All Prudential Regulation Authority (PRA) articles
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NewsUK bulk annuity sector ‘resilient to severe market shock’, stress test finds
PRA to consider whether further action is needed to ensure the regulatory capital treatment of FundedRe transactions is appropriate
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NewsUK investors, regulators address climate risks in new reports
Climate Financial Risk Forum launches six reports exploring different approaches to quantifying the financial impacts of climate scenarios
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NewsLaunch of UK transition finance group delayed after industry fails to offer up suitable chair
The Transition Finance Council said 40 organisations had already expressed an interest in joining the new working group
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NewsPrudential Regulation Authority puts funded reinsurance use high on agenda
Regulator to increase transparency of insurer life stress test by publishing both sector-wide and firm-specific stress test results for largest UK life insurers
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NewsUK authority proposes reforms to unlock insurer investment for UK growth
Bank of England’s Prudential Regulation Authority launches consultation to streamline rules for insurers
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NewsAberdeen takes on pension policies worth £3bn from Phoenix Life
The transfer relates to a specific book of business, which includes UK DB and DC pension funds, as well as UK Local Government Pension Schemes
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NewsRegulators outline plans to support UK growth
UK chancellor has called on regulators to tear down regulatory barriers that hold back growth
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NewsPRA to continue scrutiny of funded reinsurance in BPA market in 2025
Regulator will consider ‘further use’ of its powers if firms are not meeting its expectations
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NewsPRA threatens to restrict funded reinsurance if risk management is not improved
Regulator warns that if not properly controlled, growing number of funded reinsurance transactions could lead to ‘rapid build-up of risks in the sector’
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NewsFunded reinsurance should not pose ‘material risk’, according to Fitch Ratings
Ratings agency says the use of funded reinsurance applies to less that 30% of life insurers bulk annuity business
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NewsPRA launches consultation on Solvency II reforms
Proposed reforms are expected to improve insurers’ investment flexibility by enabling broader and quicker investments in their matching adjustment portfolios
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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NewsBoE test suggests net-zero transition ‘absorbable’ for banks, insurers
Climate stress test points to profit reductions but no ‘worrying direct impact’ on solvency
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AnalysisAnalysis: UK Solvency II reforms and the pensions buyout market
Reform of the insurance industry’s solvency regulations matters to pensions funds because it has implications for the bulk annuity market
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Opinion PiecesViewpoint: UK superfunds – Super fast, or dead in the water?
Will the superfund ship lawfully leave port any time soon? Following the UK pension regulator’s publication of its interim regime for superfunds in June 2020, there is much talk about scheme transfers to superfund being imminent. Clive Weber, pensions partner, and Paul Ashcroft, solicitor, Wedlake Bell LLP, explain why the ...
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News
COVID-19 roundup: $2.3trn Fed package, TPR auto-enrolment update
A weekly roundup of select COVID-19-related policy and market developments
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News
Accounting roundup: ESMA addresses IFRS 9 COVID-19 implications
Plus: IASB delays insurance accounting standard; FRC reports on Kingman implementation progress
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NewsAsset management roundup: Asset managers seek to improve industry culture
Plus: Canadian asset manager Manulife Investment Management hires duo for Dublin office as part of European expansion
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News
Regulators set up climate risk monitoring committee
FCA, PRA and 15 financial services companies to meet three times a year to lead the regulatory approach to climate change
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NewsUK regulator warns insurers over illiquid assets and alternatives
Prudential Regulatory Authority says insurance companies need to understand the underlying risks of alternative debt assets
