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Mr. Devine estimated Prudential's current return on equity at 8percentt.
"Massive trust issues" prevent a current return, though not a future one.
He described the current return as "a flow, not a flood".
Inevitably, this has led to overoptimism; the current return assumptions are around 7.5-8 7.5-8%
The past return figures used to justify current return assumptions often start in the early 1980s.
Instead, he shows clients portfolio simulations so they can see what the current return rates mean for the future.
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Then the current returns.
Investors should beware of funds offering the very highest current returns, experts also said.
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