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EEA Life Settlements fund hits £100m

Equity, Environmental and Alternative investment group’s Life Settlements Fund has broken through the £100m mark after delivering two and a half years of consecutive positive monthly returns.

The EEA life settlements fund sterling share class has returned 10.62 per cent net of fees over the last twelve months to the end of June 2008, outperforming its target of 9-10 per cent per annum.

EEA says greater transparency in the life settlements market is helping boost continued growth of the asset class and has backed research from the Pensions Institute that the market will grow from around £6.6bn to £80.7bn over the next few years.

The research concluded that given full transparency and the safeguarding of the policyholder’s privacy, there are no ethical issues to distinguish life settlements from other mortality-based products, such as life insurance, annuities and equity release.

EEA marketing director Peter Winders says: “It’s clear from our experience that this market is set to grow and we believe we have the right product and a rigorous, ethical and transparent approach that the market likes. The performance speaks for itself – in volatile markets advisers are looking for absolute return products that deliver – this fund does and 30 consecutive months of positive returns demonstrates remarkable consistency.”


Royal Liver plans new life cover

Royal Liver has unveiled plans to launch a product similar to the Fortis’ real life cover. It will be working with Lifesearch to create its own version of the product.

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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