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Investing for sustainable growth

The prevalence of short-termism in financial markets can have significant systemic repercussions for public policy. By identifying investment strategies that take into account long-term factors, both economic and public policies will be more beneficial and sustainable for longer.

Short-termism often prevails over long-term strategies in financial markets. This can undermine long-term investments such as new business ventures, infrastructure and retirement income for consumers. Actuaries’ training instils an understanding of the importance of long-term investment horizons, whether that is in the context of pension fund investment or the future of infrastructure development.  

By drawing upon their expertise in long-term modelling, actuaries are well placed to help highlight how investors can and should consider the long term effects of their investment decisions. Spanning issues from encouraging infrastructure investment to more sustainably invested pension funds, this work provides numerous means for investors to secure sustainable social, economic, and governance systems.

Other challenges in this area include how to communicate complex investment information to consumers, how to measure non-financial investment returns, and engaging with stewardship and fiduciary issues.

Contact Details

For further information, please contact the Policy Team at

Policy@actuaries.org.uk

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Events calendar

  • Finance in the Public Interest Series

    16 March 2021 - 23 March 2021

    Spaces available

    There is widening debate that many of our social, financial and regulatory institutions need to be rethought so that we can create more sustainable futures, particularly in light of the Covid-19 pandemic, the policy/macro-economic response to the pandemic and how it affects consumers, as well as the impending climate crisis. This multi-day series of three keynote webinars, individually presented by leading economist John Kay, Sir Paul Collier, Professor of Economics and Public Policy at the Blavatnik School of Government, Ashok Gupta, Chair at Mercer Ltd, and Nico Aspinall, Chief Investment Officer at B&CE, will open up discussion on these essential topics. The series will culminate in a panel session with Chief Economist of the Bank of England, Andy Haldane.

  • The price is righter

    16 March 2021

    Spaces available

    This webinar provides an overview of the state of the UK protection market, and how different insurers are using different levels of sophistication to price (such as using customer demand models). It considers how insurers have implemented these sophisticated pricing techniques, and the practical challenges they have faced.

  • Spaces available

    This discussion will revolve around the latest industry developments including and introduction to Part VII transfers and Schemes of Arrangement (process, parties involved and recent events), insights and lessons from recent with-profits transactions and restructurings (including Equitable Life and Pru-Rothesay), how firms can apply these learnings to future arrangements, and the outlook for future with-profits transactions and restructurings (including the impacts of Covid-19 and Brexit)

     

  • Spaces available

    What is stewardship and how has the landscape changed under the 2020 UK Stewardship Code? How does effective stewardship create long term value for beneficiaries and what roles do asset owners and asset managers play in active stewardship. This webinar will offer answers to these questions in a practical approach to stewardship reporting.

  • Spaces available

    Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work.