PRA letter on equity release leaves insurers puzzled

Internal structures allowed, but firms pushed towards internal models

Equity release and finance

What the UK regulator is giving insurers with one hand, it seems to be taking away with the other.

In a letter to the industry on Friday, February 20, Paul Fisher, executive director of insurance supervision at the Prudential Regulation Authority (PRA), appeared to clear a path for firms to restructure equity-release mortgages for the Solvency II matching adjustment – a contentious issue and one that is vitally important to a number of annuity providers.

At the same time, however, Fisher said th

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: