Date(s) - 27/03/2020
12:00 pm - 1:00 pm
In the 21st century, many financial risks that used to be shouldered by governments, financial services providers and employers are being transferred to individuals.
This change is giving people the freedom to manage their own finances as they see fit. But making these choices and managing these risks can often be extremely complex. Evidence of this shift exists in a number of areas of public policy and actuarial work and amounts to a profound change in the way that individuals organise their life and finances. Meanwhile, levels of numeracy, financial literacy and understanding of risk are low, meaning large parts of the population are not well equipped to deal with the risks they now face.
In this webinar, Catherine Burtle will talk through the IFoA’s 2020 thought leadership campaign, exploring how the transfer of risk from institutions to individuals is manifesting and who is being affected. We’ll also discuss the regulatory or policy interventions that could supporting consumers to maximise the opportunities afforded by choice, or help to tackle the potential adverse impacts of this trend.