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.

Tontine Trust
Fintech
IndustryPensions
Founded2017
Founder
  • Dean McClelland
Headquarters
Hong Kong
Key people
  • Dean McClelland
  • Richard Fullmer
  • Michael Neish
  • Richard Kent
ProductsTontine Pensions
Websitetontine.com

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.
  • 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.
gollark: We could have had a moon base. With vast stocks of nuclear weapons.
gollark: It's a shame that they never used Project Orion or any other vaguely ridiculous propulsion idea.
gollark: Try not doing that.
gollark: Did you not... sleep during that?
gollark: I can only focus on things with no practical application whatsoever. It's very """convenient""".

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. https://euipo.europa.eu/eSearch/#details/trademarks/017490591/opposition/003046744
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