Retirement Investments: High Costs Structures create Low Returns

Retirees find that “nest eggs” in the form of Retirement Annuities were a worthless investment.

Those Retirement Annuities that I subscribed to 40 years ago as an Articled Clerk were supposed to be the “nest egg” that would supplement my work pension. I was gaily promised huge returns. These policies would make the difference between a comfortable and totally carefree retirement.

After 20 years of Debit Orders being processed, I fully expected a sizable investment to have built up. Instead what I found was abysmal returns & an inadequate capital sum. The one policy was growing at 5% at the time in an era where interest rates & inflation were three times that figures.

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