PensionBee has announced the appointment Maike Currie as vice president of personal finance
The Prudential Regulation Authority (PRA) has identified several potential risks in the growing use of funded reinsurance (FundedRe) within the bulk purchase annuity (BPA) market, as it aims to balance innovation with the need to safeguard policyholders.
Speaking at a recent event, PRA director for prudential policy, Vicky White, said that the PRA is working to put the right FundedRe framework in place now, "so that unmitigated risks do not rise to a level where they could put the resilience of the sector and its policyholders in peril"