Developing Annuities Markets : The Experience of Chile
Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension reforms, particularly in the last decade....
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| Language: | English en_US |
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/11/7224089/developing-annuities-markets-experience-chile http://hdl.handle.net/10986/7162 |
| Summary: | Demographic aging strains pension
systems around the world, leading frequently to large
pension expenditures and deficits. The increasing awareness
of a looming pension crisis has led to a wave of pension
reforms, particularly in the last decade. The purpose of
the report is to examine the Chilean experience in
developing the market for retirement products, including
programmed or phased withdrawals (PWs) and annuities, and to
draw lessons for other countries that are also making
efforts to develop such markets or anticipate the need to do
so. The report examines the performance of the market and
the evolution of the regulatory framework since the
implementation of the pension reform of 1981, but with a
focus on the past 10 years. |
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