Melville is a keen advocate of Solvency II reform in the UK that includes easing the standard Solvency Capital Requirement for real estate:
Melville asserts:
- Reform could free up insurers to help meet levelling-up ambitions
- Institutional real estate investors’ entrepreneurial DNA has much to contribute with investments in productive capital throughout the cycle: a win-win with government that enhances policyholder protection by increasing investment into such capital and makes opportunities more equal across the UK.
- The real estate industry must prioritise campaigning for this Solvency II reform.
- Government, please listen, progress with the PRA and enable the industry to make this contribution – and deliver on the package of Solvency II reforms, that includes easing of the SCR for real estate, sooner than later.