Swedish life insurers weigh occupational pensions spin-off ahead of Solvency II
Directive threatens to put hybrid pensions providers at a competitive disadvantage and force them to split-up businesses
Swedish life insurers are weighing up contingency plans to spin-off their pensions businesses amid concerns that Solvency II will put them at a competitive disadvantage to pension funds.
At present ‘hybrid' insurers providing both occupational pensions and life insurance are spared, to some extent, from complying with insurance regulation on their pensions business, applying less stringent pension rules for technical provisions instead.
Despite uncertainty about the final version of the rules
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