ILC-UK and the Actuarial Profession debate: Changing the perception of retire...ILC- UK
For the third year in a row. ILC-UK launched into the new year with events in both Scotland and England. These events, in partnership with the Actuarial Profession, and supported by Swiss Re, explored how the perception of retirement is changing and could change in the future.
The original concept of retirement is being eroded. Increasing concern over the costs of retirement has led to a shift of responsibility from Government and the corporate sector to the individual. The State Pension Age has been increased and public and private pensions are being scaled back.
Individuals are likely to have to work longer, contribute more and receive less than earlier generations. However, we need also to reflect that the older population is a very heterogeneous group, and the current balance of public and private funding will vary dramatically across the population.
At the same time we have seen dramatic improvements in life expectancy, and there is a huge opportunity (a longevity dividend) if further increases in life expectancy are spent in good health. This is certainly the case if we don’t just prolong survival for those with disease but delay the onset of disease and its progression. This requires flexibility in encouraging those that can work to work beyond current state pension ages and in focusing healthcare to those that will benefit. It also means changing people's behaviours towards work and retirement by highlighting the implications and restrictions of a long life beyond retirement, dependant on state funding.
At these events we highlighted particular initiatives that might help this period of transition - for example:
• developing agreed metrics of health status;
• cross-generational sharing of concerns so that each generation understands the challenges faced by others;
• moving towards patient-centred healthcare where geriatricians and GPs consider the holistic health of the individual;
• recognising the benefits and costs of preventative medicine and avoiding the trap of always assuming preventative medicine is preferable because it will cost less (it may not);
• provision of a suitable level of post-retirement income for all members of society and understanding what balance of public and private pension provision can help in this aim.
Following these events, the ILC-UK will launch a think piece which will explore the debate outlined above.
Agenda from the event
16:30 – 16:35
Welcome and introduction from chair Baroness Sally Greengross, Chief Executive, International Longevity Centre – UK
16:35 – 16:50
Sarah Vickerstaff, Professor of Work and Employment at the School of Social Policy, Sociology and Social Research, University of Kent
16:50 – 17:05
David Sinclair, ILC-UK
17:05 – 17:20
Stephen Balchin, DWP
17:20 – 17:35
Daniel Ryan, Swiss Re
17:35 – 18:30
Discussion and Q&A
ILC-UK and the Actuarial Profession debate: Changing the perception of retire...ILC- UK
For the third year in a row. ILC-UK launched into the new year with events in both Scotland and England. These events, in partnership with the Actuarial Profession, and supported by Swiss Re, explored how the perception of retirement is changing and could change in the future.
The original concept of retirement is being eroded. Increasing concern over the costs of retirement has led to a shift of responsibility from Government and the corporate sector to the individual. The State Pension Age has been increased and public and private pensions are being scaled back.
Individuals are likely to have to work longer, contribute more and receive less than earlier generations. However, we need also to reflect that the older population is a very heterogeneous group, and the current balance of public and private funding will vary dramatically across the population.
At the same time we have seen dramatic improvements in life expectancy, and there is a huge opportunity (a longevity dividend) if further increases in life expectancy are spent in good health. This is certainly the case if we don’t just prolong survival for those with disease but delay the onset of disease and its progression. This requires flexibility in encouraging those that can work to work beyond current state pension ages and in focusing healthcare to those that will benefit. It also means changing people's behaviours towards work and retirement by highlighting the implications and restrictions of a long life beyond retirement, dependant on state funding.
At these events we highlighted particular initiatives that might help this period of transition - for example:
• developing agreed metrics of health status;
• cross-generational sharing of concerns so that each generation understands the challenges faced by others;
• moving towards patient-centred healthcare where geriatricians and GPs consider the holistic health of the individual;
• recognising the benefits and costs of preventative medicine and avoiding the trap of always assuming preventative medicine is preferable because it will cost less (it may not);
• provision of a suitable level of post-retirement income for all members of society and understanding what balance of public and private pension provision can help in this aim.
Following these events, the ILC-UK will launch a think piece which will explore the debate outlined above.
Agenda from the event
16:30 – 16:35
Welcome and introduction from chair Baroness Sally Greengross, Chief Executive, International Longevity Centre – UK
16:35 – 16:50
Sarah Vickerstaff, Professor of Work and Employment at the School of Social Policy, Sociology and Social Research, University of Kent
16:50 – 17:05
David Sinclair, ILC-UK
17:05 – 17:20
Stephen Balchin, DWP
17:20 – 17:35
Daniel Ryan, Swiss Re
17:35 – 18:30
Discussion and Q&A
V následujících slidech Vám chci ukázat digitální trendy roku 2014 a jakou mají šanci na úspěch. Zeptali jsme se totiž Čechů, jestli jsou pro ně zajímavé, jestli by uvažovali o jejich koupi a kdy se podle nich prosadí.Výzkum proběhl na reprezentativním vzorku N=300 během Mobile World Congressu v Barceloně.
