"CFOs should consider undertaking the preparation work for an annuitization strategy, which will allow their firm to react quickly when market conditions are favorable. Preparation typically comprises: [1] Quantifying costs and financial impact ... [2] Identifying an acceptable level of costs and financial impact ... [3] Obtaining the necessary internal approvals for action ... [4] Monitoring the environment so opportunities are not missed ... [5] Implementing a strategy when appropriate."  MORE >>