Life firms irked by patchy matching adjustment approvals

UK regulator could have been more clear about success of bolder submissions, say advisers

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Now the dust has settled on the first Solvency II matching adjustment (MA) applications in the UK, some insurers have been left thinking they could have secured a better deal.

Banks, consultants and lawyers speaking to Risk.net say they have seen insurers apply a mishmash of different solutions to common MA problems – some safe, some bold. To the surprise of many in the industry, the bolder approaches have in many cases won the approval of the Prudential Regulation Authority (PRA) leading cautio