BoE cracks down on insurers’ offshore pension transfers

BoE cracks down on insurers’ offshore pension transfers

BoE Adjusts Capital Rules for Insurers' Offshore Pension Transfers

The Bank of England (BoE) is set to change the capital rules regarding "funded reinsurance" in response to concerns that the sector may be exploiting arbitrage opportunities. This move reflects the regulator's intention to mitigate risks associated with the transfer of pensions offshore by insurance companies.

Original Source: https://www.ft.com/content/e67e12e3-b2eb-40d4-a2e3-5a3534c8054b

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