The results from equity release consultation: what does it mean for trustees?
18 Jan 2019
On 10 December 2018 the Prudential Regulatory Authority PRA published the results of its consultation on the reserving requirements in relation to equity release mortgages. This had the potential to increase pricing for buy-ins and buy-outs for those insurers who invest in this asset class and to impact negatively on their solvency position. The results of the consultation are less onerous for insurers than originally considered, in particular in respect of solvency impact.