PRA
Nicky Morgan among trio to join FSCS board
Baroness Nicky Morgan has been appointed as a non-executive director of the board of the Financial Services Compensation Scheme (FSCS) alongside Cathryn Riley and Wendy Williams.
Rothesay Life to acquire £860m equity release portfolio as PRA seeks higher security for asset
Rothesay Life has purchased an £860m portfolio of equity release loans as the Prudential Regulation Authority (PRA) is due to end its consultation on insurers' use of the asset to back business.
Why bulk annuities could get more expensive for schemes
Buy-in and buyout pricing could increase due to future capital requirements for insurers holding equity release mortgage assets to back deals. Victoria Ticha looks at what it means for trustees
