noun
- plural of annuitisation; the process of converting a lump sum of money (such as a pension pot) into a series of regular payments (an annuity) over a specified period or for life
Usage: chiefly British English; finance and pensions terminology; often used in the context of retirement planning
Examples
- Many retirees are exploring annuitisations as a way to secure guaranteed income for life.
- The pension reform has made annuitisations optional rather than mandatory for most workers.
- Financial advisors often discuss annuitisations versus drawdown strategies with their clients.
- Recent annuitisations have offered lower rates due to increased life expectancy.
- The government's policy changes have reduced the number of annuitisations in recent years.