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WASHINGTON--(BUSINESS WIRE)--In his opening remarks to over 200 industry participants attending Fasano’s 7th Annual Life Settlement Conference, Michael Fasano, President of Fasano Associates, called for more transparency from life settlement intermediaries.

“We should not minimize the real differences that continue to exist among Life Expectancy underwriters and we should be willing to present Actual to Expected experience based on the actual life expectancy estimates given to our clients, and not limit our disclosures to hypothetical results based on adjusted estimates.”

The trade body for the traded life settlement market, the European Life Settlements Association, has issued a code of practice for its members designed to increase protection for investors.

Elsa says: “Members must either comply with the code or face suspension and ultimately expulsion from the association.”

In February, FSA head of investment policy Peter Smith said he had “significant concerns” about levels of transparency in the industry in a speech at the Elsa trade mission in London.