The Prudential Regulation Authority ("PRA") has issued a letter, dated 4 July 2025, to Chief Risk Officers of life insurers active in the bulk purchase annuity ("BPA") market. The letter focusses on ...
The UK Prudential Regulation Authority (PRA) has published a policy statement on the identification and management of step-in risk (PS5/25). The policy statement provides feedback on responses to ...
The Prudential Regulatory Authority (PRA) has warned of “systemic risk” within the bulk annuity market as insurers compete for defined benefit (DB) pension schemes’ business. Specifically, the ...
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