As insurers implement new capital buffers that make bulk annuities less profitable, Kristian Brunt-Seymour explores how it will impact the market.
At a glance: Insurers have to hold more capital against bulk annuity businesses under Solvency II Pricing quoted for bulk annuity deals across insurers has widened to around 7% to 8% in range...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.