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Pensions: Who Pays?

In: A Risky Business

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  • Catrin Townsend

Abstract

The previous chapter covered life-dependent assurance and annuityAnnuity products. One commonly held annuity is a pension; a regular income paid to someone because they no longer work due to age or poor health. However, whereas in the last chapter we considered individual pensions or individual life assurance policies, in this chapter we will see the benefits and challenges of scaling this up to a system that covers thousands or even millions of people. But before we look at the challenges of the present, let’s start at the beginning.

Suggested Citation

  • Catrin Townsend, 2022. "Pensions: Who Pays?," Springer Books, in: A Risky Business, chapter 0, pages 141-166, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-11673-5_7
    DOI: 10.1007/978-3-031-11673-5_7
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