Objectives:
The group's work mainly focused on the financial and actuarial implications of demography in the public interest.
- Keeping abreast of issues affecting demography and the financial implications to the UK population, and keeping members up-to-date on upcoming research, events and news
- Raising awareness of the opportunities available to actuaries in this area and the values actuaries can contribute
- Keeping abreast of all related Government initiatives and participating in consultations to help influence Government policy
- Carrying out research and contributing to debate on demography issues in the public interest. The group will work with the Institute and Faculty and other external organisations and professions to achieve this
Membership:
The group was led by chair Andrew Bryan.
- Deborah Cooper
- Adrian Gallop
- Aldo Mendieta
- Joynur Rahman
- Colin Redman
- Tony Salter
- Aidan Smith
Outputs:
For 16 years, the group was successful in promoting ageing population issues always from a public interest standpoint, holding three conferences (each being able to attract well known speakers, including Frank Field and Andrew Dilnot), sponsoring a series of papers, linking up with outside organisations, in particular the International Longevity Centre, and publishing the book ‘100 years of State Pension.’
- 100 Years of State Pension - Learning from the past. This book provides a timely and informative history of pensions policy to mark the anniversary of the first payment of the state pension following the Old Age Pensions Act 1908. Presented at sessional meetings in January 2009 and March 2009
- Presentation of “Pensions and the Ageing Population” to the Staple Inn Actuarial Society (SIAS) on Tuesday 13 December 2011
- Joint IFoA and International Longevity Centre seminars. Topics covered: “The health and employment of older workers” (22 November 2011) and “Centenarians and the Oldest Old” (29 November 2011)
- H M Government consultation: Shaping the future of care together. Response from the Actuarial Profession, November 2009
- House of Commons work and pensions committee enquiry into Tackling Pensioner Poverty. Submission by the Actuarial Profession, March 2009
- Post retirement risks
- Pricing and risk capital in the equity release market. Oct 2007
- Equity Release Report 2005
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Contact Details
If you want more information about Member Interest Groups, or would like to start one, please contact the Communities Engagement Team:
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Events calendar
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CILA 2022
23 May 2022 - 24 May 2022We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
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Opportunity to participate in a virtual Roundtable Discussion hosted by the IFoA in conjunction with the City of London Corporation’s Socio-economic Diversity Taskforce
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Annual General Meeting 2022
15 June 2022In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
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IFoA Presidential Address 2022
16 June 2022Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
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The IFoA Conference 2022
133 Houndsditch, London EC3A 7BX and Online22 June 2022 - 23 June 2022
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.
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This webinar will cover:
• Some background on the risks of misselling in an ESG context, including the DWS case
• Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities
• This tension can be resolved with a concept called Universal Ownership
• Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities
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This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on the expected future changes. Through examining the transformation, we will highlight how the sector is and can use actuarial expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.
