Life - Articles - Life companies should prepare for OCF to become standard


 According to a research paper produced by Financial Risk Solutions Ltd (FRS), under new PRIIPS Regulation the Ongoing Charges Figure (OCF) is set to become the measure by which investors are charged for life insurance products. A key component of new European Legislation to protect investors, PRIIPs (Packaged Retail and Insurance-based Investment Products) regulation will apply across asset management, banking and insurance and will change the way information is provided to investors at the point of sale - including information around the costs to be borne by the investor.

 The paper discussed why Life companies should prepare for the use of the Ongoing Charges Figure in product disclosure to become the standardised measure of charge rather than the Annual Management Charge (AMC, as well as other issues around charge disclosure, transparency over research costs and the use of dealing commissions.

 The full report can be accessed here 
  

Back to Index


Similar News to this Story

Stable start to 2025 mortality
The Continuous Mortality Investigation (CMI) publishes frequent mortality analysis for England & Wales through its mortality monitors. Today’s updates
Impact of tariffs on UK Life Insurers
Alex Bertolotti, PwC UK Insurance Leader, says: “Although the impact of the current increases in tariffs do not have a direct impact on UK life insure
The number of nonagenarians shows lifetime income challenge
Just Group says new figures highlight the increasing number of retirees needing to finance their lives beyond their 90th birthdays

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.