Variable annuities suffer from a number of fatal flaws, Edhec

Variable annuities are structured products with all the pros and cons associated, said Lionel Martellini ( pictured ), PhD, professor of finance, Edhec Business School, during the New Frontiers in Retirement Solutions speech at the Edhec Risk Days 2016, in London on March 16. According to Martellini, variable annuities are the insurers' response to the dilemma that households are left with when they have to choose between, "certain failures with annuities - which do not have an upside - to secu