Mutuals warn of capital threat from UK 'twin peaks' regulation

fsa068-low

Uncertainty over the treatment of with-profits fund surpluses under the UK's new ‘twin peaks' regulatory regime could threaten mutual insurers' ability to trade, mutuals warn.

In 2013, two new agencies will replace the Financial Services Authority (FSA) and share responsibility for supervising insurers. The Prudential Regulatory Authority (PRA) will promote the safety and soundness of firms and ensure appropriate protection is afforded current and future policyholders, while the Financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The economic view

Insurers are using the delays to Solvency II to improve their economic capital models

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here