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BoE’s Charlotte Gerken discusses sustainable growth in the bulk purchase annuity sector

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Published on: 26 May 2022

Published by LNB News

LNB News 26/05/2022

Document Information

Issue Date: 26 May 2022

Published Date: 26 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Bank of England (BoE) has published a speech by its executive director for insurance, Charlotte Gerken, in which she discusses the long-term sustainable growth of the UK’s life annuity sector, and potential regulatory reform of the UK’s life sector. Gerken addresses Solvency II reforms, and outlines the conditions for growth in the bulk purchase annuity (BPA) sector, focusing on responsibility of the board, risk management, resilience and regulation.

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