08 July 2025
5 min
On 4 July 2025, the PRA issued a Dear CRO letter to bulk annuity insurers outlining the results of its thematic review of Solvency Triggered Termination Rights (STTRs).
In this newsflash, our experts explore:
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This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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