IFoA Pensions Board has launched a new working party dedicated to exploring the challenges and opportunities presented by aging populations. This initiative aims to leverage the collective expertise of the international actuarial community to address one of the most pressing global demographic trends: longer life expectancies combined with declining fertility rates. As these trends continue, they are placing unprecedented pressure on state support systems, retirement schemes, healthcare infrastructure, and insurance markets worldwide.

The working party will serve as a platform for actuaries across the globe to share insights, research, and best practices related to aging populations. Through collaborative exploration, the group seeks to identify actionable strategies and solutions for mitigating risks and enhancing opportunities arising from demographic changes.

This is an area of interest for many countries, each at their own stage on the demographic journey,  with different welfare systems and structures in place. The working party has an aim to investigate and compare the impact of aging populations globally, with a representative sample of countries picked from the different regions. The countries chosen could include, but is not limited to, India, Singapore, Japan, South Africa, Nigeria, the Nordics and mainland Europe. Later work could then expand on this further.

Chair: Alexandra Miles

Established: 2025