Who Pays for Ageing?
VIEW EVENT DETAILSEpisode 1 of The Ageing Effect
We must fund larger elderly populations. While European countries rely heavily on their pension systems, Chinese citizens rely mostly on investments and family support. Both systems face enormous challenges as the dependency ratio deteriorates.
How are European and Chinese pension systems different? What are the key challenges they face? And which reforms are being undertaken to address them? In episode 1 of The Ageing Effect, we are joined by Ros Altmann, member of the British House of Lords and leading authority on later life issues; and Hu Yuwei of the China Institute of Finance and Capital Markets, whose research focuses on social protection and ageing finance.
Baroness Ros Altmann is a leading authority on later life issues, including pensions, social care and retirement policy. Numerous major awards have recognised her work to demystify finance and make pensions work better for people. She was the UK Pensions Minister from 2015 – 16 and is a member of the House of Lords where she sits as Baroness Altmann of Tottenham. Ros started her career as an academic at University College London, London School of Economics and at Harvard University, researching and publishing on UK pension policy, occupational pensions and retirement. After this, Ros managed institutional investment portfolios for 15 years, including pension funds, insurance funds and mutual funds, as well as advising central banks and private client fund managers.
Hu Yuwei – PhD in Economics, is currently Department Head of International Finance at China Institute of Finance and Capital Market, CSRC. Prior to that, Dr. Hu was Deputy Director of Macro Research Department at Chongyang Institute for Financial Studies (RDCY), China Representative of the BBVA bank, Economist at the OECD, respectively, as well as visiting fellow and consultant to European Commission, World Bank, IMF. Meanwhile, he is also associate fellow at Renmin University of China, China Academy of Social Sciences, Shanghai University of International Business and Economics, and China Ageing Finance Forum 50.
“The Ageing Effect” is a four-part series by Asia Society Switzerland and Swiss Re Institute exploring the effects of demographic change on Asia and the World.