YOUR MONEY: Guaranteed pensions vs living annuities: what to pick

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business Business Headlines News

Investment and retirement planning specialist Craig Gradidge guides a reader through the issues that will affect his decision.

The choice between a guaranteed annuity and a living annuity typically comes down to the requirements and circumstances of the individual investorIndividual needs are key when retirees weigh where to put their pension savings.

Guaranteed rates have finally started trending higher, market returns have been low since September 2014, and retirees are living longer In the past two decades there has been a significant move to living annuities, and by the end of 2016 90% of flows went in that direction. It appears this trend is reversing, with an estimated 20%-30% of flows in 2020 going to guaranteed annuities. This makes sense, since guaranteed rates have finally started trending higher, market returns have been low since September 2014, and retirees are living longer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Battle of the retail giants: Woolworths vs Shoprite vs Pick n Pay vs Spar vs MassmartBusinessTech looked at the most recent annual financial reports and compared the country’s five biggest listed retailers on 10 key metrics – from financial performance to investment and reach.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

How do you decide between retirement income options in the retail market? Part 3[ADVISOR VIEW] Braam Bredenkamp from GraySwanZa elaborates on the hybrid annuity option. Moneyweb Retirement
Source: Moneyweb - 🏆 5. / 77 Read more »