Renty zmienne jako alternatywne źródło dochodu na starość
Variable Annuities as an Alternative Source of Retirement Income

Summary/Abstract: Because of the dynamic changes taking place in Polish society, and uncertainty about the future of the public pension system, there is room for new financial instruments in the domestic market. Desirable characteristics of modern long-term financial instruments include flexibility, asset protection and a minimum rate of guaranteed returns, and the ability to cater product parameters to individual needs. Popular in western markets, variable annuities with built-in guarantees are one product which meets these criteria. This paper discusses the various guarantees offered with variable annuities and the distinguishing characteristics of the variable annuity. It also analyses the availability of variable annuities in Poland and discusses the most significant barriers to their development in Poland.

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