Australia is currently in the lowest interest rate environment in its history, with the official cash rate now at 1 per cent per annum and 10-year government bond yields trading very close to this level.
10-year government bond rates are an important indicator for retirees, setting the benchmark for all fixed-interest investments and providing a hint of the reward you will get for tying up your money for a whole decade. Jeremy Cooper, chairman, retirement income, at Challenger says the challenge for retirees is converting retirement savings into regular income that lasts for life. Put simply, the low rates means […]
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