Great to see EDHEC pick up on my recent post on Target Date Funds (Life Cycle Funds). Monkey Claw – be careful what you wish for.
I have considerable appreciation for EDHEC’s approach to applying goal-based investing principles to the retirement problem. This makes a lot of sense given my insurance (liability backing) investing background.
Their focus on the need for more robust retirement solutions based on Goal Based Investing is so critical.
EDHEC’s and the thoughts of Professor Robert Merton, as outlined in my previous Posts of focusing on income and the volatility of income, are important concepts that will have an immediate and lasting contribution and impact on the ongoing shape of retirement solutions.
As EDHEC outlines, we need investment solutions that provide the certainty of Annuities but with more flexibility. This is the industry challenge.
EDHEC’s and Merton’s work, analysis, and insights have an important and fundamental contribution to the building of more robust retirement solutions that should be considered by anyone working in this area.
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