News

New Zealand lagging on decumulation options

Friday 28th of August 2015

David Harris, managing director of UK-based consulting firm TOR Financial, addressed the University of Auckland Retirement Policy and Research Centre yesterday.

He said New Zealand was out of step internationally and the Government needed to take the lead on developing more retirement income options, such as annuities, to help people decumulate.

He said without options people woul...

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