Bringing cost transparency to the life annuity market

Catherine Donnelly, Montserrat Guillen and Jens Perch Nielsen

Insurance: Mathematics and Economics, 2014, vol. 56, issue C, 14-27

Abstract: The financial industry has recently seen a push away from structured products and towards transparency. The trend is to decompose products, such that customers understand each component as well as its price. Yet the enormous annuity market combining investment and longevity has been almost untouched by this development.

Keywords: IM51; IB81; Investment; Pensions; Pooled annuity fund; Lifetime savings; Mutual risk-sharing (search for similar items in EconPapers)
JEL-codes: G22 G23 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:insuma:v:56:y:2014:i:c:p:14-27

DOI: 10.1016/j.insmatheco.2014.02.003

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