Fitch fears effect of cash rules on annuity firms

Pow, Helen
September 2009
Money Marketing;9/10/2009, p15
The article reports on the impact of Solvency II proposals on annuity providers in Great Britain. Association of British Insurers director general wrote a letter to Chancellor Alistair Darling in August 2009, warning that the said proposals would force insurers to increase their capital reserves from 30 billion pounds to 70 billion pounds. Fitch senior director David Powe states that the amount involve in Solvency II would seriously affect annuity providers as it will mitigate lobbying.


Related Articles

  • Darling set for crisis talks with insurers. Pow, Helen // Money Marketing;1/31/2008, p23 

    The article reports that Chancellor Alistair Darling will hold further crisis meeting with representatives of the Association of British Insurer to discuss the effect of the capital gains tax (CGT) on the insurance bond market in Great Britain. The purpose of the meeting is to find solution to...

  • Darling reveals plan for price-cap pension family. Stevenson, Rachel // Money Marketing;5/16/2002, p1 

    Reports on the plan of the British Department for Work and Pensions to create a range of regulated pension products which can be sold directly without advice. Vision of department secretary Alistair Darling for the products; View of the Association of British Insurers on the proposed products.

  • ABI warning on FSCS reforms. Blackmore, Nicole // Money Marketing;10/4/2007, p7 

    The article reports on the written warning by Association of British Insurers (ABI) director general Stephen Haddrill addressed to Chancellor Alistair Darling concerning the Financial Services Compensation Scheme reforms. The warning came after the meeting of ABI board to review the implications...

  • ABI lobbies Treasury over CGT hit to bonds. York, Nicola // Money Marketing;10/18/2007, p5 

    The article reports that the Association of British Insurers (ABI) and its member companies have lobbied against the proposed introduction of a flat rate of capital gains tax. According to the author, the ABI and its members have met with the Treasury to talk about their concerns. The...

  • Best of the blogs.  // Caterer & Hotelkeeper;4/2/2010, Vol. 200 Issue 4621, p16 

    A blog on the statement by Great Britain's Chancellor of the Exchequer Alistair Darling regarding the revisions of budget for homebuyers and the housing industry.

  • Budget sets out £2.5bn package for business but fails to inspire. Nias, Simon // PrintWeek (Haymarket Business Publications Ltd);4/2/2010, p5 

    The article reports that the British government will increase annual investment allowances and reduce business rates, according to Chancellor of the Exchequer Alistair Darling.

  • A deposit scheme would open doors. Winfield, Robert // Mortgage Strategy;4/19/2010, p13 

    In this article, the author reflects on the budget program of chancellor Alistair Darling, in which, the author opines that a deposit loan scheme would be significant to the financial services industry in Great Britain.

  • Former Labour chancellor Alistair Darling to stand down. Selby, Tom // Money Marketing (Online Edition);11/3/2014, p1 

    The article reports that former Labour chancellor Alistair Darling will step down as an Member of Parliament (MP) in the general election.

  • Difficult, says Darling. Boles, Corey // Money Marketing;3/21/2002, p7 

    Reports on the testimony of Secretary of State for Work and Pensions Alistair Darling before a Parliamentary committee over the difficulty of selling pensions in Great Britain. Factors that influenced the selling of pensions; Remarks from Darling on claims that pension policy is out of touch...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics