Advisers Urged to Take a Closer Look at Life Settlements

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PDL International (PDL) today called on advisers to take a closer look at the life settlement asset class and to make up their own minds as to the potential benefits they can bring to investors in an uncertain investment market.

PDL International has just launched a life settlements product in the UK – the Cascade Portfolio™. This Portfolio approach is different to the traditional Fund route and is a good way of mitigating many of the issues such as transparency and high charges that have skewed some IFAs early perceptions of the asset class.

Chris Radford, Chief Executive Officer of PDL International, said:
“As with many new asset classes that come to market there have been issues around the packaging and education of these products. However, fundamentally the life settlements asset class remains a compelling proposition for investors in an uncertain climate, as the returns are uncorrelated to financial markets.”

Chris goes on to say that:
“Advisers need to take a closer look at life settlements as the market is coming of age. It’s also one of the world's fastest growing asset classes and the FSA’s interest, and more recently ELSA’s new Code of Practice, are illustrative of a maturing market.”

PDL believes that many of the issues that have hit the headlines have revolved around the communication of life settlements, and consequently how they were sold to clients - not the asset class itself.

PDL’s approach - the Cascade Portfolio™ - addresses many of the issues around transparency, longevity risk, counterparty insolvency and liquidity.

It also believes the way they are working with advisers is an improvement on how they’ve been offered to date. The company has pledged to devote significant time and energy to educating advisers to help ensure they get a greater understanding of the asset class, as well as the potential risks and rewards that can be achieved.

To help advisers understand the Life Settlements asset class, PDL have launch their life settlements information website, at redefininglifesettlements.com.

Following the Financial Services Authority’s comments on life settlements in February and ELSA’s launch of its Code of Practice, the Cascade Portfolio™ in addressing both the FSA’s and ELSA’s concerns can be seen as a timely introduction to a market which is looking for a degree of investment certainty.

For further information please contact:
John Hood/Tony Cox/Keith Brookbank
Linstock Communications
020 7089 2080

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