Stuart Leckie  curriculum

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Date: Monday, March 18

Session: 12

Social Security


Presentation

   Social Security Reform in Developing Countries - the Evolution of Defined Contribution Solutions

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Summary

This session will start with Alejandro Ferreiro providing a critical assessment of how the defined contribution approach has worked in Chile. This is followed by critiques of the DB/DC approaches using some developing countries as examples. The speakers will provide insight on the reasons for the choice of the funding mechanism in their countries and the consequence of the choice. The emphasis is on innovative approaches used, and the problems encountered.

Juan Carlos Padilla and Rosa Maria Farell will focus on the Mexican solution. Yves Guérard and Stuart Leckie will provide insight into the Chinese approach. Joshua Bank will assess South America reforms. Michael Sze will analyze the pension reforms in the former Soviet countries, with special focus on Kazakhstan.

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 Stuart Hamilton Leckie, O.B.E., J.P., F.F.A., F.I.A.

Curriculum
Chairman - Greater China
Hewitt Associates

Mr. Leckie read Pure Mathematics at the University of Glasgow then qualified as an Actuary in 1972. He worked in life insurance in the UK until moving to Hong Kong in 1979. He headed Watson Wyatt in Asia-Pacific until 1995 and then was Chairman of Fidelity Investments, Asia-Pacific until 1997.

Mr. Leckie now advises on pensions and investments in Hong Kong and mainland China. He has been President of the Actuarial Society of Hong Kong (1981 and 1999) and is currently Chairman of the International Actuarial Association's China Committee.

Mr. Leckie serves on various committees in Hong Kong's Securities and Futures Commission and was a Director of Exchange Fund Investment Limited which launched the very successful Tracker Fund. He has written books on "Pension Funds in China" and "Investment Funds in China".

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Author