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Impact of PSR and other financial rules on ownership
An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
United Kingdom | Publication | January 2025
The high demand in recent years for DB pension scheme risk transfer solutions means there has been rapid growth in the bulk annuity purchase market across the UK life sector.
As a result, on January 9, 2025, the Prudential Regulation Authority of the Bank of England outlined its 2025 priorities in a communication to UK life firms.
It urges them to “proactively manage in a prudent manner their capacity to support growth in the [bulk purchase annuity] business, and to ensure that high levels of competition... do not weaken firms' pricing discipline and incentivise weaker risk management standards”.
The PRA previously consulted on these issues in 2023, setting out its proposals in respect of life firms entering into or holding funded reinsurance arrangements as cedants.
The PRA will continue this focus on funded reinsurance over the coming year, and it encourages firms that do not fully meet its supervisory expectations to “make rapid progress in addressing gaps identified”.
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An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
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Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
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Now in its third year, our Global M&A Trends and Risks report, published in partnership with Mergermarket, captures insights from senior dealmakers across the world on the key risks and opportunities shaping mergers and acquisitions (M&A) deal activity in 2025.
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