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PRA issues guidance on calculating SCR relief from MA portfolios using internal models
10 November 2017The Prudential Regulation Authority (PRA) has issued its second consultation paper (CP) on the matching adjustment (MA) in as many weeks, setting out what it expects of internal model firms applying the mechanism to calculate their solvency capital requirements (SCR).
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PRA to crack down on "undue capital relief" in Solvency II volatility adjustment
03 November 2017UK regulator concerned that VA is not being used for intended purpose
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UK parliamentary committee urges loosening of strict capital constraints on investments after Brexit
27 October 2017Treasury Committee says Solvency II is dangerous, while matching adjustment is artificial and cumbersome
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PRA puts matching adjustment reform on the agenda
25 October 2017Consultation open and suggestions could open door to new asset types
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PRA to require semi-annual reporting of market risk sensitivity
18 October 2017Regulator warns new risks may need analysis as underwriters broaden investments
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M&G purchases Chelmsford retail park
08 September 2017Deal follows recent acquisitions of European properties
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M&G pays €41.5m for Brussels office
14 August 2017Manager attracted to strong macro fundamentals in Europe's capital city
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Prudential combines M&G with UK and Europe business
10 August 2017New business to manage £332bn in assets, with greater scale enabling group to move to a capital-light model under Solvency II
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M&A: tipping the scales
09 August 2017With a squeeze on fees and increased competition, the asset management world is realising the need for scale. Insurers have already started on the M&A trail, but there appears to be much more on the way. Sarfraz Thind reports
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Prudential Financial pulls $6.3bn from Schroders
28 July 2017US insurer opts to transfer funds to affiliated asset manager PGIM