Life trade bodies differ on securitisation ban

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The European Life Settlement Association has hit out at a surprise call from the American Council of Life Insurers for policymakers to ban the securitisation of life settlements but the two trade bodies will back a joint roadshow in February to discuss the issue with the industry.

Life settlement-backed investments - which turn US life insurance policies into tradable assets - have expanded rapidly as a result of the financial crisis, as investors have sought predictable ret...

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