Recent Developments in Life Office Financial Reporting

M.C. Gallen, M.R. Kipling
1996 British Actuarial Journal  
Previously, an EC company transacting business in the UK via a branch was subject to Part II of the 1982 Act and so had to submit returns to the DTI. The 1983 Regulations exempted such firms from having to include details of other than their UK -3 -If the BPL would not suffice, we would be concerned about the multiplicity of different valuations which could be necessary. As we mention in Chapter 5, consensus appear to be nearing on the Achieved Profits Method. This incorporates 'risk margins'
more » ... es 'risk margins' rather than the 'planned margins' of the Accruals Method. We hope that the working group will align their approach with the former and incorporate risk margins, too.
doi:10.1017/s1357321700003482 fatcat:tj7wpl242nhbtbj6lsecfssjr4