Sentences with phrase «tontine financing scheme»
Who would have guessed that a tontine financing scheme invented by a 17th Century Italian businessman might hold the key to retirement security for today's workers?
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Milvesky, a finance professor at the Schulich School of Business and a prolific author of books on personal finance and annuities (notably Pensionize Your Nest Egg), says of the CD Howe report, «Basically, the author is proposing a tontine scheme, but obviously doesn't want to call it a tontine because of the negative connotations.