Annuity Markets And Pension Reform PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Annuity Markets And Pension Reform PDF full book. Access full book title Annuity Markets And Pension Reform.
| Author | : George A. (Sandy) Mackenzie |
| Publisher | : Cambridge University Press |
| Total Pages | : 37 |
| Release | : 2006-07-24 |
| Genre | : Business & Economics |
| ISBN | : 1139458086 |
Download Annuity Markets and Pension Reform Book in PDF, ePub and Kindle
This 2006 book treats two vital public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions. It also addresses the questions of whether annuitization or other restrictions on distributions should be mandatory, and if so, can the provision of annuities be privatized? Its analytical framework is applicable to a broad range of countries. Given the diminishing importance of public pensions around the world, the growing number of the elderly, and the increasing importance of defined contribution plans, the voluntary demand for private annuities is going to grow. It is vital that annuities be reasonably priced and that the annuity market be effectively regulated. The book investigates both issues, and proposes reforms to enhance the efficiency of the annuity market.
| Author | : George A. Mackenzie |
| Publisher | : |
| Total Pages | : 248 |
| Release | : 2006 |
| Genre | : Electronic books |
| ISBN | : 9780511225628 |
Download Annuity Markets and Pension Reform Book in PDF, ePub and Kindle
This book treats two vital but neglected public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions.
| Author | : G. A. Mackenzie |
| Publisher | : International Monetary Fund |
| Total Pages | : 66 |
| Release | : 2002-09 |
| Genre | : Business & Economics |
| ISBN | : |
Download The Role of Private Sector Annuities Markets in an Individual Accounts Reform of a Public Pension Plan Book in PDF, ePub and Kindle
Pension reforms that establish individual accounts will diminish the relative importance of the traditional state pension while creating a significant role for individual accounts in providing income for retirement. This paper surveys the policy issues this new role entails. It offers general advice to countries considering such issues as the restrictions to be placed on the timing, extent, and form of withdrawals from individual accounts and the need for mandatory annuitization (conversion into annuities) of accumulated account balances. The paper also considers the role that private annuity markets should play and related regulatory, social safety net, tax, and administrative questions.
| Author | : Roberto Rezende Rocha |
| Publisher | : World Bank Publications |
| Total Pages | : 292 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : 082136667X |
Download Developing Annuities Markets Book in PDF, ePub and Kindle
Developing Annuities Markets: The Experience of Chile is part of a multicountry World Bank project analyzing the market for retirement products. Among countries that have reformed their pension systems since the early 1990s, the Chilean case has emerged as the most relevant for drawing policy lessons on the role of the private sector in the provision of retirement income for two reasons: the depth, sophistication, and efficiency of the country's retirement products market, and the fact that this market was successfully developed from scratch by a middle-income country. The book examines in det.
| Author | : Gregorio Impavido |
| Publisher | : World Bank Publications |
| Total Pages | : 47 |
| Release | : 2007 |
| Genre | : Annuities |
| ISBN | : |
Download The Mexican Pension Annuity Market Book in PDF, ePub and Kindle
This paper analyzes the performance and development of the Mexican pension annuity market established as a consequence of the 1997 pension reform. The Mexican experience displays interesting characteristics providing lessons for other countries that still need to design the decumulation phase of their newly established second pillars. At the same, time it raises some technical and policy concerns that need addressing as they could hamper, in the future, the healthy development of the market. The paper concludes that: 1) general life insurance companies may better hedge longevity risk than specialized annuity companies; 2) competition should be based on prices rather than additional products; 3) better disclosure of options under the 1973 and 1997 social security laws should be given to disability and life annuitants; and 4) various measures should be taken to improve asset liability management including allowing companies to trade over the counter derivatives and substituting over time the regulatory asset liability management framework with an economic asset liability management framework.
| Author | : Edmund Stuart Cannon |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 316 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 0199216991 |
Download Annuity Markets Book in PDF, ePub and Kindle
The Pension Crisis concerns the changing demographic profile of the economy: an increasing number of elderly persons supported by fewer young people. Governments around the world are responding to this impending crisis by shifting their pension policies away from pay-as-you-go systems towards individual savings schemes. These savings need to be converted into a pension at retirement, and annuities provide this function. This book is a comprehensive study of annuity markets. The book starts by outlining the context of public policy towards pensions, and explains the different types of annuities available, focusing on the UK which has the largest annuity market in the world. It examines how annuities are priced, and describes the techniques of mortality measurement. As a background, it provides a history of annuities, and the experience of annuity markets in a number of other countries. The book outlines the economic theory behind annuities, and explains how annuities insure consumers against longevity risks. It goes on to describes how annuities markets function: how they work, and whether they are efficient, leading onto a discussion of the annuity puzzle. The book concludes by discussing the regulatory framework, assets available to back annuity liabilities, and recent developments in annuity markets.
| Author | : Roberto Rocha |
| Publisher | : |
| Total Pages | : |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
Download A Summary and Update of Developing Annuities Markets Book in PDF, ePub and Kindle
| Author | : Roberto Rezende Rocha |
| Publisher | : World Bank Publications |
| Total Pages | : 376 |
| Release | : 2011 |
| Genre | : Business & Economics |
| ISBN | : 0821385747 |
Download Annuities and Other Retirement Products Book in PDF, ePub and Kindle
In the 1990s many emerging economies in Central Europe and Latin America initiated their pension reforms. While most analysis to date has focused on the accumulation phase, there are a number of lessons to be shared as countries start to prepare the retirement options for their contributors, with this book addressing these issues from a public policy perspective.
| Author | : Stephen J. Kay |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 446 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 0199226806 |
Download Lessons from Pension Reform in the Americas Book in PDF, ePub and Kindle
Provides an analysis of pension reform in all the major countries in the Americas, including successes and failures.
| Author | : Jeffrey R. Brown |
| Publisher | : MIT Press |
| Total Pages | : 248 |
| Release | : 2001-11-09 |
| Genre | : Business & Economics |
| ISBN | : 9780262261692 |
Download The Role of Annuity Markets in Financing Retirement Book in PDF, ePub and Kindle
Annuity insurance products help protect retirees against outliving their incomes. Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes. A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.
