Video: Great Minds Series - LSBF interviews Ian Pittaway, Senior Partner at Sacker & Partners LLP
In an interview with London School of Business and Finance (LSBF), Ian Pittaway, Senior Partner of Sacker & Partners LLP, said he believes that the pensions sector will face new challenges because of a continually rising life expectancy.
Speaking with Nadim Choudhury, LSBF’s Head of Career Services & Employability at as part of the LSBF Great Minds series, Mr Pittaway discussed the issues that will affect the pensions sector in the near future.
“Everybody is living longer because of health advances and gains, but pension schemes have to pay these pensions for that person’s life, and the longer they live the more expensive it gets. It might be good in one respect but financially it’s a challenge,” he said.
“Some employers have decided that because ‘final salary schemes’ are so expensive, they’re moving to other types of schemes which are less generous, so that’s a big challenge. There’ll be a golden generation of people who have retired in the last 10 or 20 years, but that might not be the case for the future,” he added.
LSBF Great Minds series
As well as offering programmes dedicated to fostering leadership skills, LSBF also endeavours to provide students with insight and inspiration through a number of innovative resources. One of these initiatives is the LSBF Great Minds Series: a collection of video interviews with leading business and political leaders promoting debate on education, employability, entrepreneurship and the economy.
The video series started in 2011 with a conversation with former British Prime Minister Tony Blair, followed by an interview with former Education Secretary Lord Kenneth Baker. In 2012, entrepreneur Sir Richard Branson, founder and chairman of the Virgin Group said that universities worldwide should become hubs to boost entrepreneurship and inspire self-starters to develop their own businesses. In 2014, LSBF spoke to Will Butler-Adams from Brompton Bicycle, Guy Hayward-Cole from Nomura Bank International, with former British Prime Minister Sir John Major, entrepreneur and investor Deborah Meaden, Google UK sales director Kevin Mathers and BBC Worldwide CEO Tim Davie.
In 2015, LSBF hosted interviews with Andrew Miller, CEO of Guardian Media Group; Jill McDonald, CEO of McDonald's UK; Kevin Costello, CEO of Haymarket Group; Amy McPherson, CEO of Marriott Hotels Europe; veteran BAFTA-winning broadcaster Jon Snow; live chats with Kevin Ellis, Managing Partner of PricewaterhouseCoopers; Guy Hands, Founder of Terra Firma and many others.