11/24/2025
Under the LIST, the PRA assessed large life insurers’ resilience to a three-stage, evolving market stress using year-end 2024 balance sheets as a starting point (details of which are set out below).
11/21/2025
Even under optimistic assumptions, the combined national fiscal space available for additional government spending and the existing EU resources would still leave a substantial funding gap of over €100 billion a year.
11/20/2025
By contrast, private retirees require predictable income, inflation resilience and the ability to withstand market shocks without risking capital depletion.
11/20/2025
The changes are designed to address current shortcomings, making the rules simpler, more efficient, and better aligned with market realities.