{"id":51858,"date":"2025-09-30T10:36:06","date_gmt":"2025-09-30T10:36:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/51858\/"},"modified":"2025-09-30T10:36:06","modified_gmt":"2025-09-30T10:36:06","slug":"retirees-flock-to-annuity-for-lifelong-payout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/51858\/","title":{"rendered":"Retirees flock to annuity for lifelong payout"},"content":{"rendered":"<p>                            Retirees are shifting from programmed withdrawal to annuities, prioritising the guaranteed lifetime payout they offer.<\/p>\n<p>Retiree annuity hit a record high in uptake in the first quarter (Q1) 2025, surpassing programmed withdrawal for the first time since the Pension Reform of 2004.<\/p>\n<p>The shift reflects that retirees are increasing prioritising long-term financial security through annuities, which align with rising life expectancy, according to industry experts.<\/p>\n<p>The National Pension Commission (PenCom)\u2019s Q1 2025 report of retirement options<\/p>\n<p>\n                                Retirees are shifting from programmed withdrawal to annuities, prioritising the guaranteed lifetime payout they offer.&#13;<br \/>\n&#13;<br \/>\nRetiree annuity hit a record high in uptake in the first quarter (Q1) 2025, surpassing programmed withdrawal for the first time since the Pension Reform of 2004.&#13;<br \/>\n&#13;<br \/>\nThe shift reflects that retirees are increasing prioritising long-term financial security through annuities, which align with rising life expectancy, according to industry experts.&#13;<br \/>\n&#13;<br \/>\nThe National Pension Commission (PenCom)\u2019s Q1 2025 report of retirement options                            <\/p>\n","protected":false},"excerpt":{"rendered":"Retirees are shifting from programmed withdrawal to annuities, prioritising the guaranteed lifetime payout they offer. Retiree annuity hit&hellip;\n","protected":false},"author":2,"featured_media":51859,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":["post-51858","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/51858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=51858"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/51858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/51859"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=51858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=51858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=51858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}