How to stop your living annuity coming to an end before you do

Retirees make mistake of adjusting income drawdown to inflation not to investment returns.

Many retirees are attracted to living annuities as an option once they retire. Living annuities have many advantages: they offer flexibility of investment choice, you choose how much income you want to draw within certain limits, and your investment can be bequeathed to your beneficiaries on your passing.

However, they offer no longevity protection, and it is not uncommon to read about living annuitants being left destitute and having to rely on the government or family for an income in their old age.

Proceed to Source : BusinessLive

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Rot is killing jobs

The Financial Planning Institute will shed staff through a retrenchment process following the shutdown of its exam unit, which is being investigated because of suspected corruption.

The institution, which is being probed by the Financial Sector Conduct Authority (FSCA), has told its staff that it will be undergoing a retrenchment process.

The institute did not know how many people would lose their jobs. But, it said, the exam section would be closed.

Proceed to Source : Fin24

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