EUROPE - The best investment strategy in retirement is to hold a significant proportion of pension assets in equity early on in retirement and to switch progressively to bond holdings and annuities over time, a report commissioned by the European Fund and Asset Management Association shows.
The report - prepared by Professor Raimond Maurer and Barbara Somova of Goethe University in Frankfurt, Germany - also found that the requirement to convert accumulated pension assets in an annuity...
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