In living annuities, high costs can outweigh benefit of flexibility

03 November 2019 - 00:17 By PATRICIA HOLBURN

Investment-linked living annuities are popular among retirees, who invested R58.5bn in these pension plans for the year to June last year.

In comparison, a paltry R5.8bn was invested in conventional annuities that guarantee a pension for life, according to the Association for Savings & Investments...

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