Life - Articles - Paul Clarke, PwC, comments on FSA’s thematic annuuity review


 Paul Clarke, Partner, PwC said:
 
 “With the Life Insurance supervisory team leading the review, ultimately this provides the first indication of what insurance firms can start to expect from the Financial Conduct Authority.
 
 "Pricing of annuities is complex and how Solvency II will treat these products has yet to be determined, which creates uncertainty. Additionally, there is a tension between prudential regulation and market pricing. The uncertainty relating to the capital requirements under Solvency II and the capital regulators require firms to hold against bond default are both factors which will be considering in setting prices.
 
 "However, this review is important and arguably timely. With greater numbers of retirees and increased longevity, the significance of this area to an aging population is increasing."
  
 
  

Back to Index


Similar News to this Story

Football’s Coming Home… on Crutches
With major drama building in football - from Thomas Tuchel’s upcoming England squad announcement to the relegation fight facing West Ham United and To
Over 85 population expected to double in 25 years to 3.6m
The latest population projections published this morning by the ONS demonstrate the extent of the UK’s ageing society. In mid-2024 there were 1.75 mil
IPT smashes last year's total by £157 million
According to this morning’s HMRC data, Insurance Premium Tax (IPT) receipts stood at £88 million in March 2026, bringing the full year total for the 2

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.