PET - Plain English Taxonomy

Label: Financial Risk Management Capital Investment Linked Business Amount
TREF ID: DE5185
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
Report the value of the investment linked business reserve determined in accordance with the management capital standard.This is determined as 0.25% of the greater of the Policy Liability value in respect of investment linked business (as determined in accordance with the assumptions of the solvency standard) or the Minimum Termination Value (MTV) of investment linked business.MTV is the amount that the reporting party is obliged to pay to policyholders if they decided to voluntarily terminate their policies at the relevant date. The obligation might be contractual, statutory or a result of past practice. Calculated as the greater of: a) the lowest Termination Value that the reporting party is obliged to pay; and b) the amount calculated in accordance with the Surrender Value Standard. 

Usage
Form Labels
Label:
Guidance:
Investment-Linked Business Reserve
Report this item only for Friendly Societies.