TITLE

Bulk buys will drive down annuity rates

AUTHOR(S)
York, Nicola
PUB. DATE
July 2009
SOURCE
Money Marketing;7/9/2009, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of bulk buyout deals on the annuity rates in Great Britain in 2009. Pension consultant Ros Altmann expressed his concern for the annuity market because of the growing demand for final-salary scheme that will likely to threaten the market rate of annuity. She explained that bulk buying of deals means lower annuity rates resulting into weak financial performance of annuity providers.
ACCESSION #
43459433

 

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