000 04976nam a22004573i 4500
001 EBC6408862
003 MiAaPQ
005 20240724114700.0
006 m o d |
007 cr cnu||||||||
008 240724s2016 xx o ||||0 eng d
020 _a9789264265318
_q(electronic bk.)
020 _z9789264265301
035 _a(MiAaPQ)EBC6408862
035 _a(Au-PeEL)EBL6408862
035 _a(OCoLC)965781892
040 _aMiAaPQ
_beng
_erda
_epn
_cMiAaPQ
_dMiAaPQ
050 4 _aHD7105.4 .L54 2016
082 0 _a332.67254
100 1 _aOECD.
245 1 0 _aLife Annuity Products and Their Guarantees.
250 _a1st ed.
264 1 _aParis :
_bOECD Publishing,
_c2016.
264 4 _c©2016.
300 _a1 online resource (110 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
505 0 _aIntro -- Foreword -- Table of contents -- Executive summary -- Key findings and conclusions -- Annuity product features and design -- Coherence in the design of the pension framework -- Encouragement of the demand for annuity products -- Ensuring the sustainability of annuity products -- Ensuring the suitability of annuity products for consumers -- Chapter 1 What is an annuity product? -- Criteria to define an annuity product -- Defining the scope of what types of income streams are considered to be annuity products -- Defining the types of products that are considered to be annuity products -- Structure and features of annuity products -- Table 1.1. Classification of annuity products -- Notes -- Chapter 2 Overview of the different types of annuity products -- Level/(de)escalating annuities -- Advanced life deferred annuities -- Enhanced annuities -- Inflation indexed annuities -- Participating life annuities -- Variable payout annuities -- Variable annuities -- Fixed indexed annuities -- Table 2.1. Most common annuity product by jurisdiction -- Notes -- References -- Chapter 3 The risks presented by annuity products and how they are managed -- Modern approaches to risk management -- Risks faced by annuity providers -- Drivers of the risk exposures of annuity products -- Table 3.1. Risk drivers and risk management tools for annuity providers by product type -- Risk management of annuity products -- Risk management of fixed payment annuities -- Risks posed by indexed payment annuities and how they are managed -- Figure 3.1. Illustrated evolution of annuity payments for a VPA beginning at age 65 -- Risks posed by retirement savings products with a guaranteed income option and how they are managed -- Figure 3.2. Illustration of guarantee forms -- Table 3.2. Risk exposures from variable annuity product design.
505 8 _aTable 3.3. Hedging strategies for variable annuities -- Box 3.1. Definitions of plain vanilla options -- Table 3.4. Risks hedged for variable annuities -- Figure 3.3. Illustration of delta hedging -- Notes -- References -- Chapter 4 Drivers of annuity product availability, design and sustainability -- The role of annuity products within the pension system -- Consumer demand: the trade-off between protection, flexibility and cost -- The framework and tools for managing risks to ensure the sustainability of annuity products -- Notes -- References -- Chapter 5 Ensuring suitable products for consumers -- Product awareness -- Box 5.1. Money's worth ratios -- Table 5.1. Money's worth ratios for selected annuity markets -- Product distribution -- Product disclosure -- The potential role of technology -- Notes -- References -- Chapter 6 Policy considerations with respect to annuity products -- Defining a common language -- Designing a coherent framework for retirement -- Keeping up with innovation: Ensuring sustainable and suitable annuity products -- Encouraging appropriate risk management -- Summary of policy considerations -- Note -- Glossary.
520 _aChapter 1. What is an annuity product? Chapter 2. Overview of the different types of annuity products Chapter 3. The risks presented by annuity products and how they are managed Chapter 4. Drivers of annuity product availability, design and sustainability Chapter 5. Ensuring suitable products for consumers Chapter 6. Policy considerations with respect to annuity products.
588 _aDescription based on publisher supplied metadata and other sources.
590 _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 0 _aAnnuities.
650 0 _aRetirement income-Planning.
650 0 _aPension trusts.
655 4 _aElectronic books.
776 0 8 _iPrint version:
_aOECD
_tLife Annuity Products and Their Guarantees
_dParis : OECD Publishing,c2016
_z9789264265301
797 2 _aProQuest (Firm)
856 4 0 _uhttps://ebookcentral.proquest.com/lib/orpp/detail.action?docID=6408862
_zClick to View
999 _c22625
_d22625