Retirees love a guaranteed income: So why do they shun annuities?

Retirees love a guaranteed income: So why do they shun annuities?

Many people have a life-time income in retirement on their bucket list. Yet few do so, a state of affairs that might be changing as the 2022 Retirement Income Covenant requires super funds to pay closer attention to members either approaching or in retirement.

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“Tis said that persons living on annuities are longer lived than others – God knows why, Unless to plague the grantors – yet so true it is That some, I really think, do never die.” Lord Byron may have over-estimated annuities’ effect on longevity, but as a notoriously profligate spender he would have […]

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