22nd Groupe Consultatif Colloquium "Pensions and Security" ========================================================== Web Page: http://www.avoe.at/veranstaltungen_groupe_consultatif.html Date: Friday, October 23, 2009, 9:00-19:00 Program: http://www.avoe.at/pdf/veranstaltungen/aktuell/GC_2009_Colloquium_brochure_… Registration form: http://www.avoe.at/pdf/veranstaltungen/aktuell/GC_2009_Colloquium_registrat… Registration fee: 390 Euro Closing date for registrations: October 2, 2009 Cancellation up to: October 12, 2009 Contact details: European Actuarial Academy, Hohenstaufenring 47-51 50674 Cologne Germany Phone: +49 221-912554-21 E-mail: contact(a)actuarial-academy.com Organized by the Actuarial Association of Austria http://www.avoe.at/ Location: Vienna University of Technology Lecture Theatre HS 17, Friedrich Hartmann Hörsaal Karlsplatz 13 (Main Building) Stiege VII, 3. Floor 1040 Vienna, Austria http://www.wegweiser.ac.at/static/plaene/pdf/E_HS17_0038_00_1-1.pdf Description of Event: The theme of this year's Colloquium is pensions and security: risks in pension systems and how to secure them. 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. Program: ======== Thursday, October 22, 2009 19.00-21.30 Welcome reception and registration Friday, October 23, 2009 09.30 Registration and coffee 10.00 Introduction and Welcome Bruce Maxwell - Chairman, Groupe Consultatif Philip Shier - Colloquium Chairman, Chairman of Groupe Consultatif Pensions Committee, Past President of Society of Actuaries in Ireland Christoph Krischanitz - President Aktuarvereinigung Österreichs 10.30 Longevity and Morality Tables Chresten Dengsoe - ATP Group, Denmark 11.30 Break 12.00 Defined Contribution Plans - Risks and Possibilities to Secure or Risks of Employers and of Employees in Different Pension Systems Rokas Gylys - PriceWaterhouse, Lithuania Groupe Consultatif Working Group on Defined Contribution Schemes 13.00 Lunch 14.00 Accounting Rules - A System for Securing Pensions David Cairns - The World Bank, Europe and Central Asia Region 15.00 Reinsurance - A Way to Achieve Security Daria Kachakhidze - SCOR Global Life SE, R&D Centre for Mortality and Longevity 16.00 Break 16.30 Update on Solvency for IORPs Karel van Hulle (to be confirmed) - European Commission Internal Market DG, Insurance and Pensions Unit 17.30 Close of the Colloquium Philip Shier - Colloquium Chairman 17.45 Coach departs for short drive from Technical University 18.30 Colloquium Dinner: Restaurant Oktogon Am Himmel http://www.himmel.at/oktogon/ 22:00 Return to hotels Language: The language of the Colloquium will be English Continuous Professional Development: Participants may claim up to 5 hours CPD for this Colloquium Local Airlines: - Fly Niki <http://www.flyniki.com/> - Austrian Airlines: <http://www.aua.com/> Railway: <http://www.oebb.at/> Nearby Hotels: <http://alm.fam.tuwien.ac.at/hotels.php> See you in Vienna! With best regards, Uwe Schmock -- Prof. Dr. Uwe Schmock Institute for Mathematical Methods in Economics Research Unit: Financial and Actuarial Mathematics Vienna University of Technology Wiedner Hauptstrasse 8-10/105-1 A-1040 Vienna Austria Personal Home Page: <http://www.fam.tuwien.ac.at/~schmock/> Financial and Actuarial Mathematics (FAM) at TU Vienna <http://www.fam.tuwien.ac.at/> CD-Laboratory for Portfolio Risk Management (PRisMa Lab) <http://www.prismalab.at/>