2015 May

Trading Annuities

May 6th, 2015

In the recent shake up of pensions it seems likely that retirees will be able to sell their existing annuities. This indeed offers flexibility, however whether “fair-value” on sale is achieved is another thing. Valuing an annuity is far from trivial. It requires present valuing future cash flows that are dependent on life expectancy. Retail […]

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