Money’s worth of pension annuities

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Money’s worth of pension annuities

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dc.contributor.author Cannon, Edmund en_GB
dc.contributor.author Tonks, Ian en_GB
dc.contributor.department University of Bristol en_GB
dc.contributor.department University of Exeter en_GB
dc.date.accessioned 2009-03-05T14:16:43Z en_GB
dc.date.accessioned 2011-01-25T10:28:15Z en_US
dc.date.accessioned 2013-03-20T11:09:11Z
dc.date.issued 2009 en_GB
dc.description.abstract The report examines a time series of pension annuity rates in the UK for 1994- 2007. It computes the money's worth of annuities, and finds that, on average, the money's worth over the sample period for 65-year old males has been 90 per cent, and for 65-year old females has been a similar, but slightly larger, 91 per cent. Taking into account load factors associated with annuity contracts and in comparison with other financial and insurance products, this implies that annuities are fairly priced. en_GB
dc.description.sponsorship Research carried out by the Department of Economics, University of Bristol and XFi Centre for Finance and Investment, University of Exeter on behalf of the Department for Work and Pensions. en_GB
dc.identifier.uri http://hdl.handle.net/10036/52333 en_GB
dc.language.iso en en_GB
dc.publisher Department for Work and Pensions en_GB
dc.relation.ispartofseries Research report en_GB
dc.relation.ispartofseries no.563 en_GB
dc.relation.url http://www.dwp.gov.uk/asd/asd5/rports2009-2010/rrep563.pdf en_GB
dc.subject pensions en_GB
dc.subject Annuities en_GB
dc.subject Value en_GB
dc.subject United Kingdom en_GB
dc.title Money’s worth of pension annuities en_GB
dc.type Technical Report en_GB
dc.date.available 2009-03-05T14:16:43Z en_GB
dc.date.available 2011-01-25T10:28:15Z en_US
dc.date.available 2013-03-20T11:09:11Z
dc.identifier.isbn 9781847124920 en_GB
dc.description © Crown copyright 2009. Published for the Department for Work and Pensions under licence from the Controller of Her Majesty’s Stationery Office. en_GB


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