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Annuity Markets$
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Edmund Cannon and Ian Tonks

Print publication date: 2008

Print ISBN-13: 9780199216994

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199216994.001.0001

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Introduction and the context of annuity markets

Introduction and the context of annuity markets

(p.1) 1 Introduction and the context of annuity markets
Annuity Markets

Edmund Cannon (Contributor Webpage)

Ian Tonks (Contributor Webpage)

Oxford University Press

This introductory chapter starts by examining the general approach of public policy towards pensions. It discusses the impending pensions crisis: the changing demographic profile in many economies, with an increasing number of elderly persons supported by a shrinking younger population. The chapter goes on to examine pension structure within a selected group of countries and shows how that pension structure relates to the development of annuity markets in the same country. It also examines the size of the pensions annuity market in the UK.

Keywords:   pensions policy, public policy, pensions crisis, demographics

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