UK - City watchdogs have relaxed rules to ease pressure on life assures. The Financial Services Authority says life assurers will no longer be forced to sell equities in a bid to meet the regulatory minimum margin (RMM).
The RMM forced insurance companies to keep assets equal to 104% of their liabilities – a rule that pushed many life offices to ditch equities as stock markets tumbled. Firms will now be able to app...
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