Description

Tontines, an ancient form of mutual longevity insurance, could be making a comeback as the number of supporters is growing. Are tontines the answer to the pension world’s prayers or simply outdated? 
 

Defined contribution is still a great experiment; while the accumulation phase of DC has now been dealt with at a basic level through auto-enrolment, decumulation still offers no solution that meets what members keep saying they want – a stable income at an affordable price. Could tontines be the answer to DC members’ problems?

Period3 Sep 2020

Media contributions

1

Media contributions

  • TitleAre tontines the solution to the decumulation conundrum?
    Degree of recognitionInternational
    Media name/outletMallowstreet
    Media typeWeb
    Duration/Length/Size8 minute read
    CountryUnited Kingdom
    Date3/09/20
    DescriptionTontines, an ancient form of mutual longevity insurance, could be making a comeback as the number of supporters is growing. Are tontines the answer to the pension world’s prayers or simply outdated?

    Defined contribution is still a great experiment; while the accumulation phase of DC has now been dealt with at a basic level through auto-enrolment, decumulation still offers no solution that meets what members keep saying they want – a stable income at an affordable price. Could tontines be the answer to DC members’ problems?
    Producer/AuthorSandra Wolf
    URLhttps://www.mallowstreet.com/Article/b53297
    PersonsCatherine Donnelly