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Government-run annuity scheme proposed
Tuesday 25th of November 2014
Auckland University associate professor Susan St John, co-director of the Retirement Policy and Research Centre, told a forum at the university that the challenge was to design an income supplement that would give retirees of the future some security of income.
She suggested the product be called KiwiSpend, to capitalise on KiwiSaver’s branding familiarity.
For $170,000, it would...
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