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Retirement Income Group expects profit this year

Tuesday 2nd of July 2019

Founder and managing director Ralph Stewart said the variable annuity provider had sought a minimum of $3.5 million and a maximum $4.5m.

By Monday it had raised 111% of the minimum and 86% of the maximum.

Almost three-quarters of the amount sought was already pledged before capital-raising opened: Oriens Capital is taking up its right to invest another $2m. Stewart’s famil...

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