Employers could have to pay up to 10% more to buy out pension schemes after Solvency II regulations for insurers come in next year, says PwC.
The consultant said the measures, which will require insurers to hold more capital against bulk annuity contracts from January, would affect pricing. Full buyouts, which cover deferred and pensi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
