Regulation

Question 1

Regulation that can be applied with respect to the post retirement

Answer 1

1. Regulation may require retirees to purchase life annuity at retirement
2. Regulation may stipulate whether and how retirement funds may offer in-fund annuities
   - and how risk or income is shared in annuity pools
3. Regulation may permit onl certain types of annuity products for retirement provision
   - to protect retirees from inappropriate products or exploitation
   - annuity product can be regulated to make them more standardised and comparable across providers
4. Regulation with respect to disclosure requirements - detailing how the annuity works and the terms of policies . Contracts
5. Regulation across industry may reduce transaction costs
6. Tax regulation
   - aim to protect the state from tax avoidance or evasion and provide tax relief to retirement individuals
7. Regulation around investment strategies backing annuity products
8. Regulation may restrict certain annuity terms such as a drawdown limits