RT Journal Article
SR Electronic
T1 Practical Applications of “Flexicure” Retirement Solutions: A Part of the Answer to the Pension Crisis?
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 5
DO 10.3905/pa.7.3.359
VO 7
IS 3
A1 Lionel Martellini
A1 Vincent Milhau
A1 John Mulvey
YR 2020
UL https://pm-research.com/content/7/3/1.10.abstract
AB In “Flexicure” Retirement Solutions: A Part of the Answer to the Pension Crisis?, from the July 2019 issue of The Journal of Portfolio Management, authors Lionel Martellini (of EDHEC-Risk Institute), Vincent Milhau (of EDHEC-Risk Institute), and John Mulvey (of Princeton University) introduce a range of goal-based retirement investing strategies that allow for both security and flexibility. They describe such strategies as “flexicure,” a portmanteau of “flexible” and “secure.” The authors also describe how combining bonds, annuities, and equities can lead to improvements in the use of existing multi-asset products for retirement investing. They explain how to apply principles of goal-based investing in the retirement context and highlight the benefits of their strategies.TOPICS: Retirement, portfolio construction, quantitative methods