PRA warns insurers on shareholder payouts and remuneration
The Prudential Regulation Authority has warned insurers to “pay close attention” to protecting policyholders and supporting the economy when considering how profits are dished out.
Sam Woods, pictured, Bank of England deputy governor and PRA CEO, yesterday wrote a Dear CEO letter to UK insurers to remind them to manage resources prudently.
Woods said: “When UK insurers’ boards
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