Ultimate forward rate (UFR)
Dutch pension funds brace for hedging revamp
Planned legislative changes set to reduce long-end hedging needs, but market divided on curve impact
Allianz’s solvency ratio dips 11 points
Share buyback, market moves, regulatory tweaks all take their toll on capital
Eiopa stress test highlights UK reliance on matching adjustment
Tests reveal how unwelcome any watering down of key measure would be
Treating sovereign bonds as risk-free ‘courageous’ – Parente
UFR update needed for credibility; too early to change risk margin, Eiopa director tells conference
The fault lines in Europe's Solvency II compromise
Row over calculation of discount rates exposes political differences
UFR change would ‘threaten’ Solvency II political compromise
German policy-makers talk tough in opposition to lowering of discount rate
Lower UFR would be dangerously pro-cyclical – Bafin
Solvency II rate cut would crowd insurers into long-dated assets, says insurance chief
UK regulator outlines wish list for Solvency II review
Risk margin “highly pro-cyclical” and ultimate forward rate “completely unrealistic”, says financial policy director
‘Fairness not part of Solvency II’ – Danish regulator
Directive ignores risk of intergenerational subsidy, says Finanstilsynet's Parner
New Swedish discount curve rejects Solvency II methodology
Extrapolation method changed following concerns Smith-Wilson method impractical
‘Credible risk’ that last liquid point for UK risk-free curve could change
Concerns raised over Eiopa’s discretion over methodology
Sponsored feature: Royal Bank of Scotland
The UFR curve conundrum