Knowledge@SMU

Authors

Knowledge@SMU

Publication Type

Journal Article

Publication Date

2-2010

Abstract

Greying populations are no longer a challenge reserved just for developed economies. The “silver tsunami” is starting to make its way towards developing nations too. But are governments, insurance companies, banks and individuals preparing themselves sufficiently? Buying annuities is one means to which people can plan for their retirement needs. Yet, take-up rates remain low. As the "tsunami" approaches, should regulators take forceful action to kick start the take-up of such instruments to prepare their economies for the impending economic mayhem?

Keywords

Retirement, Aging population, annuities, income

Disciplines

Finance and Financial Management

Copyright Owner and Holder

Copyright © Singapore Management University 2012

Article ID

1265

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