"A variable benefit also carries risks. If the returns are disappointing, you can not share the risks with the total fund population, as is the case when you purchase a fixed benefit from the funds’ collective. Ortec Finance’s calculations show that a variable retirement benefit is less stable than a …

“For this purpose, Ortec Finance developed a new product: a financial planning tool which allows you to calculate the client’s income, see what is the remaining net sum, etc. That makes it a completely different package from OPAL, or the ALM analyses that we are already using. It is intended …