Pension news and articles written by actuaries for actuaries - read the latest research pieces, today's news and latest articles in the Pension's market.

The rise of the video call

By Fiona Tait, Technical Director, Intelligent Pensions

I am not alone in this discovery and several commentators have speculated about whether financial services will – or in fact should – ever return to the pre- COVID world where a physical presence is always seen as the best way in which to deliver advice.

2020 BC (before COVID)
From an employer’s point of view, it is fair to say that the old-fashioned idea that if someone is not at their desk from 9 to 5 they are probably not working hard enough is still strong enough for working from home to be considered a perk, and only suitable in certain agreed circumstances. Field-based advisers fell into this category, everyone else was expected to not only do their work but to be seen doing it.

The push back against delivering on-line advice came largely from the clients themselves who were used to face to face meetings and the strong personal relationships this can deliver. As advisers we knew that on-line meetings would create cost savings, however we did not want to force our clients to move out of their comfort zone and we had a number of other concerns on top of this:

• It was felt that the income analysis and cashflow modelling we use was too detailed to carry out on-line
• Certain aspects of pensions planning were also thought to be too complicated to explain
• It is less easy t...Read More

Will the 20s be a decade of pension tech

By Dale Critchley, Policy Manager, Aviva

But it very much feels like we were scratching the surface.

Think about how you use your smart phone or tablet. You can pay bills, video call your aunty in Peru, tell a cab driver where you are without making a call….the list goes on.

As a society, we’ve quickly become accustomed to being able to manage much of our ‘life admin’ with the little rectangular block in our pocket.

Pensions can’t get left behind. Ease of access and functionality is going to be key in boosting engagement with retirement savings.

And greater engagement is going to be vital if we are going to make people aware that a healthy savings pot is going to be essential in later life...Read More

Governance in Action

By Lydia Fearn, head of DC & financial well-being at Redington
 
How do we in the pensions industry help our members to not only save more for a better future for themselves, but gain trust in a system that they feel has failed them on epic levels?
 
Many of us are still raw from the global finance crisis which cast governance under the scrutiny of a despairing public. In 2009, Regulators began forensic analysis of existing procedures across industries. The then NAPF (now PLSA), following a period of analysis, described ‘a governance vacuum’ around defined contrib...Read More

ARC Longevity and Morbidity Risk Research

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Lifestyle Actuary

Amy Sutherland and Raluca Stanescu interview Louise Pryor, who is a sustainability actuary and incoming President Elect of the Institute and Faculty of Actuaries (IFoA). We’ve asked Louise a few questions about her work, and were also keen to find ou...Read More

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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