An investment vehicle popular in the Victorian Age but plagued by scandals early in the last century may be coming back.
The vehicle is the tontine, a type of investment pool from which members draw annual dividend payments after paying a lump sum, and from which surviving members draw more in dividends as participants die off. In some tontine arrangements, the corporate organizer of the tontine keeps whatever has not been paid out; in others, the remaining survivor gets whatever capital remains.
