Financial Times FT.com

Death rates spark the birth of a new market

By Gillian Tett, Joanna Chung and David Wighton

Published: November 22 2006 19:12 | Last updated: November 22 2006 19:12

In this world – as Benjamin Franklin once said – “nothing can be said to be certain except death and taxes”.

However, a third feature might be added to this list – the ability of bankers to create profitable arbitrage opportunities from these events. For after years of creating structures to handle tax, the financial industry is now turning its attention to the matter of death.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this