Be Careful With Chile’s Annuity Market: Economists

September 25, 2019 by Allison Bell

Poorly designed efforts to improve Chile’s retirement system could break the country’s individual annuity market, economists warn.

The economists — Gastón Illanes of Northwestern University and Manisha Padi at the University of California at Berkeley — look in a new working paper at efforts to replace Chile’s current system, which simply limits drawdown of retirement assets, with mandatory partial annuitization.

Originally Posted at ThinkAdvisor on September 20, 2019 by Allison Bell.