Legal action against the MBC in the US poses problems for the life and viatical markets
The cease and desist order placed on the Mutual Benefits Corporation (MBC) in Florida has sent ripples throughout the life settlement and viatical market. While the case has yet to run its legal course, it is clear the order has raised a number of issues and that potential investors will be searching for answers as to the security of returns on their assets. They may even be deeply shocked by what they discover and question the information they were given on which their investment decision was made. The second-hand life insurance market has grown rapidly as the asset represents an innova...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
