Longevity by Purpose

A great summary of why Purpose created this fund from the company's Founder & CEO, and what this increase means for investors.

It's neat when a theoretical idea is borne out. Purpose Investments just announced that they'll be increasing the payments from their longevity-pooled mutual fund (the first of its kind in the world). So often, people worry about the downside of "financial risk," but there's upside too. The beauty behind "longevity-risk-sharing" is that retirees who are comfortable with some investment risk can receive a pension for life while also staying invested in equity markets, which is important in today’s unpredictable inflation environment.  Inflation and running out of money are the two biggest financial fears among retirees. This solution covers both without locking the funds into a low-yielding fixed-income portfolio, delivering a higher expected standard of living for older Canadians. It's important to recognize and support such "dynamic pension" innovations, which have the potential to help fill a critical gap in pension coverage among private sector workers.

📣 Big News from Longevity Pension Fund! 📣   We're excited to share two milestones: 1️⃣ Our 2024 Annual Report is now live! 📖 (https://lnkd.in/gh8xxQt7) 2️⃣ We’re thrilled to announce our 𝗳𝗶𝗿𝘀𝘁-𝗲𝘃𝗲𝗿 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗿𝗮𝘁𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 for all cohorts 👏 For details, check out the press release (https://lnkd.in/gVxmzPXR), and see how our innovative retirement solution is helping Canadians retire with confidence! To see how the fund has performed: https://lnkd.in/gD72msXu

Longevity's President, Fraser Stark, will be speaking next week at the 𝟒𝟑𝐫𝐝 𝐀𝐧𝐧𝐮𝐚𝐥 𝐈𝐒𝐂𝐄𝐁𝐒 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦 in Nashville, TN. For anyone there, be sure to join his session "Navigating the New World of Decumulation Options" (Mon, 4-5pm). The session will be interactive and cover: 🎸 why retirement is so challenging for plan members 🎸 the set of options available to them 🎸 and the wide range of ways plan sponsors can do more.

🎂 Happy 3rd Anniversary, Longevity Pension Fund! 🎂 To honour this milestone, we've recorded a brief video update from the Head of Longevity, sharing our appreciation to everyone who's joined the Longevity family!  Here's to many more years of income for life — and spending with confidence! #AmbitionNeverRetires | Purpose Investments | Purpose Unlimited | Som Seif | Fraser Stark | Omer Poroy | Vlad Tasevski, CFA | Simon Barcelon | Tom Astle, CFA, P.Eng, ICD.D

Fantastic to see coverage of the Longevity Pension Fund in the The Globe and Mail (Globe Advisor), revisiting the 3-year-old category of funds that offer investors (in 🇨🇦) an element of longevity risk pooling and protection: 🗞 "𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐦𝐚𝐧𝐲 𝐚𝐠𝐢𝐧𝐠 𝐂𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐬 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐟𝐮𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 – 𝐚𝐧𝐝 𝐡𝐨𝐰 𝐦𝐮𝐜𝐡 𝐭𝐡𝐞𝐲 𝐜𝐚𝐧 𝐬𝐩𝐞𝐧𝐝 𝐞𝐚𝐜𝐡 𝐲𝐞𝐚𝐫 𝐭𝐨 𝐞𝐧𝐬𝐮𝐫𝐞 𝐭𝐡𝐞𝐲 𝐝𝐨𝐧’𝐭 𝐫𝐮𝐧 𝐨𝐮𝐭 𝐨𝐟 𝐜𝐚𝐬𝐡 𝐚𝐬 𝐭𝐡𝐞𝐲 𝐚𝐠𝐞. 𝐁𝐮𝐭 𝐭𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐮𝐧𝐤𝐧𝐨𝐰𝐧 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐬 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐚𝐭 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧; 𝐧𝐨 𝐨𝐧𝐞 𝐤𝐧𝐨𝐰𝐬 𝐡𝐨𝐰 𝐥𝐨𝐧𝐠 𝐭𝐡𝐞𝐲 𝐦𝐢𝐠𝐡𝐭 𝐥𝐢𝐯𝐞, 𝐨𝐫 𝐡𝐨𝐰 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐦𝐢𝐠𝐡𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦 𝐨𝐯𝐞𝐫 𝐭𝐡𝐚𝐭 𝐭𝐢𝐦𝐞𝐟𝐫𝐚𝐦𝐞." 🗞

Curious what's going on in the US around lifetime income options in retirement plans? Register & join this webinar at 1:30 PM ET today to learn more, hosted by Ignites. We'll be listening in too!

Our latest article details the 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗹𝗼𝗻𝗴𝗲𝘃𝗶𝘁𝘆 𝗮𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 in retirement planning, emphasizing the need to align financial strategies with evolving life expectancies: 🎓 Awareness and understanding of core concepts play a foundational role in retirement planning, enabling investors to align financial strategies with evolving life expectancies.  🎓 Limited longevity awareness can lead to oversimplified withdrawal approaches, potentially jeopardizing financial security. To navigate retirement income successfully, individuals should adopt advanced financial tools, collaborate with experts, and embrace lifelong learning. 🎓 The Longevity Pension Fund is one solution to mitigate the risks associated with uncertain life spans, providing sustainable income while addressing this key uncertainty. 🎓 Staying informed on longevity concepts enhances retirees' financial well-being and quality of life, and supports being proactive in retirement planning. Love to hear your feedback our questions in the comments! #AmbitionNeverRetires #LongevityPensionFund  #RetireWithLongevity·com 

Longevity has reached cruising altitude 🛫 in the skies ⛅️ over Canada! Now that we’re into February, hopefully many of you have had a chance to see the Longevity TV spots on Air Canada, featuring Purpose founder & CEO Som Seif sharing our core message around lifetime income.  It’s been great hearing from Air Canada flyers across the country who’ve seen the TV spot and want to build more confidence into their retirement income plans. In case you don’t catch Som on your next flight before the end of March, here is the 3rd and final spot in the series. Enjoy the 🎥 ! Purpose Investments | Purpose Unlimited | Som Seif #AmbitionNeverRetires #LongevityPensionFund #https://lnkd.in/gzrivjyR

📣 In our latest article, we take a trip back in time, looking at the enduring 𝗰𝗼𝗻𝗰𝗲𝗽𝘁 𝗼𝗳 𝗿𝗶𝘀𝗸 𝗽𝗼𝗼𝗹𝗶𝗻𝗴: spreading financial or operational risks across a group to mitigate individual losses: 1️⃣ From ancient Chinese traders sharing goods across ships, to more modern applications in insurance and finance, enhanced data analytics and technology have transformed risk pooling into a sophisticated tool. 2️⃣ Innovative approaches to risk pooling such as on-demand insurance, blockchain-enabled flight delay insurance, and peer-to-peer insurance, emphasize the contemporary relevance of risk pooling. 3️⃣ In the realm of retirement planning innovation, the Longevity Pension Fund pools longevity risk to provide financial peace of mind to retirees. #LongevityPensionFund #RetireWithLongevity.com #AmbitionNeverRetires