Struggling asset markets mean they build up a smaller pension pot; low bond yields mean the annuity income from that pot is lower.

糟糕的资产市场意味着他们建立的养老金规模较小，债券收益较低意味着该规模的养老金保险收入更低。

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An enterprise annuity fund may conduct bond transactions and settlement either by itself or by entrusting a settlement agent.

企业年金基金可直接进行债券交易和结算，也可通过结算代理人进行债券交易和结算。

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As a result a bond's interest payments form an ordinary annuity for the life of the bond.

由于债券的利息支付形式普通年金生活的纽带。

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In this scenario, the bond annuity would provide a known (and risk-free) payout until age 100.

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Insurance companies with big variable annuity books may drop their annual guaranteed rates, but their bond portfolios will appreciate.

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