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Regulators back down on operational risk capital charges
14 October 2014EC excludes acquisition expenses of unit-linked products
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Internal model change rules are 'highly burdensome'
13 October 2014Concern over requirement to notify supervisors of parameter updates
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Zurich targets small pension funds with simplified longevity hedge
31 July 2014Hedging contract obviates need to exchange collateral
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Going off-trail on internal models
17 July 2014Over the past three years, about one in three UK insurers intending to build an internal model have scrapped their plans. More could follow before April next year, when the formal applications are due. Hugo Coelho investigates.
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BT bypasses intermediaries in record longevity swap
07 July 2014Deal confirms increasing popularity of pension de-risking transactions
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PRA ignores insurers on matching adjustment rules
30 June 2014The UK's regulator has failed to clarify the rules for applying the matching adjustment, but has set out conditions for repackaging assets and is inviting firms to engage in a trial application. Hugo Coelho reports
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The UK pensions bombshell: opportunities among the wreckage?
11 April 2014The UK annuities market is undergoing a dramatic change as the rules on retirement products are rewritten. In this article, Christopher Cundy looks at five major implications for products and strategy
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Swiss Re, Scor and Munich Re share in Aviva's £5bn longevity risk swap
06 March 2014Largest longevity deal with pension fund to date
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PIC delivers £30m buy-in for parcel pensioners
05 March 2014The transaction covers around £30m of pensioner liabilities and 645 members
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FCA dices with actuaries in annuity profits probe
14 February 2014The UK's Financial Conduct Authority wants to make the annuity markets more competitive, but tackling excess profitability and price differentiation may be a bigger challenge than it thinks. Christopher Cundy reports