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The long term just got longer

May 7, 2009

Nanotechnology is set to revolutionise the medical world by creating a population that will live longer and in better health. The ramifications for the financial services industry are immense and will form the focus of the next TISA – Tax Incentivised Savings Association – futurology seminar.

Part of a programme of events looking to the future of savings and retirement planning, this half day seminar – Financial needs of an ageing population: Looking to the future – will be held in London on June 10.

Applied nanotechnology is expected to create new treatment applications to improve the quality of life, increase longevity and change lifestyles across society. The financial services industry needs to prepare for this impact and meet the needs created by these changes.

Tony Vine-Lott, TISA director general says:

“Advances in this technology mean that the world could look very different in 15 years time. It’s imperative that the financial services industry is prepared to meet the demands of a longer living population and that means facing up to the challenges now and in particular designing the investment vehicles that are going to suit all needs.”

Speakers at the seminar include:

Nick Bostrom, Director, Future of Humanity Institute and Professor, Faculty of Philosophy & James Martin 21st Century School, Oxford University;
Paul Flatters, Managing Partner, Trajectory Partnership;
Robert Gardner, Partner, Redington Partners;
Joseph Lu, Mortality Actuary, Legal & General;
Ron Wheatcroft, Technical Manager, Swiss Re Capital Markets Ltd

The afternoon will be chaired by Adrian Boulding, Wealth Policy Director, Legal & General.

Presentations will look at the ethics and practicalities of human ‘engineering’ as well as the implications for the financial services industry. The seminar is being held on Wednesday 10 June from 12.00 until 17.00 at the London Chamber of Commerce & Industry, 33 Queen Street, London EC4R 1AP

Delegate fees are £160 for TISA members (£250 non-members) and further details are available at http://www.tisa.uk.com/other_event.html?event_id=171

For further information, please contact:

Carol Knight, Head of Member Services, TISA – Tel: 01642 666989.
Email: carol.knight@tisa.uk.com

Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786. Email: steve.radford@cauldron-consulting.com

Notes for Editors

The Tax Incentivised Savings Association (TISA)

TISA is the premier trade association in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst at the same time encouraging more people to save for their financial security and peace of mind.

Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 120 member firms involved in the supply or distribution of products to the sector and its consumer interest. TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles including:
• Individual Savings Accounts (ISAs)
• Child Trust Funds (CTFs)
• Savings Gateway
• Personal Pensions
• Investment Bonds
• Employer based pension schemes
• Wraps and platforms
• Other consumer-centric savings schemes and initiatives.

HM Government uses TISA’s market knowledge and ability to represent the views of both the savings and investments industry and consumers to help it to its policy in this area. Recent TISA successes include improvements to the ISA, the regime in which ISAs operate and simplification of the CTF.