When you're saving for retirement and investment markets are volatile, the ups and downs in your retirement savings may affect you psychologically, but they don't immediately affect your lifestyle.  However, when you're in retirement drawing an income from a living annuity, it's a different story. Your income is subject to that volatility. You need to invest in equities to get sufficient growth to see you through potentially many years in retirement — but how to generate a reliable, consistent income from your investments when they are volatile is a dilemma. The investment industry and advisers are, however, beginning to focus on strategies to help retirees who are drawing a pension from their investments. At the Investment Forum conferences held this week in Cape Town and Sandton, two managers addressed the issue and a new retirement income qualification for advisers is under development. Marc Thomas, head of marketing and distribution at Bridge Fund Managers, says managing your mo...

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