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PRA letter on equity release leaves insurers puzzled

Internal structures allowed, but firms pushed towards internal models

Equity release and finance

What the UK regulator is giving insurers with one hand, it seems to be taking away with the other.

In a letter to the industry on Friday, February 20, Paul Fisher, executive director of insurance supervision at the Prudential Regulation Authority (PRA), appeared to clear a path for firms to restructure equity-release mortgages for the Solvency II matching adjustment – a contentious issue and one

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