This paper reviews the impact of ageing on private pensions, in particular on the payout phase, assesses the part that annuities can play in financing retirement, and examines the role of financial markets in facilitating the allocation on assets accumulated in defined contribution pension plans. A comprehensive set of recommendations for discussion is provided at the end of the paper.
Ageing and the Payout Phase of Pensions, Annuities and Financial Markets
OECD Working Papers on Insurance and Private Pensions
