Why traded annuity products will not be suitable for retail investors

Jonathan Stapleton
clock

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

Traded life policy investments (TLPIs) - the products commonly known as death bonds - invest in second hand life assurance policies, usually of US citizens. Investors in these products hope to b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Merry Christmas from Professional Pensions

Merry Christmas from Professional Pensions

Back on 2 January 2026

Professional Pensions
clock 24 December 2025 • 1 min read
The top news stories of 2025 on Professional Pensions

The top news stories of 2025 on Professional Pensions

PP looks at the biggest pensions news stories over the last 12 months

Professional Pensions
clock 24 December 2025 • 2 min read
News Digest: Call me Scrooge, but it's time to scrap pensioners' Christmas bonus

News Digest: Call me Scrooge, but it's time to scrap pensioners' Christmas bonus

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 24 December 2025 • 1 min read
Trustpilot