hi, can anybody tell me the attractiveness of working in pensions areas? Is there any reason for why actuarial career in pensions is better than other actuarial ares?
Thats a very subjective question. Pensions are changing...employers are finding final salary expensive so if you like trying to find ways to reduce cost but still have a valued benefit that is one of the challenges in that arena. Looking ahead, there is the new personal accounts that the Gvnt are toying with so this could offer product devt opportunities. Returning to scheme closure, there is increasing work being put in on bulk purchase annuities. Pensions consultants generally get more chance for direct client contact so if that floats your boat, it may be more appealing compared to say GI or Life. So my answer is its horses for courses!
