Solvency II to push annuity providers to gilts

The impending Solvency II insurance regulation is forcing UK insurers to move back their annuity liabilities with gilts rather than the traditional corporate bonds, according to the rating agency Fitch.

In a conference call to present the findings of their paper Solvency II: Far-reaching Implications, the firm's analysts concluded the corporate sector would see a marked drop in demand for its debt as a result.

"UK life insurers hold more than half of UK corporate bonds. If annuity providers move

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: