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Money’s worth of pension annuities

dc.contributor.authorCannon, Edmunden_GB
dc.contributor.authorTonks, Ianen_GB
dc.contributor.departmentUniversity of Bristolen_GB
dc.contributor.departmentUniversity of Exeteren_GB
dc.date.accessioned2009-03-05T14:16:43Zen_GB
dc.date.accessioned2011-01-25T10:28:15Zen_GB
dc.date.accessioned2013-03-20T11:09:11Z
dc.date.issued2009en_GB
dc.description.abstractThe 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.identifier.urihttp://hdl.handle.net/10036/52333en_GB
dc.language.isoenen_GB
dc.publisherDepartment for Work and Pensionsen_GB
dc.relation.ispartofseriesResearch reporten_GB
dc.relation.ispartofseriesno.563en_GB
dc.subjectpensionsen_GB
dc.subjectAnnuitiesen_GB
dc.subjectValueen_GB
dc.subjectUnited Kingdomen_GB
dc.titleMoney’s worth of pension annuitiesen_GB
dc.typeTechnical Reporten_GB
dc.date.available2009-03-05T14:16:43Zen_GB
dc.date.available2011-01-25T10:28:15Zen_GB
dc.date.available2013-03-20T11:09:11Z
dc.identifier.isbn9781847124920en_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
dc.descriptionDepartment for Work and Pensions Research Report No 56


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