Bringing you live news and features since 2006 

Survey

IFA consultation into life settlement industry launched

RELATED TOPICS​

The European Life Settlement Association has launched a retail market consultation into the practices and issues surrounding life settlements.

The consultation will help inform the content relating to retail investors in Elsa’s impending code of practice for the life settlement industry, which will be published later this summer.
 
While the code of practice will cover all areas of life settlement investing – across both the institutional and retail markets – Elsa has decided to engage specifically with the IFA community following the questions raised by the Financial Services Authority about the asset class earlier this year.
 
The Association of Independent Financial Advisers has agreed to carry the IFA life settlement consultation to its members. The questionnaire will also be made available through the distribution channels of Elsa’s members, the media and via other interested parties. A face-to-face debrief session with selected Aifa members will conclude the retail consultation process.
 
Patrick McAdams, investment director at SL Investment Management and Elsa chairman, says: “We recognise that a lot of questions have been posed at the retail market in particular when discussing this asset class. In the wake of continued uncertainty around Keydata and Lifemark, intermediaries are rightly looking much more closely at product structures and wishing for greater transparency than ever.
 
“We intend to use this IFA consultation as a valuable feedback mechanism to ensure that we cover in our comprehensive code all the critical issues for this market. Separately, we have given the FSA sight of a draft of the code, ahead of the response from IFAs, to ensure it is moving in the right direction and goes far beyond current conduct of business rules in the UK.”

Latest News

Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..
Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by