ILC-UK and Actuarial Profession Joint Debate: Pensions Reform after the Election: Can Consensus be Maintained?

The Actuarial Profession, Staple Inn Hall, High Holborn, London, WC1V 7QJ 16:00 for 16.30, 15 June 2010 

A series of reforms to the UK pensions system are being implemented as we speak. For instance, the female state pension age is rising, the number of NICs qualifying years needed for a full basic state pension has been reduced, and the State Second Pension is becoming more flat-rate. In 2011 the National Employment Savings Trust will spring into life, and tax relief for the highest earners will be restricted. Beyond that, the earnings link will be restored, and state pension age will rise for men and women to 68. Will any of this change following the general election – and where does pensions reform go from here?

Some of the questions the debate will address are:

• How can we help individuals to make the right choices on retirement?
• What is the right balance between universal and means-tested support in pensioner benefits?
• Is the restoration of the earnings link safe?
• Should the state pension age rise further and faster?
• How can the consensus around NEST be maintained?
• Will greater flexibility in pensions schemes incentivise saving?
• Should tax relief on pension contributions be reformed?
• How can the annuities market be shaped to enable more choice for individuals?
• What is the future of pensions protection?

The schedule for this event is as follows:

16.00-16.30 Registration and refreshments 16:30-16.40 Welcome by Actuarial Profession and Aviva

16.40-16.45 Introduction by Baroness Sally Greengross, ILC-UK

16.45-17.05 Adair Turner, Chairman, Financial Services Authority (T.B.C)

17.05-18.25 Expert panel response and discussion with audience 18.25-18.30 Close and drinks

If you would like to attend this event please email events@ilcuk.org.uk

International Longevity Centre-UK

11 Tufton St, London, SW1P 3QB www.ilcuk.org.uk

+44 20 7340 0440 www.twitter.com/ilcuk