Australia is the fourth-largest holder of pension assets globally despite being only the fifty-fifth most populous. Following a govt. ruling that superannuation firms must offer lifetime income pensions, Queensland has done their homework & realised that tontine pensions are the most effective way of helping retirees enjoy lifetime income in retirements.
Following hard on the heels of the OECD recommending that tontine pensions are made mandatory, OECD member Canada is reshaping its pension system. Their planned new tontine pension does what it says on wa Variable payment life annuity, convill be called a Variable Payment Life Annuity, conveniently shortened to VPLA. The VPLA tontine will do exactly what it says on the tin and provide a payment stream that varies based on the performance of the underlying investments and the rate at which members pass away.
TontineTrust is preparing to become one of the first Pan-European low-cost pension providers. We are pioneering the first modern pure 'tontine' pension which adheres to the now OECD recommended model which will "enable higher retirement incomes and significantly mitigate risk for consumers as well as any governmental or corporate sponsors". In March we arranged a webinar to discuss how the advantages of tontines could be introduced to Europe's workplace pensions.
OECD: Tontines offer advantages & they are coming soon
Listen to the Principal Economist & Head of the Private Pension Unit at the OECD talking about the imminent launch of modern tontines