Yet another story about pension advances, from earlier this year, began this way:
“Pension advances, also called pension sales or pension buyouts, are also being called ‘pay day loans in sheep’s clothing’ and are the latest scam to hit retirees.”
That’s from an article from moneynews.com. The article, entitled “Pension Advances Nothing More than Payday Loans in Sheep’s Clothing“, is available here.
Some earlier Secondary Insurance Market Blog posts on pension factoring are collected at this post.