On 12 July 2013, the Organisation for Economic Co-operation and Development published its work programme for 2013 to 2014. This included an outline of its project on annuity products, which aims to improve understanding of difficulties facing annuity markets. Key focuses of the project include (a) examining different kinds of annuity products and the nature of the guarantees involved, (b) identifying exposures and costs for insurers and consumers under such products and (c) understanding the regulatory framework for, and insurer risk management of, such products.