Mexico: Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market

May 15, 2007

Preview Citation

Format: Chicago

Mexico: Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The rationale for the choice of specialized annuity providers has been, on the one hand, to avoid the contagion effect from composite life and nonlife insurance companies operating annuities, and on the other hand, the implicit government guarantee associated with a benefit provision for which participation has been mandated by the federal government.

Subject: Aging, Expenditure, Financial institutions, Insurance, Insurance companies, Labor, Pension spending, Pensions, Population and demographics

Keywords: Aging, Annuity company, Annuity market, Annuity provider, Base salary, Central and Eastern Europe, Company performance, CR, Global, Insurance, Insurance companies, Interest rate, ISCR, Key rate, Market penetration, Pension annuity provider, Pension spending, Pensions, Private sector, Rate of return

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/163
Stock No:

1MEXEA2007002
ISBN:

9781451825718
ISSN:

1934-7685

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