Mexico: Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market

International Monetary Fund

No 2007/163, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The rationale for the choice of specialized annuity providers has been, on the one hand, to avoid the contagion effect from composite life and nonlife insurance companies operating annuities, and on the other hand, the implicit government guarantee associated with a benefit provision for which participation has been mandated by the federal government.

Keywords: ISCR; CR; annuity company; interest rate; private sector; annuity provider; key rate; annuity market; company performance; market penetration; rate of return; base salary; pension annuity provider; Insurance; Pensions; Pension spending; Insurance companies; Aging; Central and Eastern Europe; Global (search for similar items in EconPapers)
Pages: 49
Date: 2007-05-15
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