Tontines: A New Threat to Annuities?
December 14, 2017 by Kerry Pechter
Insurance companies “don’t like the ‘t’ word,” one investment strategist told me. He meant tontines.
Just when life insurers and retirement providers thought they had weathered the interest rate nightmare, the robo nightmare, and the fiduciary nightmare, along comes a triple-edged nightmare: crypto-currencies, blockchain and tontines.
Just as global warming seems to bring stronger, more frequent hurricanes, the spread of digital technology seems to bring stronger, more frequent disruptions to the financial services industry.