Abstract: A system and method for managing a retail longevity protection program. The longevity protection managed by the invention includes a single premium annuity combined with a customized loan program designed to pay the required single premium. The loan is paid down by the annuity benefit payments until fully paid off. The longevity protection program provides a stream of payments throughout the life of the program participant without ceding control of the investments and, thus, the investment risk undertaken by the program participant. In the preferred form, the longevity protection program takes the form of a fund rider. In this rider, designated a Lifetime Income Fund Enhancement (“LIFE”) Rider, the program participant selects from his or her existing investment accounts, such as a mutual fund, to which account the participant would like to add longevity protection. In this form, a loan, collateralized by the fund assets, is originated to purchase a single premium annuity.

Abstract: An improved method of funding and delivering benefits to the retired participants of a defined benefit pension plan. The method does this by having the plan purchase cash value life insurance with respect to each retired plan participant, and then entering into separate agreement(s) with institutional third parties to exchange a portion of the future death benefits from those policies for periodic cash payments that could be used to make pension benefit payments to plan participants as they become due. Such modified funding and delivery mechanism could result in significant cost savings to the defined benefit plan as it may be able to deliver more benefits per dollar of contribution to plan assets, thereby improving the financial health and prospects of the defined benefit plan, while also offering sufficient profit potential to other third parties to induce them to play a necessary role in the funding and delivery of plan benefits.

Abstract: Computer technology for substantially optimizing portfolios of multiple participants is disclosed. Preferably the portfolios of such multiple participants comprise fixed income instruments. The disclosed systems and methods include using at least one computer system for storing digital data representing portfolio holdings of multiple parties and, in particular, for each participant storing in the computer memory data representing constraints with respect to the desired portfolio. The method and system comprise optimizing using an optimization engine portfolio and constraint information of multiple participants so as to generate a set of trades that would substantially optimize participants portfolios with respect to a known objective.

Abstract: A data processing system and method for implementing and control of a financial instrument having pre-set maturity that provides efficient exposure to common stock at a reduced risk. In a preferred embodiment, the financial instrument is divided into units, each one consisting of a long-dated Treasury STRIP and the common stock of one company. Over its life term, each unit generates income based on the total return of the underlying common stock and can be created or redeemed at any time. The data processing system receives input from the capital market and evaluates the financial instrument, reporting its price to customers. The system further arranges for periodic distributions according to pre-defined distribution schedule and for the creation and redemption of new units. Also disclosed is a data processing system and method for administering a group of such instruments designed to track the performance of specified equity securities.

Abstract: Computer technology for substantially optimizing portfolios of multiple participants is disclosed. Preferably the portfolios of such multiple participants comprise fixed income instruments. The disclosed systems and methods include using at least one computer system for storing digital data representing portfolio holdings of multiple parties and, in particular, for each participant storing in the computer memory data representing constraints with respect to the desired portfolio. The method and system comprise optimizing using an optimization engine portfolio and constraint information of multiple participants so as to generate a set of trades that would substantially optimize participants portfolios with respect to a known objective.

Abstract: Computer technology for substantially optimizing portfolios of multiple participants is disclosed. Preferably the portfolios of such multiple participants comprise fixed income instruments. The disclosed systems and methods include using at least one computer system for storing digital data representing portfolio holdings of multiple parties and, in particular, for each participant storing in the computer memory data representing constraints with respect to the desired portfolio. The method and system comprise optimizing using an optimization engine portfolio and constraint information of multiple participants so as to generate a set of trades that would substantially optimize participants portfolios with respect to a known objective.