Transaction costs incurred within rebalancing strategies, can result in a material drag on performance.

Driven by the G20 and the Financial Stability Board, major initiatives are under way to reform interest rate benchmarks and move away from Interbank Offered Rates (IBOR) to overnight near risk-free rates.

Women face unique obstacles in securing the necessary roadmap for retirement. But there is reason to be optimistic that, through innovative technology and an industry aware of women’s purchasing power, more resources are becoming available to help them chart their financial futures.

This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.

Variable annuity (VA) guarantees are generally perceived by market participants as extremely risky products with significant market exposure. While companies have had tremendous success in managing this risk primarily via hedging, market participants have not fully appreciated such risk management techniques. This article attempts to illustrate that hedging VA guarantees can smooth company earnings.

See how Milliman’s innovative hedging solutions have helped clients weather two global recessions.

Innovation in financial services should consider asset security and be rigorously tested.