An annuity is a very serious business - speech by David Rule

Given at Bulk Annuities – The Expanding Market, Westminster and City
Published on 26 April 2018

In his speech David Rule considers the growth in large annuity transfers from back books, and from pension schemes. He talks about the risks facing annuity providers investing in illiquid assets, especially equity release mortgages, in their Matching Adjustment portfolios. And he explains what it means for the Prudential Regulation Authority’s supervisory priorities for life insurers.

PDF An annuity is a very serious business