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Market crash raises questions on matching adjustment benefit
12 May 2020The question of whether the Solvency II matching adjustment (MA) provides an appropriate benefit to insurers has returned to the fore in pandemic-hit markets. Christopher Cundy reports
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UK actuaries take another crack at equity-release mortgage valuation
03 March 2020Valuation of equity-release mortgages (ERMs) is one of the most controversial topics in the UK actuarial community, and the latest update from the working party only makes a small step towards resolving the debate. Christopher Cundy reports
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UK court approves Equitable Life transfer, dismisses Solvency II MA claim
04 December 2019Utmost Life & Pensions cleared to acquire Equitable's legacy contracts
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UK court asked to rule on legitimacy of Solvency II matching adjustment
25 November 2019Utmost’s planned acquisition of Equitable Life portfolio brings objection from policyholder
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PRA sticks to its guns on ERM deferment rates
27 September 2019Parameters for effective value test left unchanged from consultation proposal
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FRC begins review into equity-release mortgage accounting
05 September 2019Action follows Prudential Regulation Authority’s reforms on regulatory approach
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Buckner and Dowd challenge equity-release mortgage valuations
15 July 2019In-depth investigation argues for recalibration of assumptions and market-consistent approach
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What's next for the MA and VA?
04 July 2019More than €100bn of capital relief is provided by Solvency II's matching and volatility adjustments, but they are far from uncontroversial. As the European Commission begins to consider reforms, Christopher Cundy reports on the problems and possible solutions
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Rebel with a cause
03 January 2019Former UK insurance regulator Dean Buckner has become an influential blogger with a big ambition: correcting the illogical and unethical aspects of financial markets supervision. He talks to Christopher Cundy about equity release mortgages, Solvency II and IFRS 17
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IFoA under fire on equity-release mortgage valuation
29 November 2018Second paper from Buckner and Dowd highlights role of actuarial body in promoting approach