ENGLISH

Life Annuity Products and Their Guarantees

By OECD Organisation for Economic Co-operation and Development

Book information

Publisher
OECD Publishing
Year
2016
ISBN
9264265309, 9789264265301
Language
english
Format
PDF
Filesize
2 MB (1590178 bytes)
Pages
108\110
Time added
2017-10-08 15:21:40
Finance;Corporate Finance;Crowdfunding;Financial E

Description

This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.

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