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<p>Insurers play a key role as investors in the UK economy says Charlotte Gerken.</p>
<p>Charlotte talks about the Prudential Regulation Authority’s role in the review of <button title="find out more" aria-controls="dialog-1" data-glossary-open="dialog-1" class="modal trigger">Solvency II</button>. As part of this review, she says, there is an opportunity to consider reforms that will support insurers to invest.</p> ....
Charlotte Gerken talks about the supervision of annuity firms in the UK. This work is done by our Prudential Regulation Authority. She examines the matching adjustment (MA). In particular, the calibration of the fundamental spread and the application process for MA. She says annuity firms will continue to get significant supervisory challenge from the PRA. Speech Thank you to Westminster and City for inviting me to speak at your bulk purchase annuities conference. At the time the 2020 conference was scheduled to take place, we were all grappling with the early impacts of the COVID 19 pandemic on our work, our lives and loved ones. In the months since, life insurers’ staff have worked hard and in challenging circumstances to serve their customers in very difficult times. ....