The effect of the reforms to compulsion on annuity demand
The effect of the reforms to compulsion on annuity demand
复制标题
强制改革对年金需求的影响
DOI：
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发表时间：
2016
影响因子：
2.1
通讯作者：
R. Yuille
中科院分区：
文献类型：
--
作者：
E. Cannon;Ian Tonks;R. Yuille
本文调查了最近对税收优惠养老金储蓄强制年化的监管变化对年金和其他退休产品需求的影响。我们发现，对年金的需求较2012年的峰值下降了近75%，而对收入支付型产品的需求有所增加。有一些证据表明，年龄较小、养老金规模较小的人选择不年化，因此购买年金的平均规模有所增加。
This paper investigates the effect of recent regulatory changes to the compulsory annuitisation of tax-privileged pension savings, on the demand for annuities and other retirement products. We find that the demand for annuities has fallen by almost 75 per cent from its peak in 2012, and the demand for income drawdown products has increased. There is some evidence that people at younger ages and with smaller pension pots are choosing not to annuitise, and hence the average size of an annuity purchase has increased.