C1 - With Profits In terminal decline or ripe for resurgence
This session will be a panel discussion with senior practitioners.
The session will seek to answer key questions regarding the future of With-Profits, such as:
- What does the future of With-Profits business look like in the UK?
- Is With-Profits in terminal decline?
- And is run-off inevitable?
- Do (with-profits) actuaries have a responsibility to revitalise it?
- Is With-Profits ripe for resurgence?
- Can the industry sustain with-profits in the longer term through product innovation?
- What developments might we expect in the next decade?
- Would a period of higher future interest rates mean for the future of with-profits business?
- How does with-profits fit into a digital world where customers want up to date information all the time but rates are reviewed periodically and so there can be step changes?
- Will future supply meet demand for with-profits expertise?
This promises to be an engaging, topical and interesting discussion, led by some of the industry’s most experienced senior with-profits practitioners.
Speakers: Stewart Gracie, Wesleyan, Andrew Hague, NFU Mutual, Brian Murray, Royal London and Alasdair Smith, Scottish Widows Chair: Dan Diggins, Hymans Robertson