Policy Issues for Developing Annuities Markets:

Annuities are specifically designed to cover the risk that an individual outlives their own resources by transferring such risk to an insurance undertaking. Despite an increasing need for annuity products (due to increasing longevity, decreasing state pensions, a rise in Defined Contribution pension...

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Bibliographic Details
Main Author: Stewart, Fiona (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2007
Series:OECD Working Papers on Insurance and Private Pensions
Subjects:
Online Access:Volltext
Summary:Annuities are specifically designed to cover the risk that an individual outlives their own resources by transferring such risk to an insurance undertaking. Despite an increasing need for annuity products (due to increasing longevity, decreasing state pensions, a rise in Defined Contribution pension plans etc.), these markets remains under-developed in many OECD countries. This paper attempts to address why this is the case and what policy options exist for encouraging annuity markets to develop
Physical Description:1 Online-Ressource (9 Seiten) 21 x 29.7cm
DOI:10.1787/268701821137

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