ABOUT OUR LIFETIME INCOME PRODUCTS

Our Tontine Pensions will provide safe Lifetime Incomes which can be expected to rise over time at a very low cost for members

A Tontine is like a mutual society
where profits go to the pensioners
rather than to shareholders
of an insurance company

A Tontine is a 366 year old lifetime income product which was so popular that it dominated the US insurance industry & increased the savings rate so effectively that over 50% of all households saved into a Tontine Pension.

In 1906, new US regulations severely restricted the profitability of these blockbuster products, removing the incentives for insurance companies to continue offering them, even on a low cost basis.

Fast forward to 2019 where 80% of the money in the world belongs
to people over 60 and their greatest fears in retirement are that:

#1: With advances in human longevity, they will now live so long
that they will run out of money, &

#2: That if & when long term care is needed, they will not have
a long term income stream to be able to continue paying for it.

For these reasons, 84% of savers are interested in lifetime income
products which offer longevity protection however existing products
are so hated that only 1 in 6 savers purchases a solution leaving
5 out of 6 savers unprotected & trillions of dollars of unsatisfied
demand each year.

Since 2017, we have been preparing to launch a patent pending fintech platform which will offer low cost modern lifetime income products based upon the popular Tontine Pension model & with the monthly payouts benefitting from Nobel Prize Winning Research.

Industry Research shows why our Tontine Pensions
will provide the "Perfect" solution:

The Asia Retirement Income Report (2017) : "the ‘perfect’…product is likely to have…":

A Lifelong Income

Monthly payouts commence at retirement age & continue for as long as each of the 10,000 same-age, same-gender members stays alive up until age 120+ if needed.

Members contribute any amount they can afford to invest in the Tontine, their payouts are proportional to the amount of capital paid in.

The Capital Is Safe

The capital of the tontines is held in trust for the members & invested in a globally diversified portfolio of low cost ETFs & other suitable pension fund assets.

This means that the capital is safer than if it is loaned to one of the large insurance companies which by their nature carry very high liabilities.

The Income Increases

When members pass away, their capital stays in the pool, enabling future payouts for remaining members to increase over time.

Payouts are likely to increase faster than inflation, particularly in later years.

The Fees Are Very Low

Unlike some Annuities that charge 30% fees up front & 3-5% per year expense ratios, our Tontine Pensions will cost only 1% per year.

By reducing the fees charged to members, our Tontines offer far better value for money resulting in starting monthly payouts than can be up to 40% higher than annuity products even before mortality credits.

ONE PLATFORM - A WORLD OF USE CASES

Our platform model is to align with partners across the globe to help many consumer segments

Retiring Baby Boomers
Facing Uncertain Longevity

Worrying about every penny you spend each day affects your happiness, decision-making & often leads to poor health choices.

Having a tontine style lifelong income stream means that you can be more productive & are now financially incentivised to take better care of your health.

Micro Pensions &
the Unbanked

In markets with no established savings or pension systems we will offer a secure leapfrog solution enabling a trusted nationwide savings system to be accessed even in rural settings.

Savers need only know someone with a smartphone in order to be able to register a savings or pension account.

Millenials &
Gig Economy Workers

Millenials are sceptical of the benefits of pensions overall & are generally more interested in flexible & transparent financial solutions.

Our DIY pensions incentivise saving by showing the substantial gamefied rewards for saving into a Tontine & transparently show the assets & calculations underlying all projected future payouts.

Islamic Finance &
Takaful Insurance

Islamic Finance &
Takaful Insurance

Other lifetime income products such as annuities offer guaranteed payments by one party which are contrary to the risk sharing principles of Shariah Finance.

Tontine Pensions are shariah compliant by nature based upon the risk sharing principle as long as the underlying investments of the tontine are selected to be shariah compliant also.

WHY PEOPLE LOVE TONTINES

Tontines historically outsell annuities 5 to 1 simply because they pay so much more & reward healthy living.
The following examples are estimated upon a 65 year male resident in the UK

TontineTrust

Returns are probabilistic based upon mortality rates & investment returns

Buy A Growth Annuity

Offers a "guaranteed" rate annuity plus
a 3% p.a. payout escalation

Buy A Fixed Annuity

Offers a "guaranteed" payout rate but which
is not indexed to inflation

20 Year Cash Drawdown

The cash balance is drawn down over 20 years
at current interest rates

Expected Monthly Income from an investment
of £1m at 65 years old

NOTABLE ENDORSEMENTS

Tontines continue to receive endorsements from Financial Scholars,
Universities, Financial Institutions & the Financial Media

Quotation Marks A Tontine resembles a simple low-fee annuity with lifetime payments. Yet unlike an annuity….a Tontine can pay a higher yield because of its relative simplicity of structure.

Prof. Moshe Milevsky

As quoted in The New York Times

Quotation Marks Although annuities offer a guaranteed lifetime income, they are relatively expensive because their issuers must hold a large capital buffer. Retired people tend not to like them as they pay a low rate. Tontines are simple to understand and could be much less costly than annuities because the risks are not taken onto the balance-sheet of an insurer. Quotation Marks

The Economist Magazine

Quotation Marks Considered as a financial innovation, [the tontine] was very successful. Considered as insurance, it was actuarially sound. Considered as a gamble, it was a fair bet in as much as there was no percentage for the house beyond a charge to cover administrative costs. Considered as a life-cycle asset, it proved to be an excellent investment, earning a rate of return substantially in excess of that generally available on other assets. Quotation Marks

Prof R L Ransom &
Prof R Sutch

The Journal of Economic History,
Cambridge University Press

Quotation Marks Tontines pose less risk to members than conventional annuities since there is no contractual obligation on payout, no counter-party risk and no need for insurance-company reserves

Edward Chancellor

The Spectator Magazine

Quotation Marks Blockchain is the new technology of Trust

Goldman Sachs

Quotation Marks Within 20 years, financial services will be just software and smart contracts in particular will automate what institutions and people handle today.

Caitlin Long

Chairman, Symbiont

Quotation Marks The Tontine: A 17th Century Solution to a 21st Century Problem…….. What is insurance except a pool of people coming together to share risks? What better product for our era than a crowd-sourced, peer-to-peer, sharing economy life insurance solution.

Huffington Post

Quotation Marks You get thrown 30-, 40-, 50-page documents explaining some kind of annuity using this particular background, and 12 different kinds of investments that feed into it, and your eyes gloss. By comparison…the tontine is unbelievably simple — you can explain it in two pages.

Kent McKeever

Tontine Historian at Columbia Law School

Quotation Marks A trust and efficiency engine like blockchain technology has the potential to drive radical change in the insurance industry while improving transparency and outcomes across the entire value chain… Failure to act may consign many large players to the continuing trust deficit or, worse, irrelevance. Quotation Marks