Cannon, Edmund; Tonks, Ian - In: The Geneva Papers on Risk and Insurance - Issues and … 29 (2004) 3, pp. 371-393
This paper constructs a time series of annuity rates in the U.K. for 1957–2002, and examines the pricing of U.K. annuities, and the relationship between the accumulation and decumulation phases of a defined contribution pension scheme by focusing on the properties of the pension replacement...