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Address By The President of the Institute of Actuaries: Restoring Confidence in Long-Term Savings

Published online by Cambridge University Press:  10 June 2011

Michael Alan Pomery
Michael Alan Pomery
Affiliation:
Hewitt Bacon & Woodrow, 6 More London Place, London SE1 2DA, U.K., Tel: +44(0)20-7939-4318, Fax: +44(0)20-7939-4443, Email: askmichael@actuaries.org.uk
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Abstract

This Presidential Address highlights the national problem of inadequate savings for retirement by the current working population. It examines what can be done to restore confidence in long-term savings and, in particular, looks at the contribution that individual actuaries and the Actuarial Profession can make. The Address also examines the origins in the current shortfalls in final salary pension schemes and the lessons to be learned from recent events, before going on to comment on the lessons from the report on Equitable Life by Lord Penrose.

Keywords

Long-Term SavingsState PensionsOccupational PensionsPension FundingSolvencyLife Insurance Regulation

Information

Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 11 , Issue 1 , 01 April 2005 , pp. 1 - 39
Copyright
Copyright © Institute and Faculty of Actuaries 2005

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