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Insurance Regulation & Accounting
ISSUE: 77
ISBN: 1740 5262

13 Oct 2009Insurance Regulation & Accounting

FSA warns of Solvency II “timebomb”

The Financial Services Authority (FSA) has told the UK insurance industry that it is working to overturn Ceiops’ Solvency II proposals for pensions that would effectively remove the liquidity premium in the capital provision for annuities, setting off a “potential timebomb” for the pensions industry.

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