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Life Annuity Products and Their Guarantees

image of Life Annuity Products and Their Guarantees

This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.

English

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Policy considerations with respect to annuity products

The policy considerations put forward in this chapter draw from the information presented in previous chapters, and are structured around four main themes: defining a common language, designing a coherent framework, keeping up with innovation and finally encouraging the risk management of annuity products.

English

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