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Bringing cost transparency to the life annuity market

Author

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  • Donnelly, Catherine
  • Guillén, Montserrat
  • Nielsen, Jens Perch

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.

Suggested Citation

  • Donnelly, Catherine & Guillén, Montserrat & Nielsen, Jens Perch, 2014. "Bringing cost transparency to the life annuity market," Insurance: Mathematics and Economics, Elsevier, vol. 56(C), pages 14-27.
  • Handle: RePEc:eee:insuma:v:56:y:2014:i:c:p:14-27
    DOI: 10.1016/j.insmatheco.2014.02.003
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    References listed on IDEAS

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    Cited by:

    1. Moshe A. Milevsky & Thomas S. Salisbury, 2016. "Optimal retirement income tontines," Papers 1610.10078, arXiv.org.
    2. Milevsky, Moshe A. & Salisbury, Thomas S., 2015. "Optimal retirement income tontines," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 91-105.
    3. Boonen, Tim J. & De Waegenaere, Anja & Norde, Henk, 2017. "Redistribution of longevity risk: The effect of heterogeneous mortality beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 72(C), pages 175-188.
    4. repec:pal:gpprii:v:42:y:2017:i:3:d:10.1057_s41288-017-0056-1 is not listed on IDEAS

    More about this item

    Keywords

    IM51; IB81; Investment; Pensions; Pooled annuity fund; Lifetime savings; Mutual risk-sharing;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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