Annuity firms face higher solvency costs

Pow, Helen
July 2009
Money Marketing;7/9/2009, p5
The article reports on the proposed increase in solvency costs for annuity providers in Great Britain in 2009. A consultation paper recommends annuity firms to hold enough assets that will support needs and liabilities when forced to transfer from corporate bonds to government bonds. Moreover, the paper also identifies advantages of topping up the capital of insurers especially in times of struggling economy.


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