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

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  • 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.

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  • International Monetary Fund, 2007. "Mexico: Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market," IMF Staff Country Reports 2007/163, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/163
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    1. Blake, D. & Cairns, A. J. G. & Dowd, K., 2006. "Living with Mortality: Longevity Bonds and Other Mortality-Linked Securities," British Actuarial Journal, Cambridge University Press, vol. 12(1), pages 153-197, March.
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