Retirement portfolios are riskier today than before the GFC

Jason Teh | Vertium Asset Management  | 21 August 2019 | 0.50 CE

Prior to the GFC, you could build a retirement portfolio on the back of a 7% yield, virtually risk free. Today, without that free kick, a 7% yield is a much harder job, especially from a risk-budgeting perspective. As an industry, we have developed new product in the equity space to better deal with decumulation needs, but the variance in risk results implies no...

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