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Enhanced Capital Requirement
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Background
Life Assurance with profits firms now have the choice of using the Enhanced Capital Requirement approach to calculating regulatory reserving requirements.
If the with profits firm has assets fo over 500 million the firm has to use the Enhanced Capital Requirements approach. If not they can opt to do so.
Why would firm use the Enhanced Capital Approach
Firms can save on the amount of reserves they have to hold over the Interim Prudential Sourcebook Gross Premium method of calculating mathematical reserves.
Please use the sub sections links on the left or the content links to find out more about Enhanced Capital Requirement.