Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]

Enhanced annuities are non-deferred annuities that, by considering risk factors of the insured person in addition to their age, can provide a greater periodic pay-out than that of standard annuities. Given current demographic trends and the associated longevity risk, enhanced annuities, widely intro...

ver descrição completa

Detalhes bibliográficos
Autores: Andrés Sánchez, Jorge de, González-Vila Puchades, Laura
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/172353
Acesso em linha:https://hdl.handle.net/2445/172353
Access Level:acceso abierto
Palavra-chave:Pensions a la vellesa
Longevitat
Investigació quantitativa
Assegurances de vida
Old age pensions
Longevity
Quantitative research
Life insurance
id ES_b5f7c99aec8c2bc8bc06a9d3a4d6c5a4
oai_identifier_str oai:recercat.cat:2445/172353
network_acronym_str ES
network_name_str España
repository_id_str
spelling Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]Andrés Sánchez, Jorge deGonzález-Vila Puchades, LauraPensions a la vellesaLongevitatInvestigació quantitativaAssegurances de vidaOld age pensionsLongevityQuantitative researchLife insuranceEnhanced annuities are non-deferred annuities that, by considering risk factors of the insured person in addition to their age, can provide a greater periodic pay-out than that of standard annuities. Given current demographic trends and the associated longevity risk, enhanced annuities, widely introduced in the United Kingdom, can become an important market niche in countries where their sale levels are low or non-existing, as is the case of Spain. In this work, we describe some key aspects of enhanced annuities. A quantitative analysis is also carried out. To do so, we focus on determining the pay-outs to be received, based on the consideration of a mortality table fitted to the annuitant's life expectancy. Finally, the main drivers of and barriers to the demand and supply of this product are exposed, considering the particular situation of Spain.Universidade de Santiago de Compostela2020202020202020info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion19 p.application/pdfapplication/pdfhttps://hdl.handle.net/2445/172353Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésReproducció del document publicat a: https://doi.org/10.15304/rge.29.3.6649Revista Galega de Economía , 2020, vol. 29, num. 3, p. 1-19https://doi.org/10.15304/rge.29.3.6649cc-by-nc-nd (c) Universidade de Santiago de Compostela, 2020http://creativecommons.org/licenses/by-nc-nd/3.0/esinfo:eu-repo/semantics/openAccessoai:recercat.cat:2445/1723532026-05-29T05:05:01Z
dc.title.none.fl_str_mv Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
title Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
spellingShingle Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
Andrés Sánchez, Jorge de
Pensions a la vellesa
Longevitat
Investigació quantitativa
Assegurances de vida
Old age pensions
Longevity
Quantitative research
Life insurance
title_short Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
title_full Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
title_fullStr Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
title_full_unstemmed Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
title_sort Enhanced annuities as a complement to the public retirement pension: analysis of their implementation in Spain [written in Spanish]
dc.creator.none.fl_str_mv Andrés Sánchez, Jorge de
González-Vila Puchades, Laura
author Andrés Sánchez, Jorge de
author_facet Andrés Sánchez, Jorge de
González-Vila Puchades, Laura
author_role author
author2 González-Vila Puchades, Laura
author2_role author
dc.subject.none.fl_str_mv Pensions a la vellesa
Longevitat
Investigació quantitativa
Assegurances de vida
Old age pensions
Longevity
Quantitative research
Life insurance
topic Pensions a la vellesa
Longevitat
Investigació quantitativa
Assegurances de vida
Old age pensions
Longevity
Quantitative research
Life insurance
description Enhanced annuities are non-deferred annuities that, by considering risk factors of the insured person in addition to their age, can provide a greater periodic pay-out than that of standard annuities. Given current demographic trends and the associated longevity risk, enhanced annuities, widely introduced in the United Kingdom, can become an important market niche in countries where their sale levels are low or non-existing, as is the case of Spain. In this work, we describe some key aspects of enhanced annuities. A quantitative analysis is also carried out. To do so, we focus on determining the pay-outs to be received, based on the consideration of a mortality table fitted to the annuitant's life expectancy. Finally, the main drivers of and barriers to the demand and supply of this product are exposed, considering the particular situation of Spain.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020
2020
2020
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/172353
url https://hdl.handle.net/2445/172353
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: https://doi.org/10.15304/rge.29.3.6649
Revista Galega de Economía , 2020, vol. 29, num. 3, p. 1-19
https://doi.org/10.15304/rge.29.3.6649
dc.rights.none.fl_str_mv cc-by-nc-nd (c) Universidade de Santiago de Compostela, 2020
http://creativecommons.org/licenses/by-nc-nd/3.0/es
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc-by-nc-nd (c) Universidade de Santiago de Compostela, 2020
http://creativecommons.org/licenses/by-nc-nd/3.0/es
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 19 p.
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Universidade de Santiago de Compostela
publisher.none.fl_str_mv Universidade de Santiago de Compostela
dc.source.none.fl_str_mv Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869417406806360064
score 15,81155

Registos relacionados