Forbes: FinTech’s Answer to the Global Retirement Crisis

Link below for full article.

Extract: The fintech revolution is rapidly disrupting the financial services industry, most notably in the banking sector where blockchain-based technologies are upending traditional business models by facilitating near-instantaneous financial transactions anywhere in the world at near zero cost, cutting out banks as a middleman.

Unsurprisingly, fintech innovators now have the multi-trillion-dollar global retirement income market in their sights. An exciting example is the advent of blockchain-secured tontines as an alternative to traditional pensions and annuities. Such innovation, which requires no insurance company as middleman, stands to bring about efficient new ways to protect old-age consumption. Imagine a world full of hard working people able to retire with lifetime income pensions that never become underfunded! Yes, it is possible.

It is not only the fintech industry proclaiming the benefits of tontines. Read more about tontines as a solution to the global retirement crisis in this piece appearing in the Wharton Pension Research Council blog on Forbes.

For more information on tontines, please see my other articles on the subject at https://medium.com/@richard.fullmer