The past decade has brought broad recognition of the importance of pension systems to the economic stability of nations and the security of their ageing populations.
As countries around the world grapple with the long-term affordability of their pensions systems, there are also growing demographic and economic pressures that are forcing both developing and developed countries to undertake urgent pension reforms. Most public pension schemes were not designed to deliver current benefit levels when confronted with today’s major demographic and economic changes. Therefore, keeping existing systems afloat will require either cutting public spending on health and education, or cutting pensions drastically for the next generations of elderly.
The experience with reforms over the past ten years has also shown that no one size fits all. The Colloquium will review a number of the key issues which influence the risks and security of pension systems, from various perspectives. There will be speakers from the World Bank,
the pensions industry, the actuarial profession and the European Commission, and we expect a number of lively presentations and discussions.