First published on 20 March 2015
This supervisory statement sets out the Prudential Regulation Authority’s (PRA’s) expectations of firms that write with-profits insurance business.
The statement should be read alongside all relevant rules and regulations, in particular: for Solvency II firms, the Solvency II Regulations including ring-fenced fund provisions, and for non-Directive firms any PRA-designated rules in prudential sourcebooks; the PRA Rulebook and any relevant supervisory statements; and the Financial Conduct Authority’s Handbook.