[Weekly Wrap] Super savings debate
It suggested they could be directed to annuities - a product that has become so unpopular with New Zealanders that it has vanished from the market. This would help them keep the money flowing over the course of their retired lives, it suggested.
But it seems to me that what people in these situations need is good advice rather than a product as structured as an annuity.
These products have been unsuccessful for New Zealanders and while they do mean that people can just make a decision and forget about it, they don't work well for everyone wanting retirement income.
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