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Define
Definitions for
"Allocated annuity"
Keywords:
superannuation
,
stream
,
super
,
pension
,
life
An investment offered by a life insurance company using superannuation money to provide a flexible, regular income that allows access to capital. (see also Allocated income stream products–the basics)
facs.gov.au
A superannuation income stream similar to an allocated pension but offered by a life office, rather than paid from a super fund.
advance.com.au