Policy Issues for Developing Annuities Markets

Fiona Stewart

Organisation for Economic Co-operation and Development

关键词: retirement;    defined contribution plans;    annuity markets;    annuities;    defined benefit pension plans.;    private pensions;   

DOI  :  https://doi.org/10.1787/268701821137

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

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.