STEPHEN CRANSTON: Hybrid model a compelling way to finance longer retirements
When I saw the headline "Anderson conquers Berlin", I thought it might be referring to a comeback by the great US opera singer June Anderson. But it was referring to a paper by John Anderson, which was a hit with the German pension industry. I can’t keep up with Anderson’s titles at Alexander Forbes, but I think he is in charge of what they call "special projects". Forbes being Forbes, this is another variation of sales. Like June, John Anderson would be a hit at Covent Garden, but in his case it would be selling cabbages at the vegetable market. Anderson wrote the paper with the catchy title The Retirement Income Frontier and its Application in Constructing Investment Strategies at Retirement. His co-author is Steven Empedocles, a Greek actuary who works close to the Cape Town docks in a Polish start-up called Sygnia. Like most actuaries he tries to spice things up with references to Monte Carlo simulations. This has nothing to do with Grace Kelly and Cary Grant’s stunt doubles in ...
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