UK - Interim changes to the Minimum Funding Requirement (MFR) now been finalised by the Government represent a reduction of 7.7% in equity-related MFR liabilities, according to consultants William M Mercer.
The effect on a typical MFR valuation, where around half the liabilities might be equity-related, is likely to be an improvement of 3-4% in the MFR funding level. Mercer said: “The fact that the...
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