News

Investors accepting need to use capital for income

Thursday 22nd of March 2018

Retirement Income Group, which offers the Lifetime variable annuity product in New Zealand, is nearing its fifth birthday and is expected to have $400 million of funds under management by September.

It offers a product that pays a set percentage of invested capital for life, with an insurance component covering the longevity risk.

Director Tim Paris, a US actuary and chief executi...

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