Empowering Kiwi Retirement: Lifetime Retirement Income’s Path to Financial Security Best Retirement Wealth Management Firm 2024 - New Zealand Lifetime Retirement Income (Lifetime) is a luminary in New Zealand’s retirement income arena. With a diverse portfolio boasting over a billion NZD in funds under management and a loyal clientele exceeding 16,000, it is deeply committed to empowering retirees to maximise their post-work lives. Lifetime offers an array of innovative solutions that allow Kiwis to embark on their retirement journey with confidence, security, and peace of mind. New Zealanders benefit from a universal government-funded pension, New Zealand Superannuation (NZ Super), which plays a pivotal role in Kiwi retirees’ post-work income. Yet, despite its importance, NZ Super rarely covers all of retirees’ day-today expenses, leading to what is commonly referred to as the “retirement income gap.” This disparity has become even more acute amid spiralling living costs, meaning the need for supplementary income solutions tailored to the unique needs and circumstances of individual retirees has never been more pressing. Enter Lifetime Retirement Income. Lifetime’s guiding mission is simple - to bridge the retirement income gap and foster worryfree living for senior Kiwis. Central to this mission is the development of a suite of pioneering solutions and services that not only address the immediate financial needs of retirees but also provide a sustainable source of income throughout retirement. At the forefront of its offerings is Lifetime Home, slated for launch in early 2024. This innovative product represents a paradigm shift in how retired homeowners across New Zealand can access the wealth tied up in their homes. By providing a simple and secure means to receive regular income payments based on a portion of their home’s value, Lifetime Home offers retirees the opportunity to augment their retirement income without the need to sell their home or incur debt. The launch of Lifetime Home represents a significant milestone in Lifetime Retirement Income’s journey to empower Kiwis in retirement. As the country’s first and only debt-free home equity release product, Lifetime Home provides retirees with a reliable source of supplementary income, allowing them to enjoy a comfortable, choice-filled lifestyle without compromising on the security of homeownership. Lifetime’s commitment to deciphering the complex equations at the root of retirement income planning is further exemplified by its Lifetime Income Projection tool, a revolutionary product launched in January 2022. Lifetime Income Projection turns the highly technical, yet fundamental disciplines and principles underpinning all retirement income calculations into a simple tool accessible to all retirees. Drawing upon core concepts devised by the New Zealand Society of Actuaries (NZSOA), this innovative resource empowers individuals to calculate their own retirement income with ease and accuracy. By integrating essential variables such as investment returns, mortality assumptions, and personal demographics, Lifetime Income Projection enables retirees to craft personalised retirement income plans tailored to their unique circumstances. Complementing the Lifetime Income Projection tool is the flagship Lifetime Retirement Income Fund, a comprehensive solution designed to manage investment assets, distribute income, and safeguard capital throughout retirement. By bridging the gap between theory and practice, this integrated approach revolutionises the way individuals plan for their financial future, offering retirees unparalleled confidence and security. Chelsea Devlin, Lifetime’s Chief Marketing Officer, conveys the company’s unwavering commitment to retirees’ financial well-being: “Lifetime is dedicated to providing retirees with peace of mind and confidence in their financial future. Our team of industry experts is passionate about helping our customers navigate retirement with ease and security.” Lifetime’s dedication to innovation extends beyond product development to encompass a holistic approach to retirement income planning. By offering personalised solutions tailored to individual needs and circumstances, Lifetime Retirement Income ensures that retirees can navigate the complexities of retirement with confidence and peace of mind. Lifetime Retirement Income’s combination of market-leading products and services and a team of enthusiastic professionals unified in their unwavering commitment to deliver for customers has positioned it as New Zealand’s premier retirement wealth manager. With a focus on excellence and innovation, Lifetime continues to redefine
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