The Prudential Regulation Authority (PRA) has today published a consultation on a package of reforms to the Matching Adjustment, as part of the ongoing work to implement Solvency UK.
Charlotte Clark, Director of Regulation at the ABI, said:
“Solvency UK will enable our sector to play an even bigger role as an institutional investor. Through our new Investment Delivery Forum, we’re committed to using the reforms to drive £100bn into green and good projects, whilst ensuring high levels of policyholder protection remain in place. This consultation brings us another step forward to achieving that and we’ll continue to work closely with our members and the PRA throughout these final stages.”
The Investment Delivery Forum was launched in July to act as a catalyst and facilitator for driving investment into UK infrastructure projects. More information can be found on the website here.
Further details: ABI Press Office