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Annuity Markets by Edmund Cannon,Ian Tonks

By Edmund Cannon,Ian Tonks

The Pension obstacle matters the altering demographic profile of the economic climate: a growing number of aged people supported by means of fewer children. Governments all over the world are responding to this drawing close problem through moving their pension regulations clear of pay-as-you-go platforms in the direction of person discount rates schemes. those discounts must be switched over right into a pension at retirement, and annuities offer this functionality. This e-book is a accomplished learn of annuity

The ebook starts off by way of outlining the context of public coverage in the direction of pensions, and explains the differing kinds of annuities to be had, targeting the united kingdom which has the biggest annuity marketplace on the earth. It examines how annuities are priced, and describes the concepts of mortality dimension. As a heritage, it presents a heritage of annuities, and the adventure of annuity markets in a couple of different international locations. The publication outlines the commercial idea at the back of annuities, and explains how
annuities insure shoppers opposed to toughness dangers. It is going directly to describes how annuities markets functionality: how they paintings, and whether or not they are effective, best onto a dialogue of the annuity puzzle. The publication concludes by means of discussing the regulatory framework, resources to be had to again annuity liabilities,
and contemporary advancements in annuity markets.

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