The Early History of Pensions

The Early History of Pensions
 
  2:00 pm - 3:00 pm

Coronavirus: Events may be cancelled and venues closed at short notice, you are advised to check on their websites before making a trip.

This is an online video event, please check the organiser for details about how to watch.

Join author and actuary Chris Lewin for an exposition on the early history of pensions.

The idea of pensions for life goes back to 500 B.C. or earlier, and they have been awarded to individuals from time to time ever since. This talk will start by describing the methods used to tackle the care of elderly and disabled people in medieval times, sometimes by providing them with a regular income and sometimes in other ways. Organised pension schemes providing lifetime incomes for groups of retirees started to emerge from 1590 on wards, and later there were also schemes providing pensions for widows. Finally, in the course of the 19th century the railway companies became the pioneers of funded occupational pension schemes as we know them today.

Chris Lewin is an actuary and a former chief executive of some of the largest pension schemes in the UK, including those sponsored by British Rail, Unilever, Guinness and EDF Energy. After retiring from full-time work, he was chairman of the trustees at GEC Marconi and a member of the investment committee of The Pensions Trust.

Chris' book, 'Pensions and Insurance before 1800 - a social history', shows how retirement pensions developed since their origins in ancient and medieval times. His historical paper, "The Emergence of Compound Interest", was published on-line in the British Actuarial Journal in December 2019. He is a Vice President of The Pensions Archive Trust.

On a voluntary basis Chris is still a member of the joint risk-management initiative between the actuarial and civil engineering professions, which has resulted in the publication of guides on the management of project risks and strategic risks, as well as on front-end thinking in infrastructure projects. He also leads the Infrastructure Working Party of the Institute and Faculty of Actuaries. From 2012-15 he was a Public Member of Network Rail. He is also a governor of the Pensions Policy Institute and of the National Institute of Economic and Social Research, and a member of the Upper Tweed Community Council.

Cost: Free of Charge


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2020-09-08 14:00 2020-09-08 14:00 Europe/London The Early History of Pensions Join author and actuary Chris Lewin for an exposition on the early history of pensions. https://www.ianvisits.co.uk/calendar/2020/09/08/the-early-history-of-pensions-232025 ,,,

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This is an online video event, please check the organiser for details about how to watch.

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