A
amsbam1
Member
In the valuation bases chapter, page 26, it states that statutory reserves are effectively undiscounted.
Is this now out of date? As, solvency 2 allows reserve discounting.
Also, does the implementation of solvency 2 change how discounting is done for companies act accounts? Or are they still driven by the company acts and SORP?
Is this now out of date? As, solvency 2 allows reserve discounting.
Also, does the implementation of solvency 2 change how discounting is done for companies act accounts? Or are they still driven by the company acts and SORP?