The life settlements investment market has had some criticism over the last few months after regulators comments and the introduction of a new code of practice from the European Life Settlement Association (ELSA) drew attention to the asset class. Now PDL International is seeking to address those concerns.
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The European Life Settlement Association (ELSA) has formed a regulatory committee to work closely with various European agencies to ensure that regulations that are developed protect investors in life settlements and to lobby for the sectors interests.
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The UK’s Financial Services Authority has voiced it’s concerns over the potential for mis-selling in the life settlements sector. Their concern lies mainly in the fact that these are complex products with many risk factors to be taken into consideration. The FSAS expects providers to be clear about their target investors so as not to […]
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Standard & Poor’s have released a report which details their opinion on life settlement securitizations. Despite seeing increasing interest in this asset class and being approached with inquiries from various institutions, S&P say they have no plans to start rating them anytime soon. S&P believe there are inherent risks and obstacles in securitizing life settlements […]
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I’m sure that by now almost all of you will be aware of the article that the New York Times wrote a few weeks back which described life insurance settlement securitization as almost akin to the sub-prime mortgage securitizations which caused financial markets to implode. I didn’t write about it at the time as (no […]
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