The Great Risk Transfer: How Can Individuals Manage New Risks in the 21st Century?

Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

Watch Demos and the Institute and Faculty of Actuaries (IFoA) for an online panel discussion to mark the launch of new IFoA research and their Great Risk Transfer campaign. The panel discussed how risk management has changed in recent decades, and how policy makers can make sure individuals are able to manage new risks, including saving enough for a good retirement and securing care later in life.

Panelists include:

  • Stephen Timms MP – Chair, Work and Pensions Select Committee
  • Polly Mackenzie – Chief Executive, Demos (Chair)
  • John Taylor – Immediate Past President, IFoA
  • Vicky Pryce – Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR)