Description: Anna Rappaport provides her usual highly-stimulating and thought-provoking summaries of ideas that she has heard and generated during some of her most recent expeditions to various Conferences, Meetings, Roundtables, Symposia and Retreats that deal with a wide variety of retirement and old age security related issues.

Description: The speaker will share his insights into the hedging challenges faced by FIA and VA business in the current market environment.

Description: 'This paper takes a fresh look at the historical record of the most popular financial planning device retirees encounter, the 4% rule.' From the 2011 Enterprise Risk Management Symposium, March 2011.

Description: The authors of this report have identified three key corporate finance metrics and measures impacted by corporate pension plans that are increasingly being used by corporate decision-makers. The first is corporate leverage. The second is accounting adjustments made by rating agencies to income statements and cash flow statements. The third is the weighted average cost of capital (WACC) where it is felt that the calculation of the WACC from market data may be biased if corporate pension plans are ignored.

Description: This research report summarizes current research on retirement adequacy and compares different measures.

Description: Many retirement actuaries have experience developing, implementing, and monitoring Liability Driven Investing (LDI) strategies for plan sponsors. These strategies typically involve modifying a plan’s investment strategy to remove a significant portion of the investment and interest rate risk now or at some point in the future when specific triggers are met. The tactics often involve the use of fixed income assets to cash flow and/or duration match the liabilities. In the spirit of helping actuaries expand their roles in an evolving defined contribution world, this article explores the application of LDI and derisking strategies within defined contribution and individual retirement accounts. The economic theory behind this approach is called the lifecycle hypothesis, or lifecycle finance. The benefits of the lifecycle finance method are that it provides a safe approach to save for retirement and a secure source of floor income during retirement. Similar to pension plans, each individual has his or her own idiosyncratic needs, wants, and risks that should be considered. Actuaries are uniquely situated to help defined contribution plan sponsors, individuals, and even themselves implement the lifecycle finance approach by developing and distributing tools and methods that focus on income (rather than wealth), LDI strategies, and personalization.

Description: An overview of the evolution of equity-based guarantees (e.g. VA, FIA, etc.) over the last few years and discussion the current lay of the land as it relates to the regulatory, issues, capital markets environment in which these products are offered.

Description: The author incorporates inflation-indexed bonds into the retiree asset allocation problem and illustrates how Liability Driven Investing LDI can be applied to individual investors. From the 2011 Enterprise Risk Management Symposium, March 2011.

Description: This article looks at the risk of investing in stocks by using traditional actuarial tools, such as measuring the probability of ruin. From Pension Section News, September 2004, Issue No. 56.

Description: The SOA is pleased to make available a series of reports highlighting the SOA's extensive boy of research on post-retirement risks and issues.