5
Investment strategy of with-profits funds
5.1
When setting an investment strategy for a with-profits fund, the PRA expects firms to take into account any regulatory requirements, including:
(a) for Solvency II firms, the prudent person principle set out in Article 132 of the Solvency II Directive and RFF requirements in the Solvency II Regulations, and for non-Directive firms any PRA-designated rules in prudential sourcebooks;
(b) financial resources requirements and the availability of capital resources;
(c) any applicable conduct rules and guidance issued by the FCA; and
(d) any communication to policyholders in compliance with the relevant FCA conduct rules.
- 20/03/2015