设计消费者需要的年金产品.pptxVIP

, 2003 A I t - I , 1200 , , 25 2000 29% , , s, 2 1999 65: ; 5% ( ) 0%? 100%0% ? 2000 ? ? ? ? ? ? () () () ( ) A (?) (?)? 2000A (?) (?)? 2000 - 5%. = 1, 2, 3, 4 5% , .? 2000 ..... I ? a 60: 9292 2001? 2000 75 : 9292 2001? 2000 90 : 9292 2001? 2000 , a: 9292 2001? 2000Initial fund ￡100,000 Male aged 60 at outsetMortality: PMA92 Year of use 2001 : : / 0% 7% ( ) 7% ( ) :( ) : 7% ( )? 2000Male aged 60 at outsetMortality: PMA92 Year of use 2001 - ? 2000 1% ? 2% ? 3% ? ? ? () ? - , 60 1992, . 92? 2000 -92 80 -? 2000 + - ￡ ￡ 10,000 10.00 100,000 (975) (10,000) 295 3,000 4,860 9,320 10.50 97,860 10,000? 2000 : 9292 2001? 2000 M F % % 75 4.1 2.885 13.1 8.495 33.2 21.2: d d ? 2000 ? 2001 - = 7% ? 2000 - = 1.1 x 7% ? 2000 - = 0.9 x 7% ? 2000 - ? 2000 , , : - g ? 2002 = 100% = ~92.5% = 50% = ~96.5% ( )CLAIM a , a , a ( a ). . ( ) Designing annuity products for consumer needsPresented byMike WadsworthPartner, Watson Wyattmike.wadsworth@May 2002谢 谢In practice the customer could take income shaped like this.