Aviva Share Discussion Threads

[edmundshaw] 17/11/2022 22:41

Thank you very much for that feedback, cjac. I really appreciate it.

I work to understand the basics of what all these numbers mean, but currently have little idea of how big is the quantitative effect of each change.

[muscletrade] 17/11/2022 19:12

I Particularly liked this para....

1.3 The UK’s financial services regulatory framework must adapt to the UK’s new position outside of the European Union. The Government notes that these changes to Solvency II are being announced at the same time the outcomes of the Future Regulatory Framework Review are being delivered through the Financial Services and Markets Bill. That includes new secondary objectives for the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to facilitate the growth and international competitiveness of the UK economy, including the financial services sector, and enhanced accountability measures to reflect the regulators’ new responsibilities.

[cjac39] 17/11/2022 18:16

Edmund the reduced risk margin is nice but not that helpful. The TMTP offsets it and higher rates have reduced all of this anyway. However it does remove noise and some requirement to hedge a non economic risk for some smaller insurers.

The big win by miles is being able to get predictable cash flow assets in the MA rather than having to have fixed cash flows and therefore ability to widen greatly assets held in MA

It’s gratifying to see they have basically ignored Sam woods and the PRA on changing the FS and so they should

[muscletrade] 17/11/2022 18:02

Andy Briggs, chief executive of Phoenix (PHNX), said: ‘The proposed reforms to Solvency II announced today present a very significant opportunity to ensure more private sector capital can be directed by insurers into the real economy and ensure we better mobilise the UK’s £3.4tn of pension wealth.


‘These regulations are an important component of the changes needed to the wider UK investment landscape, which will enable Phoenix to meet its ambition to invest more in the future,’ he said.

[edmundshaw] 17/11/2022 17:41

Thanks @Andyble. A really enjoyable read! :))

[muscletrade] 17/11/2022 15:52

Good news for a change, what a nice surprise.

[cjac39] 17/11/2022 14:42

most definitely. its amazing really. told the PRA to do one on wholesale FS restructuring and widened enormously the scope of what cashflows can come in. well done to them.

[andyble] 17/11/2022 14:33

This is on the more favourable side of what I was expecting re fundamental spread.

[cjac39] 17/11/2022 13:28

BN 11/17 13:13 *AVIVA: UK SOLVENCY 2 REFORM ALLOWS £25B INVESTMENT OVER 10 YRS
________________________________________
Aviva Plc: Support for Solvency 2 reforms - 17 Nov 2022
2022-11-17 13:09:09.786 GMT

hxxps://www.aviva.com/newsroom/news-releases/2022/11/support-for-solvency-2-reforms/

[smurfy2001] 17/11/2022 12:20

Good news on S2 by the Chancellor.

"Post-Brexit reforms of Solvency II will unlock tens of billions of pounds in investment by UK insurance companies. The reforms will also slash red tape left over from the EU & maintain high standards of customer protection. "

[1robbob] 17/11/2022 09:37

I would have preferred a long term Gilt solution to the debt incurred for Covid, just as in the past has been done for Wars ' say an irredeemable stock as was War Loan and Consols

However, I am very unclear as to who are the natural buyers of Sovereighn Debt
The BoE in its infinite wisdom bought 900bn of Gilts 2008-2022. Similar in other countries operating QE...so the only buyers may well have been the national Central Bank!!!

[muscletrade] 17/11/2022 07:58

Its pathetic. I would suggest reading Ambrose Evans Pritchard Daily Telegraph Piece 15th November. He's not always right but on austerity he is. It never worked for Osborne/Cameron and it won't now either.

[1robbob] 16/11/2022 21:02

I can not believe the sanctemonious comments of the BoE, OBR and the 'New' Government
Most of Truss's errors have already been reversed
Sunak never suggested funding Covid etc pdq
BoE held interst rates artifically low for 14 YEARS then did not see inflation coming!!...brilliant
OBR consistently undervalues infrastructure expenditure
So we are facing a worldwide recession
...what do we do...increase interest rates - raise taxes...cut spending
This is totally nuts
Most euro economies are in far worse shape than us

[pvi1] 16/11/2022 13:25

Accurate assessment

[kasamavic] 16/11/2022 13:15

No one listens to his constant ramping on the Currys thread, so he spends his days spamming the other threads thinking it's going to make a difference to the share price if people listen to him and buy the share in the vain hope he'll get his losses back.

[bothdavis] 16/11/2022 12:33

Be nice....its good to share!

[1robbob] 16/11/2022 12:32

Blackhorse32
So what

[blackhorse23] 16/11/2022 12:13

Bought CURY (LSE) , dividend yield 7% https://www.currysplc.com/investors/results-reports-presentations/

[whatsup32] 13/11/2022 15:44

FT AI is giving insurers godlike powers.

You boys may be interested

[1robbob] 13/11/2022 15:23

Gentleman
Do not forget that by reinstating the increase in Corporation Tax, the Chancellor has ALREADY increased the tax on dividends.
Regardless of whether held in a Pension Fund, ISA or PA - as divs are paid from after tax profits

[1robbob] 13/11/2022 15:19

whatsup32
Media 'gossip' over the last week has predicted a rise in every tax concievable and associated tax bands.
. .No doubt to self congratulate after the event!!
Personally, I think he will rely on fiscal drag for Income Tax and IHT increases