Increasingly, it is recognized that defined benefit plans are not sustainable, and traditional defined contribution schemes are not properly designed to meet core retirement goals of most individuals. Nobel Laureate Robert C. Merton conducted a live webinar for CFA Institute members and other industry professionals, in which he discussed his research work on applying financial engineering to the design and implementation of a rigorous next-generation solution to the global challenge of retirement finance.

This is an archived version of a presentation given on 10 January 2013.