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Give tax break to retirement income products: Stewart

Monday 4th of May 2015

As Britain steps back from compulsory annuitisation, Australia is pondering forcing retirees to purchase retirement income products.

Concerns about rising life expectancy across the ditch have prompted the Financial System Inquiry, headed by David Murray, to suggest pension-holders should be forced to convert some or all of their savings to a guaranteed income.

Ralph Stewart, of N...

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