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Defined Contributions (DC) Pensions Adequacy Working Party – Chair, Deputy Chair and members

Application closing date: 25 May

A big issue facing society is the level of retirement savings and other sources of income available to pensioners who are not members of defined benefit pension schemes. This could include the self-employed, saving through personal pensions, or members of occupational DC schemes, including trust-based DC pension schemes.

The focus of this working party is on the products and investments offered by life insurance companies, trust-based DC pension schemes, and the tools that might be developed by actuaries within these companies and schemes to project and socialise issues around pensions adequacy at retirement.

This is a cross-practice research topic, led by the life practice area but with active participation of pensions as well as finance and investment practices. As such, we are recruiting for volunteers with experience in pensions, DC retirement saving or related fields, including trust-based DC pension schemes: 

  • Chair – ideally from a life insurance background
  • Deputy Chair and members – from all three practice areas, and preferably experience of, pensions and DC adequacy (including trust-based DC schemes).

We welcome applications from academics as well as practitioners.

View terms of reference (PDF, 600 KB)

Time commitment

The time commitment varies but will be around 4 hours per month. This includes regular meetings and research work outside of meetings.

Next steps

If you are interested in this role and would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.

If you have read all the above and would like to apply, please send us:

  • brief details of your relevant experience
  • your reasons for wishing to get involved
  • your ARN (if you are a member)
  • a brief copy of your CV and full contact details (if you are a non-member)
  • confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)

Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

What you need to know

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.