Products July 6, 2010

OvaCurrus Announces New Strategy for Lifetime Income

July 6, 2010 (PLANSPONSOR.com) - OvaCurrus LLC, a product design and strategy consulting firm, announced a methodology to deliver sustainable, inflation adjusted, lifetime retirement income for 401(k) and IRA participants in a mutual fund or collective trust environment.
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LISA (Lifetime Income Stream Accounts) does not rely on any insurance company or other investment products, according to a press release. Ronald Smith, FSA, founder of OvaCurrus, said the new strategy avoids the problems of participants giving up control of assets and sponsors’ fiduciary worries in picking an income product provider.  

LISA provides a “custom fit,” taking into account all sources of retirement income such as Social Security, pensions and qualified and nonqualified assets, according to Smith.  

OvaCurrus plans to license LISA to the financial services industry and cannot disclose many of its features yet. The announcement also said LISA meets the Department of Labor’s Qualified Default Investment Alternative (QDIA) requirements.  

More about OvaCurrus is at http://www.OvaCurrus.com.

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