LV= weighing options for equity-release mortgages

Complex assets left out of matching adjustment application, but could be added when internal model is approved

shu-339716636-chess-knight-decision
LV= is still considering whether to include ERMs in its matching adjustment portfolio

UK insurer LV= is awaiting the approval of its matching adjustment (MA) application made at the end of last year, which it expects in the coming weeks. But a notable omission from the asset portfolio currently under review is the firm’s equity-release mortgage (ERM) portfolio. 

Emily Penn, head of asset liability management at LV=, told Risk.net the insurer is still considering whether to include its near-£600 million ($863.3 million) of ERMs in its MA portfolio. The asset class could still be

To continue reading...

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 indvidual account here: