Pension bonds are an ingenious idea for providing retirement income

(...)  When people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some ...

Cited As:

Lionel Martellini

Director of EDHEC-Risk Institute

Robert C. Merton

Massachusetts Institute of Technology

(...)  When people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by a stockmarket downturn. A third option is an annuity, which guarantees a lifelong income but vanishes at death, even if that is a week after retirement. (...)

Type: Press article
Date: le 17/05/2018
Research Cluster : Finance
Source : The Economist

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