Tontine Trust

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Tontine Trust
TypeFintech
IndustryPensions
Founded2017
Founder
  • Dean McClelland
Headquarters
Ireland
Area served
European Union
Key people
  • Dean McClelland
  • Richard Kent
  • Richard Kelly
  • Michael Neish
ProductsTontine Pensions
Number of employees
20
ParentNone
Subsidiaries
  • Tontine Pension Trustees DAC
  • Tontine Pension Administration Platform Ltd
  • The Tontine Association CLG
Websitetontine.com

Tontine Trust is a Fintech company providing pension benefits on a digital platform, based on the "Tontine" principle in which subscribers pool their Longevity risk in contrast with annuities.

The company is preparing to launch several international pension products for consumers including one of Europe's first Pan-European Pension Products the legislation for which is designed to encourage new types of lifetime income pensions for Europe's consumers and to develop a safer, more cost-efficient and transparent market in affordable and voluntary personal pension savings that can be managed on a pan-European scale.[1]

Awards[]

In October 2019, Tontine Trust was recognized for their efforts towards increasing transparency in financial services by from the Transparency Task Force.[2] Tontine Trust has also been nominated for the Innovation Award at the European Pensions Awards 2021.[3]

Trademark[]

The company has been granted a European trademark for tontines as a pension product. The trademark includes the phrase "Live, Long & Prosper" which initially drew opposition from CBS Studios; however, CBS withdrew their opposition.[4]

Media coverage[]

  • "Bringing Tontines back from the Dead with Dean McClelland" (Interview). Interviewed by Max Wiethe. New York: . 17 February 2020.
  • Wolf, Sandra (3 September 2020). "Are tontines the solution to the decumulation conundrum?". Mallowstreet. People out there at the moment are terrified of living longer. It’s like a game of Russian roulette.
  • Mitchell, Olivia S. (30 January 2018). "Fintech's Answer To The Global Retirement Crisis". Forbes. Fintech innovators have the multi-trillion-dollar global retirement income market in their sights.
  • Ye Han, Jasmine (8 December 2017). "Tontines Meet Blockchain: Something Old Could Be New Again". The Bureau of National Affairs, Inc. Archived from the original on 25 April 2019. State and local governments will start doing tontine pensions first because they’re not subject to ERISA.
  • Pechter, Kerry (14 December 2017). "The Crypto-Capitalist and His Digital Tontine". Retirement Income Journal.
  • McCrum, Dan (20 February 2018). "tontine tokens update". FT Alphaville.

References[]

  1. ^ https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32019R1238&from=EN
  2. ^ "Transparency Times #42 October 2019". Issuu.
  3. ^ "European Pension Awards 2021 - Shortlist". Perspective Publishing. Retrieved 2 September 2021.
  4. ^ https://euipo.europa.eu/eSearch/#details/trademarks/017490591/opposition/003046744

External links[]

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