“This is forcing a major reassessment of how much money/income pensioners need in retirement,” the authors note.
07/08/2012
The Age of Income, Greenwich Associates, capital appreciation, Chris McNickle, Fidelity Worldwide Investment, income-generating assets, investment income
Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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