At Lifetime, we firmly believe all Kiwis deserve to live comfortably in retirement, with the confidence of a steady, reliable income to support their post-work lifestyle.

Our purpose is to develop and deliver innovative, effective, low-cost income solutions retirees can trust. And we do it well. Just ask our clients.

This financial year (12 months to 31 March 2024) our Lifetime Income Fund (LIF) returned 11.6% after fees and taxes (based on the highest PIR of 28%). This was a great result, but only part of the story.

If you’re familiar with what we do, have attended a seminar or workshop, or are a current customer, you’ll have heard us talking about the trickiest puzzle in retirement income planning – specifically, how do you make your money last a lifetime when you don’t know how long that is?

We specialise in solving that puzzle so our customers can focus on enjoying their best lives in retirement.

That means we don’t measure LIF’s success by investment returns alone. The thing we’re most focused on is the stability and reliability of members’ regular retirement income payments.

LIF’s solid performance means investment returns (after tax and fees) have kept pace with income payments. In other words, our customers’ closing balances were higher than their opening balances, even after deducting their tax-paid income payments.

We know how comforting this is to our customers because they tell us:

“I’m just writing to say how much I appreciate your hard work and management of my funds. It’s amazing that I’m drawing down a meaningful income each year, but my fund value increases.  I’m very grateful for your expertise and my regular income which makes a big difference to my life.”

“Thank you for what you do and congratulations on the scheme's performance. As initial investors in Lifetime we are impressed by the management of funds and returns.”

In a nutshell, there are six crucial cogs in the Lifetime Income engine:

This means our clients’ income payments are comprised of a mix of initial capital plus investment returns, in a proportion that ensures sufficient capital remains in their account to generate further returns.

To ensure we have a high degree of confidence of meeting LIF’s return and volatility targets and therefore the consistency of our clients’ income payments, LIF’s asset allocation mix is actively managed daily to minimise the impact of financial market fluctuations.