Locked out of longevity

david-rawson-mackenzie

Despite increased scrutiny from the UK Financial Services Authority (FSA), the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (Finra), the US Congress and various regional Asian regulators, dealers and institutional investors alike say demand for life settlement products is increasing. Recent highlights include a massive series of longevity swaps traded by UK insurance companies, BMW’s £3 billion ($4.6 billion) swap with Deutsche Bank