The Longevity Pension Fund from Purpose Investments is the first income-for-life mutual fund for Canadians in retirement.
Similar in design to a defined-benefit pension, the fund distinguishes itself from other products by incorporating longevity risk pooling to provide lifetime income through a flexible and redeemable mutual fund structure available to Canadian retirees.
The fund is the first product released as part of a new holistic retirement solutions platform launched by Purpose Investments. Purpose has an unrelenting focus on client-centric innovation, offering a range of managed and quantitative investment products. Purpose is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent, technology-driven financial services platform.
Exclusive only for C.A.R.P. members, if you invest in the Longevity Pension Fund, you are eligible for a 15% reduction in the annual management fee. Contact your financial advisor for details and how to redeem this exclusive offer.