
MallowStreet.com: Are tontines the solution to the decumulation conundrum?
Catherine Donnelly, associate professor at Heriot-Watt University and a fellow at the Institute and Faculty of Actuaries, is a proponent of the vehicles. âAnyone who works on them says, âWhy wouldnât you be offering them?ââ she says. Tontines address the issue of people not knowing when they will die whilst also not being interested in buying annuities â something referred to as the âannuity puzzleâ, says Donnelly.