Retirement Readiness in Three Countries: Who Is Ready to Retire?

Thursday, Oct. 12
10–11:15 a.m. EDT / 15:00 – 16:15 BST
Joint webinar with the Institute and Faculty of Actuaries on retirement readiness

WEBINAR RESOURCES

Some interesting things can happen when actuaries from different countries talk. Actuaries from Australia, the United States, and United Kingdom all had concerns about the retirement readiness of their respective populations. They wondered how varying public policies related to retirement affect the preparation for retirement. Certainly with three countries, three cultures, and three approaches to retirement security there would be some telling differences? They couldn’t walk away without agreeing to collaborate on a survey to find the real truth.

The results of our survey involving these three countries did indeed uncover some interesting findings about how these populations are (or are not) preparing for their retirement years. This webinar looked at the results of a recent survey—conducted jointly by the American Academy of Actuaries, the Actuaries Institute of Australia, and the Institute and Faculty of Actuaries (U.K.)—which explored how prepared residents of all three countries are for retirement.

Speakers discussed highlights from the survey, including some specific recommendations for policy initiatives aimed at improving overall retirement readiness. The survey focuses on three crucial categories of retirement readiness:

How the changing social, demographic, and economic landscape has transformed retirement expectations;
The strategies and level of success of accumulating wealth to prepare for retirement; and
The ability of individuals to consider and plan for the unexpected events that may occur during retirement.

PRESENTERS

Rebecca Deegan, M.A.
Policy Manager, Institute and Faculty of Actuaries
Ted Goldman, MAAA, FSA, EA
Senior Pension Fellow, American Academy of Actuaries
Ken Hohman, MAAA, FSA, EA, FCA
Academy Past President (2010)
Steve Jackson, Ph.D.
Assistant Director for Research, American Academy of Actuaries

REGISTRATION

Free to attend

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CONTINUING EDUCATION AND JBEA CPE CREDIT
The American Academy of Actuaries believes in good faith that your attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that you may earn up to 1.5 CE credits for attending this live webinar. We also believe in good faith that Enrolled Actuaries may earn CPE noncore non-ethics credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics, or non-ethics continuing education and the number of CPE credit hours allocated to same for Enrolled Actuaries.

ABOUT OUR PRESENTERS
Rebecca Deegan
Rebecca Deegan is the policy manager at the Institute and Faculty of Actuaries (IFoA). In this role, Deegan identifies key policy areas of long-term interest to the actuarial profession, supports IFoA members to develop core narrative on these areas, and delivers a range of high-quality policy outputs, based on expert knowledge, that are of measurable value to members, policy makers and in the public interest.

Ted Goldman, MAAA, FSA, EA
Ted Goldman is the senior pension fellow at the American Academy of Actuaries, joining in January 2016. In this position, he helps shape and communicate the Academy’s work on pension, Social Security, and other retirement security issues to the public, policymakers, and the news media. Previously, Goldman was the leader of the U.S. retirement team with Buck Consultants in Washington, D.C. During his career, he has held many positions, including serving as the chief operating officer for Mercer’s North American retirement practice and as global leader of Mercer’s actuarial valuation centers. Goldman is a member of the American Academy of Actuaries, an Enrolled Actuary, and a fellow of the Society of Actuaries.

Ken Hohman, MAAA, FSA, EA, FCA
Ken Hohman is a past president of the American Academy of Actuaries, and currently serves as the International Secretary for the Academy. A consulting actuary in the Louisville, KY office of Findley Davies|BPS&M, Hohman’s areas of expertise are in the design, funding, administration, and regulatory compliance of qualified and nonqualified retirement plans. His clients comprise a variety of employers, including Native American Tribes, governmental entities, not-for-profit and for-profit private employers. Hohman is also a member of the firm’s Practice Standards Committee, the Government Practice Group, and the Cash Balance Plan Practice Group. He has served in leadership roles in a variety of actuarial organizations, and is a past president (2008) of the Conference of Consulting Actuaries.