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.
Published on
26 April 2018
An annuity is a very serious business 
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