European Pensions Magazine: Tontines - Back to the future

European Pensions Magazine: Tontines - Back to the future
Tontines were wildly popular in the 18th and 19th centuries but their status suffered at the hands of fraudulent life insurers. Natalie Tuck explores whether tontines have a place within a modern European pensions system

Excerpt: As a retirement product, tontines are a rare sight in the 21st century but references to their existence remain in many a mid-20th century murder novel.

The likes of Agatha Christie, P.G Wodehouse, Robert Louis Stevenson and even The Simpsons have all made use of the tontine in the name of entertainment. Such references are caricature-like, based on a bygone era, but the age-old product is about to make a comeback.

Read the full report [here].(https://www.europeanpensions.net/ep/images/Q4_EP_Tontines_feature.pdf)

Excerpt: As a retirement product, tontines are a rare sight in the 21st century but references to their existence remain in many a mid-20th century murder novel.

The likes of Agatha Christie, P.G Wodehouse, Robert Louis Stevenson and even The Simpsons have all made use of the tontine in the name of entertainment. Such references are caricature-like, based on a bygone era, but the age-old product is about to make a comeback.

The concept of a retirement tontine is simple; a group of people pool their assets together and receive a sum of money paid to them for the rest of their lives.

Whenever someone in that group dies, the remaining members benefit from a share of the deceased member’s assets.

, by Natalie Tuck, Editor: European Pensions Magazine
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