Improving money's worth ratio calculations: The case of Singapore's pension annuities

• Main Authors: FONG, Joelle H. Y., LEMAIRE, Jean, TSE, Yiu Kuen
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: annuities; money’s worth ratio; risk measures; Asian Studies; Economics; Finance
• Online Access: https://ink.library.smu.edu.sg/soe_research/1613; https://ink.library.smu.edu.sg/context/soe_research/article/2612/viewcontent/SSRN_id1928323.pdf
• Institution: Singapore Management University

This article contributes to a better understanding of the risks involved in a life annuity investment. We examine the distribution of weighted annuity benefits and assess various measures of dispersion such as the coefficient of variance. In particular, we quantify the standard deviation about the e...