Research and publications

"Flexicure" Retirement Solutions: A Part of the Answer to the Pensions Crisis?"


The Journal of Portfolio Management, Volume 45, Number 5, July 2019 
 

Author(s) :

Lionel Martellini, Vincent Milhau, John Mulvey

Summary :


The Journal of Portfolio Management, Volume 45, Number 5, July 2019 
 

Type : Academic Publication
Date : 18/07/2019
Keywords :

Individuals preparing for retirement are currently left with an unsatisfactory choice between security with no flexibility with annuity products, and flexibility without security with investment products such as balance funds or target date funds. To get out of this impasse, the authors introduce a range of flexicure retirement goal-based investing strategies that offer both security and flexibility with respect to the objective of generating replacement income in decumulation. Recent advances in financial engineering and digital technologies make it possible to apply goal-based investing principles to a much broader population of investors than the few traditional clients who can afford cutomized mandates of private banking services, which suggests that these flexicure retirement solutions can be use as part of the solution to the global pension crisis.

You can access here the paper "Flexicure" Retirement Solutions: A Part of the Answer to the Pensions Crisis?"