Tontines: A Practitioner’s Guide to Mortality-Pooled Investments PDF Download
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Author: Richard K. Fullmer
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.
Author: Richard K. Fullmer
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.
Author: Moshe A. Milevsky
Publisher: Cambridge University Press
ISBN: 1107076129
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 1040251625
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
Author: Moshe A. Milevsky
Publisher: Cambridge University Press
ISBN: 1316407314
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe A. Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first-century retirement income planning.
Author: Moshe Arye Milevsky
Publisher: Springer Nature
ISBN: 3031009282
Category : Business & Economics
Languages : en
Pages : 169
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Book Description
This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book “Retirement Income Recipes in R”, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264015299
Category :
Languages : en
Pages : 392
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Book Description
This publication presents the proceedings of a conference that took stock of achievements China has made in agricultural finance and credit infrastructure and discussed how China could best address future challenges in this area.
Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 588
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Book Description
Author: Glen Alexander Finlaison
Publisher:
ISBN:
Category : Insurance, Life
Languages : en
Pages : 164
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Book Description
Author: Gail Campbell
Publisher: Routledge
ISBN: 1000213536
Category : Business & Economics
Languages : en
Pages : 293
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Book Description
Credit can be instrumental in equalizing opportunity and alleviating poverty, yet historically men and women have not had the same access. Partly because of this, women have been excluded from many previous economic histories. This book fills a significant gap in exploring the vexed relationship between the women and credit across time and space.Providing examples of credit agencies and initiatives in both the developing and developed world, Women and Credit raises important policy issues and makes valuable suggestions for reconfiguring the relationship between women and credit. It also answers questions previously ignored by scholars, yet of vital significance to women's studies and economic history. What contribution did women make to the development of industrial capitalism? How does women's access to credit vary across time and cultures? How has the development of mico-credit initiatives affected women's economic position and what role will such initiatives play in the future?This book is an invaluable resource for anyone in the fields of Women's studies, economic history, anthropology or development.
Author: Connecticut Mutual Life Insurance Company
Publisher:
ISBN:
Category : Life insurance
Languages : en
Pages : 156
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Book Description
