin 3Issue 3 - Health and Care, October 2017

In this third and final issue,our contributors discuss a range of health issues, including the sustainability of the health system, social care funding, antimicrobial resistance and the impact of the ageing population on health and work. 

Download the Intergenerational Fairness Bulletin, Issue 3 - Health and Care

Cover of the Intergenerational Fairness Bulletin 2 Issue 2 - Retirement, May 2017

In this issue, our contributors discuss how the evolution of retirement saving across private and public pensions has contributed towards a potential intergenerational imbalance, and what can be done to make the system more fair and sustainable in the long term.  

Download the Intergenerational Fairness Bulletin, Issue 2 - Retirement

Cover of the Intergenerational Fairness Bulletin 1Issue 1 - Climate Change, February 2017

In this issue, we consider the role of discount rates, financial disclosure and the importance of understanding not just the likely possible outcome, but the worst case scenario when assessing the potential impact of climate change. In particular, this issue addresses the role of long-term institutional investors such as pension funds and life insurance companies.

Download the Intergenerational Fairness Bulletin, Issue 1 - Climate Change

Related documents

Contact Details

For further information on any of our public affairs or policy work please contact us on:

policy@actuaries.org.uk

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Events calendar

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.