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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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(p.259) 11 Conclusions
Annuity Markets

Edmund Cannon (Contributor Webpage)

Ian Tonks (Contributor Webpage)

Oxford University Press

This chapter summarizes the conclusions on annuity pricing. While annuity products continue to be an important component of a number of pensions systems, there are a number of public policy questions relating to both the supply and demand side of annuities. These include more sophisticated mortality projections, annuity products that appeal to particular clienteles, the bulk buy-out market, and the demand for long-term care. The chapter ends by suggesting possible explanations for the recent slight decline in the money's worth numbers.

Keywords:   A-day, bulk buy-outs, long-term care, public policy questions, mortality projections

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