Tontines offer a shared or pooled type of annuity that increases for those who live longer. iStock Those who are just embarking on the retirement journey – or contemplating it in the near future – are no doubt familiar with the attendant anxieties. In the absence of an inflation-indexed Defined Benefit pension plan, the good news of rising longevity can be a two-edged sword. And as turbulent markets in the first quarter of 2018 have harshly reminded us, Defined Contribution pensions, RRSPs and RRIFs that rise and fall with the stock market are no substitute for a “real” pension.
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