Impact of the PRA's consultation on Solvency II

Hymans’ Michael Abramson looks at the logic behind proposals but highlights the challenges

clock • 3 min read
Hymans Robertson partner and risk transfer specialist Michael Abramson
Image:

Hymans Robertson partner and risk transfer specialist Michael Abramson

On 28 September 2023 the Prudential Regulation Authority (PRA) published its final consultation on the government’s new ‘Solvency UK’ regime for insurers, which will replace Solvency II.

This consultation looks at some of the key investment areas associated with Solvency UK, focussing in particular on the ‘matching adjustment', a feature of Solvency II that is key to the buy-in and...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PASA's Kristy Cotton and Alan Clay

Can schemes analyse the accuracy of their own identification data?

PASA experts discuss whether schemes may need to appoint a third-party agency

Kristy Cotton and Alan Clay
clock 29 November 2023 • 3 min read
Savings boost of 15% needed for young people to retire early

Savings boost of 15% needed for young people to retire early

L&G highlighted the ‘power’ of compound growth when it comes to pension saving

Holly Roach
clock 29 November 2023 • 1 min read
TPR CEO Nausicaa Delfas

TPR: We will not force trustees to buyout

TPR executives spoke at a Work and Pensions Committee hearing this morning

Holly Roach
clock 29 November 2023 • 3 min read
Trustpilot