Developing an Annuity Market in Europe - Elsa Fornero

Developing an Annuity Market in Europe

By: Elsa Fornero (Editor), Elisa Luciano (Editor)

Hardcover

At a Glance

Hardcover


$314.40

or 4 interest-free payments of $78.60 with

 or 

Aims to ship in 15 to 25 business days

On the premise that pension provision in Europe will dramatically change over the next few decades, this book concentrates on the funded component of pension wealth, and specifically on annuities - financial products that, on the basis of acturial equivalence, allow the conversion of wealth into a lifelong stream of income. Developing an Annuity Market in Europe provides an analysis of how longevity and return risks are dealt with, besides considering key features from both household and insurance company perspectives. It takes account of the fact that annuity markets are expected to attract much interest in future years given the prospective cuts in public pension expenditure. In order to fill the gap between shrinking pensions and desired retirement consumption, the authors argue, annuities must be well regulated and supplied with financially attractive products. These conditions hardly exist today: thin markets and scant interest prevail, information is incomplete and imperfect, products show significant disparities. The contributors to this book explore the causes of present malfunctioning and examine the changes that may give annuities a new and vital function, which, along with greater competition and greater regulation may significantly alter the present scene of pension finance.
Industry Reviews
'The book is highly recommended to anyone interested in this subject. There is a lack of contributions that deal adequately with issues such as the articulation of various pension schemes, horizontal and vertical equity, political choices, public versus private annuitisation, and so on. . . The main merit of Elsa Fornero and Elisa Luciano's work is their success in bringing together so many renowned experts and varied texts, and the book undoubtedly contributes to progress in knowledge about pensions, savings and welfare policies.' -- Life and Pensions Magazine

More in Insurance & Actuarial Studies

DIY Super For Dummies : 3rd Australian Edition - Trish Power

RRP $39.95

$35.25

12%
OFF
Back Office and Operational Risk : Symptoms, sources and cures - Mervyn J. King
Risk Management : Strategic Success - Paul Hopkin

RRP $69.75

$47.00

33%
OFF
International Relations, Global Edition : 12th Edition - Jon Pevehouse
Actuarial Mathematics for Life Contingent Risks : 3rd edition - David C. M.  Dickson