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Support for guarantee proposal
Monday 21st of July 2014
The FSC wants them as an option for people who are close to withdrawing money for a home, or retirement, to allow them to move out of conservative funds.
“We asked Infometrics to calculate the cost of guarantees that would ensure someone who was defaulted into a balanced or growth fund was protected against a major financial market downturn, especially when close to either retiring or wi...
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