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Developing annuities markets : the experience of Chile (Английский)

Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension reforms, particularly in the last decade. The purpose of the report is to examine the Chilean experience in developing the market for retirement products, including programmed or phased withdrawals (PWs) and annuities, and to draw lessons for other...
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