Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
By Targeted News Service
ALEXANDRIA, Va., Dec. 24 -- Swiss Reinsurance, Zurich, has been assigned a patent (8,335,710) developed by Richard Pennay, New York, for "unidirectionally protected, fully automated asset allocation and asset monitoring apparatuses, and a corresponding method."
The abstract of the patent published by the U.S. Patent and Trademark Office states: "A computer-aided asset allocation and asset monitoring apparatus comprising a unidirectional, data-protected control signal apparatus, in which data from locally arranged, protected databases can be transferred via a network to the asset allocation and asset monitoring apparatus and can be evaluated and in which electronic control signals and/or control data can be transmitted to at least one authorized receiver station."
The patent application was filed on June 30, 2008 (12/165,535). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=83,35,710.PN.&OS=PN/83,35,710&RS=PN/83,35,710
Written by Amal Ahmed; edited by Jaya Anand.