Regulatory Alerts2016-10-17
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Ministerial Decision of 22 September 2016 fixing the maximum reference interest rate for long-term life assurance operations
The Belgian Minister of Economy maintains the maximum technical interest rate for long-term life assurance contracts at 2%, rejecting the National Bank of Belgium's proposal to set it at 0.75%. This decision ensures that insurance companies can meet the 1.75% minimum yield guarantee required for supplementary pension contributions invested in branch 21 life insurance, thereby preserving the viability of group pension schemes and maintaining a necessary margin between minimum pension rates and maximum life assurance rates.
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