MG Advisory to Offer Managed Accounts on ExpertPlan Platform

MG Advisory Services, a wholly owned subsidiary of Matrix Settlement&Clearance Services (Matrix), has announced an alliance with ExpertPlan that will make MG Advisory's Individually Managed Account (IMA) product available on the ExpertPlan platform.

Through the alliance, money managers from firms such as Flexible Plan, Portfolio Strategies, CLS Investment, and Legend Advisory will now be available to ExpertPlan participants as part of their retirement package options.

The IMA product is designed for its recordkeeping customers who have their own recordkeeping systems and clear mutual fund trades with Matrix but, now that is it available through ExpertPlan’s private-label platform, MG Advisory’s IMAs are available to TPAs regardless if they own a system or clear through Matrix.

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JP Morgan Releases Longevity Risk Index

JPMorgan has released its LifeMetrics Index, part of a LifeMetrics platform aimed at measuring and managing both longevity and mortality exposure.

The Index is designed to benchmark and trade longevity risk and is calculated by an independent calculation agent. It will be governed by an international advisory committee including experts from different organizations.

The index incorporates historical and current statistics on mortality rates and life expectancy across genders, ages and nationalities. The index is available for the U.S., England and Wales.

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According to a press announcement, the new index is designed to create securities, derivatives and other structured products. LifeMetrics will enable pension plans to calibrate and hedge the risk associated with the longevity of their beneficiaries, the bank said.

The LifeMetrics platform, developed with advisers Watson Wyatt in the U.K. and U.S. and the Pensions Institute at Cass Business School, will also provide clients with a framework to manage longevity risk that includes analytics and software to model current exposure and forecast future exposure, the announcement said.

More information is available at www.jpmorgan.com/lifemetrics.

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