Introduction and the context of annuity markets
Introduction and the context of annuity markets
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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