PSL offers US life policies fund

The Assured Fund, which is managed by PSL, has target returns of between 8% and 11% per annum with a six-year investment cycle. The fund invests in US life assurance policies sold on the second hand market from sellers with a typical age of between 75 and 85, who may no longer need their policies and would prefer to use the cash to help fund their retirement. Rogan Redfarn, business development director at PSL, says the most important consideration for the fund is to get good discounts on the policies, along with considerable due-diligence. Assured Fund currently contains over 200 polici...