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Structural problems with retirement products

Thursday 5th of April 2012

Mercer has been researching New Zealanders' retirement expectations, and has found the average person will need to spend $40,000 per year post retirement to maintain their desired standard of living, while 20% expect to need $50,000 a year to live on after retiring.

Martin Lewington, head of Mercer in New Zealand, said advisers will play a crucial role in helping people work out how much...

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