The debate around annuity compulsion and proposed pension reforms provides an appropriate context for exploring consumer attitudes to annuitisation. A substantial sample of those approaching or just into retirement were polled as to willingness to annuitise and preferred timing. Questions...

The large declines in equity markets observed in the United Kingdom and the United States in 2001-2002 had a significant impact on the retirement funds of many individuals approaching retirement. This decline in markets and savings offers a natural experiment from which we examine how...

The UK requires individuals with individual pension accounts to annuitize before the age of 75. Using a time series of annuity prices and quantities, we apply the methodology of Mitchell et. al. (1999) to examine the value of UK market annuity rates relative to theoretical values. We find that...