Focus on liquidity premium for annuity providers neglects policyholder interests

Ceiops governance committee chair says ABI’s focus on liquidity premium gives too much weight to industry opinion


Insisting on the addition of a liquidity premium in the discount rate for annuity liabilities the Association of British Insurers (ABI) neglects the protection of policyholders in favour of reducing capital requirements for life insurers, according to a top regulator at the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops).

Jan Parner, chair of the Solvency II internal governance, supervisory review and reporting expert group at Ceiops, told Peter Vipond, head of

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