UK - UK life companies face a e15bn (£10.2bn) capital shortfall, according to estimates from financial services consultancy Mercer Oliver Wyman.
Mercer estimates that under European Union solvency directives, the UK life sector has a e15bn gap between its assets and the value of what it guarantees. However, Mercer claims that the entire ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
