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
Individuals preparing for retirement are currently left with an unsatisfactory choice between se ...
Author(s):
Lionel Martellini, Vincent Milhau, John Mulvey
Summary:
The Journal of Portfolio Management, Volume 45, Number 5, July 2019
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 balanced 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 customized mandates or private banking services, which suggests that these flexicure retirement solutions can be used as part of the solution to the global pension crisis.
| Type : | Academic Publication |
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| Date : | 18/07/2019 |
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
