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Home > Business and Economics > Finance and accounting > Finance and the finance industry > Insurance and actuarial studies > Annuities: The Case for Change
Annuities: The Case for Change

Annuities: The Case for Change


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About the Book

'Annuities: The Case for Change' is a bold intervention in the pensions argument which presses the case for government to trust to its citizens the ability to manage their own affairs. It calls for an end to compulsory annuitisation as a necessary step towards increasing the flexibility of the pensions regime. In this volume Donald McCarthy points out the unremarked problems of economic success. With a dramatic fall in the yield on gilts, pensioners are now experiencing annuity rates significantly less than their predecessors only a few years before. This raises the question of whether the compulsory purchase of an annuity is an appropriate investment vehicle. McCarthy meets the usual objections to abolition. He points out that, with a judicious balancing in capital gains and inheritance tax, there need be no net loss to the Inland Revenue. He also effectively disputes the objection that pensioners will consume all their resources, arguing that, if left to their own devices, pensioners will act in a financially prudent manner. This contribution steps outside the consenus in the debate. It is a fascinating entry into the argument, founded on a clear view of the centrality of individual liberty.



Product Details
  • ISBN-13: 9781874097587
  • Publisher: The Social Market Foundation
  • Publisher Imprint: The Social Market Foundation
  • Height: 208 mm
  • Sub Title: The Case for Change
  • ISBN-10: 1874097585
  • Publisher Date: 13 Dec 2002
  • Binding: Paperback
  • Spine Width: 3 mm
  • Width: 146 mm


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