Tontine Trust
TontineTrust 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.
 Live Long & Prosper® | |
| Type | Fintech |
|---|---|
| Industry | Pensions |
| Founded | 2017 |
| Founder |
|
| Headquarters | Ireland |
Key people |
|
| Products | Tontine Pensions |
Number of employees | 20 |
| Parent | None |
| Website | tontine |
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, McClelland accepted an award on behalf of Tontine Trust from the Transparency Task Force, presented by its founder Andy Agathangelou,[2] in recognition of his & Tontine Trust's efforts towards increasing transparency in financial services.
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.[3]
Media coverage
- "Bringing Tontines back from the Dead with Dean McClelland" (Interview). Interviewed by Max Wiethe. New York: Real Vision. 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.