insurance markets

Publication date: 3 Aug 2016 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Cannon, E, Tonks, I, Yuille, R | JEL classification: G22, D4, D82 | Journal: National Institute Economic Review Issue 237 | Publisher: Sage Publications, London
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...