View more on these topics

‘Solvency II will hit capital’

Prudential has warned that Solvency II could stifle insurers’ ability to provide capital to the economy and invest in infrastructure and corporate bonds.

In an interview with Bloomberg TV at the World Economic Forum in Davos last week, chief executive Tidjane Thiam warned of the unintended consequences of Solvency II regulations.

He said: “We are the first holders of bank papers, that is, we are the first providers of capital to the banks. There is a global effort to get banks to raise their capital levels. We have a key role to play in that.

“If Solvency II or certain versions are implemented, it will make that impossible.”

Hargreaves Lansdown head of advice Danny Cox says: “Increasing capital requirements for insurers will inevitably lead to a fall in the amount they invest in the economy but I think the proposals are too far down the track for the industry to force through any substantive changes.”


FCA’s focus will be to check that markets ‘function well’

Changes to the Financial Conduct Authority’s strategic objective are planned to make its main focus is ensuring that financial markets “function well”. Guidance on the Financial Services Bill, published last week, says the FCA’s objective should be ensuring that the relevant markets, including the financial markets and markets for regulated financial services, function well. It […]

Aviva Investors to manage European equities out of Paris

Aviva Investors could manage its £140m European equity fund out of Paris following a review that has seen the closure of four equity desks in London. OBSR has suspended the rating on the Aviva Investors European equity fund until there is more clarity surrounding the future of fund manager John Botham. Chief executive Alain Dromer […]


Goldilocks and the forbears

Paul Thomas reports that a combination of low interest rates and a change of attitude by lenders means borrowers are faring better than in previous recessions


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm