A new era for Tontines The classical way to secure an income that you cannot outlive, updated for modern lifestyles.
Don’t let your pension run out of money
the regulator must prioritise research around investment decisions made by drawdown investors. Otherwise, we’re likely to see a lot of people running out of money in later life.
Even Rich Retirees Fear Outliving Their Money
Retirees worry they will live too long to enjoy their money.
Americans are more scared of going broke in retirement than death
64% of respondents across generations said they are more stressed about running out of funds in their golden years than the prospect of death
Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke
Even boomers who have retired with at least six figures in savings are feeling the pinch.
With baby boomers afraid to spend down their retirement savings, new thinking was required.
Death pools can bring financial security for the long-lived
Academics, as well as some asset managers and actuaries, think that an adapted form of tontine might be just the product to provide insurance against the risk of outliving one’s savings, an issue with which retirement planners, corporations and governments around the world are struggling to cope.
Tontines: not such a murderous idea
They are not so different to annuities, except a saver rather than an insurer benefits from residual capital. Time to give tontines a reboot.
Executive Order 13440
Every American preparing for retirement should have access to lifetime income investment strategies including longevity risk-sharing pools.
Retirement Tontines: Using a classical finance mechanism as an alternative source of retirement income
Tontine-style products could play a significantly broader role in financing the retirement of U.S. households. Such products could provide higher returns than annuities do
The advantage of the tontines is about sharing the mortality risks
We are going to see (National Tontines) soon
Results suggest that a model that operates on a Tontine principle offers several key benefits over a CDC design.
This suggests that Collective Drawdown offers two attractive advantages over CDC: protection against poor economic performance, and a higher retirement income overall.
Why Tontines Should Be a Piece of the Retirement Solution
Old-fashioned tontines are a modern option to cut fees and manage retirement money.
What is a Tontine?
Tontines are one of the world’s oldest and most enduring wealth management and pension strategies, using longevity riskLongevity risk is the risk that you live so long that your savings run out. Research shows that between 60-70% of savers at, or near, retirement fear running out of money in old age more than dying. pooling to generate gains beyond asset performance alone.
Tontines provide lifetime monthly distributions to members for as long as they remain alive.
When members pass away, their unused assets stay within the tontine and are redistributed among surviving members, enhancing their future distributions over time.
While this concept may seem novel at first glance, tontines have been widely used for centuries by mainstream savers for a simple reason:
by pooling longevity risk, tontines enable members to afford a higher standard of living throughout their lifetime than would typically be possible if they held the same assets outside of a tontine.
How It Works
The simple, natural way to control your financial future.
Form the Trust Online
Register to establish and contribute to your individual lifetime irrevocable Trust.
Choose the assets that you trust to provide a long-term store of value.
Start taking your monthly distributions at any age, in line with the rules of the Trust.
The Tontine Begins
The Trust joins a Tontine Class of members of the same sex and similar age.
As members pass away, leftover Trust assets are shared among the Trusts of surviving members of the Tontine Class.
The leftover balances, together with asset performance, help power the lifetime payouts.
The Über Tontine
When the average age of a Tontine Class reaches 100, the Class joins the Über Tontine.
The Über Tontine continues over time and supports ongoing payouts for very long-lived members.
Why do people choose a Tontine Trust?
Tontine Trusts are a smart, fair way to secure a steady income for life.
Lifelong Income, Made Simple
- Contribute to your trust as often as you wish,
- Select a reserve asset for your trust,
- Choose the income profile that works for you,
- Use the app to set and update the income start date,
- Start receiving monthly income automatically.
Enjoy Flat Low Fees
- A 1% annual fee covers the costs,
- No set-up costs or hidden charges,
- No commissions for agents,
- = More of your income comes to you.
Effortless, Secure Access
- Login via the website or the mobile apps,
- No passwords to forget - just login with your face,
- Update your receiving bank account any time,
- Appoint your trusted person in case of emergency.
Get Notified
Stay up to date with all things tontine.
A Lifetime Income in your pocket
Our simple to use mobile apps make sure that you can control your monthly income from the comfort of the beach or golf course.
Use the 'Tontinator' to illustrate potential income
Estimates are based upon mortality rates and asset values which change regularly
The Tontinator is part of the patented Tontine administration platform. Many new features are still in testing and will be deployed soon.
Illustrations are based upon reasonably expected asset values and average life expectancies which change over time.
Therefore the illustrations and the actual distributions received will vary in response to realised changes in the value of the assets and the realised mortality of members of the Tontine Class to which you are assigned.
Annuity rates, where shown, are estimated based upon currently advertised rates from sources which we believe to be reliable.
The Tontinator is for illustrative purposes only and there is no guarantee that these results will be achieved by any of the members.
Prospective members should consider their personal circumstances and risk tolerances before establishing a Tontine Trust. Consult an advisor where appropriate.
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Borderless - Global Payments
A state-of-the-art payments network that enables financial institutions to transfer money globally at far greater speed and lower costs than the SWIFT network.
BitGo - Global Custodian Bank
BitGo Bank & Trust is a leading global qualified custodian securing $100 Billion of assets on behalf of 1,500 institutions.
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