Mandated Annuities in Switzerland
Switzerland is one of the few countries with a relatively mature funded pension scheme. This paper offers a short description of the Swiss system, highlighting two specific areas for which previous experience is particularly valuable. Taking the Swiss example, firstly, it illustrates the importance of prudential regulation and adequate transparency standards. Secondly, the paper explores the impact of different pay-out options in a mandatory second pillar.
|Date of creation:||Mar 2003|
|Date of revision:|
|Publication status:||Published in Developing an Annuity Market in Europe, Fornero E. and Luciano E. (eds), Cheltenham: Edward Elgar, January 2004|
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Web page: http://www.hec.unil.ch/deep/publications/cahiers/series
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