Retirement Commissioner to look at annuities, low interest rates in policy review

Mon, 01 Feb 2016

By Paul McBeth Feb. 2 (BusinessDesk) - Commerce Minister Paul Goldsmith wants the Retirement Commissioner to look at how retirees manage their assets using products such as annuities and reverse mortgages, and in a low interest rate environment. The terms of reference for the three-yearly review of retirement income policy due this year were today tabled in Parliament, and show several new additions from the 2013 review. They include how retirees manage their private savings assets, through withdrawal patterns, the development and use of...

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