Ceiops backs illiquidity premium for in-force annuity business

lord-myners

The Committee for European Insurance and Occupational Pension Providers (Ceiops) has proposed allowing the use of an illiquidity premium for assessing capital levels for annuity providers' existing business, in its latest round of Solvency II implementation advice, which was published this week.

Life & Pensions reported at the end of October that grandfathering was being considered as a potential solution to the impasse between Ceiops, which insists a risk-free rate should be applied to long

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