Image:
Hymans Robertson's Michael Abramson
Last month the Prudential Regulatory Authority (PRA) published a letter to chief risk officers at bulk annuity insurers regarding their use of so-called “funded reinsurance”.
These reinsurance arrangements are similar to an insurer doing its own buy-in behind the scenes. The insurer takes a portion of the buy-in/buyout premium received from the pension scheme and passes...
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, 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
