King William''s Tontine - Why the Retirement Annuity of the Future Should Resemble Its Past

The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.

List of contents

1. King Billy, Protestant hero of England; 2. Tontine's economic origins: cheaper debt; 3. A most curious Will(iam) and older than you think; 4. The million act to fight a war against France; 5. Don't Englishmen die? Anti-selection vs fraud; 6. Is your tontine a stock or a bond?; 7. Optimal tontine: hedging (some) longevity risk; 8. Conclusion: tontines for the twenty-first century.

About the author

Moshe A. Milevsky is a Professor at the Schulich School of Business at York University, Toronto and Executive Director of the nonprofit IFID Centre at the Fields Institute for Research in Mathematics in Toronto. He is also Managing Director of the Pi Longevity Extension (PiLE) Corporation, which is focused on helping pension funds, endowments and individuals extend the longevity of their investment portfolios. In 2005 he founded the software company, QWeMA Group, which he recently sold to CANNEX Financial Exchanges. He has published over sixty peer-reviewed articles, hundreds of newspaper and magazine columns, and is currently on the editorial board of numerous academic journals. This is his twelfth book.

Product details

• Authors: Moshe A. Milevsky, Moshe A. (York University Milevsky, Milevsky Moshe A.
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 31.12.2019
• EAN: 9781107430754
• ISBN: 978-1-107-43075-4
• No. of pages: 273
• Subjects: Social sciences, law, business > Business > Advertising, marketing; Business & Economics / Investments & Securities / General, European History, Finance, HISTORY / Europe / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Insurance / General, Economic history, British & Irish history, United Kingdom, Great Britain, Insurance & actuarial studies, Investment & securities, Investment and securities, Insurance and actuarial studies, Finance and the finance industry