Current Issues in Part VII Transfers
Could the eventual sanction of the Prudential/Rothesay Part VII transfer of annuities in November 2021 mean that it is back to business as usual when it comes to transfers of insurance business? And what is the future for cross-border insurance business transfers post-Brexit? In this talk we will discuss recent developments in the area of Part VII transfers, including the implications of the Prudential/Rothesay transfer on the market for back-book annuity transfers and issues affecting cross-border transfers. We will also discuss the implications of the recent regulatory guidance on Part VII transfers.