The New CFPB, New Simplified Disclosures & How Your Credit Union Will Be Affe...NAFCU Services Corporation
On July 21, 2011, the Dodd-Frank Act’s Consumer Financial Protection Bureau assumed its oversight and enforcement powers over the nation’s financial institutions. Changes include new and revised compliance disclosures, which will have a significant impact on credit unions. In this 2011 NAFCU Annual Conference session discover how your credit union can overcome these and other challenges, including those related to the new Privacy and Risk-based pricing notice requirements that took effect on January 1, 2011. Plus, be prepared for the new trend of simplified disclosure requirements that is likely to follow.
Presented by Ted Dreyer, Senior Attorney, Wolters Kluwer Financial Services
More info at http://www.nafcu.org/wkfs
Since 2007, NAFCU, NAFCU Services Corporation and Burns-Fazzi, Brock have co-sponsored a survey of federal credit union CEOs and senior executives to assess compensation and benefits. In this 2011 NAFCU Annual Conference presentation you get a sneak peak at this year’s initial findings, and see how you stack up against other federal credit unions in your region.
Presented by Jack Clark, PhD, Principal, Clark and Chase Research
For a video of this session and more information visit http://www.nafcu.org/bfb
Differentiation Strategies through Self-service Retail Delivery Options (Cred...NAFCU Services Corporation
Tomorrow is a consumer-to-business world, where we put the consumer in the center and respond to their preferences and presence. Credit unions that are proactive in defining how their members receive superior service through a converged channel experience will generate greater loyalty. In this 2011 NAFCU Annual Conference session you find out how tomorrow’s member will expect to communicate with your credit union and what the future of the retail delivery industry holds.
Presented by Timothy Fikse, Marketing & Deployment Manager, NCR Corporation
More info at http://www.nafcu.org/ncr
Every business should be using video to market their goods and services, and it's easier than many business owners think. The key is understanding the right things to do to raise the viewing odds.
V následujících slidech Vám chci ukázat digitální trendy roku 2014 a jakou mají šanci na úspěch. Zeptali jsme se totiž Čechů, jestli jsou pro ně zajímavé, jestli by uvažovali o jejich koupi a kdy se podle nich prosadí.Výzkum proběhl na reprezentativním vzorku N=300 během Mobile World Congressu v Barceloně.
The New CFPB, New Simplified Disclosures & How Your Credit Union Will Be Affe...NAFCU Services Corporation
On July 21, 2011, the Dodd-Frank Act’s Consumer Financial Protection Bureau assumed its oversight and enforcement powers over the nation’s financial institutions. Changes include new and revised compliance disclosures, which will have a significant impact on credit unions. In this 2011 NAFCU Annual Conference session discover how your credit union can overcome these and other challenges, including those related to the new Privacy and Risk-based pricing notice requirements that took effect on January 1, 2011. Plus, be prepared for the new trend of simplified disclosure requirements that is likely to follow.
Presented by Ted Dreyer, Senior Attorney, Wolters Kluwer Financial Services
More info at http://www.nafcu.org/wkfs
Since 2007, NAFCU, NAFCU Services Corporation and Burns-Fazzi, Brock have co-sponsored a survey of federal credit union CEOs and senior executives to assess compensation and benefits. In this 2011 NAFCU Annual Conference presentation you get a sneak peak at this year’s initial findings, and see how you stack up against other federal credit unions in your region.
Presented by Jack Clark, PhD, Principal, Clark and Chase Research
For a video of this session and more information visit http://www.nafcu.org/bfb
Differentiation Strategies through Self-service Retail Delivery Options (Cred...NAFCU Services Corporation
Tomorrow is a consumer-to-business world, where we put the consumer in the center and respond to their preferences and presence. Credit unions that are proactive in defining how their members receive superior service through a converged channel experience will generate greater loyalty. In this 2011 NAFCU Annual Conference session you find out how tomorrow’s member will expect to communicate with your credit union and what the future of the retail delivery industry holds.
Presented by Timothy Fikse, Marketing & Deployment Manager, NCR Corporation
More info at http://www.nafcu.org/ncr
Every business should be using video to market their goods and services, and it's easier than many business owners think. The key is understanding the right things to do to raise the viewing odds.