Lifetime's annuity depends on high sharemarket returns
While 10% reflects the long-term historic returns of the US sharemarket, stocks today are much more expensive.
Brent Sheather
Sun, 10 Mar 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
While the annuity market is huge in the US and UK, it was non-existent in New Zealand until recently.
In 2013, former ACC chief executive Ralph Stewart established Lifetime Retirement Income, whose directors include Sir Michael Cullen and former Retirement Commissioner Dame Diana Crossan. As at
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Brent Sheather
Sun, 10 Mar 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
