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Bringing cost transparency to the life annuity market

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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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    More about this item

    Keywords

    IM51; IB81; Investment; Pensions; Pooled annuity fund; Lifetime savings; Mutual risk-sharing;
    All these keywords.

    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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