17 June 2021
In her speech of 15 June 2021, Anna Sweeney, PRA’s Insurance Executive Director, gave notice of a data gathering exercise to inform possible reform of the Solvency II regime. The QIS will be released over the summer and the regulator seeks high-quality data within a period of around 3 months. This will require significant resource from firms. Participation is voluntary although the PRA “will be writing to a variety of firms in each sector strongly encouraging them to participate”. Anna S...
08 July 2021
FCA, PRA and Bank of England have set out their plans to improve diversity and inclusion in the financial services sector in a new discussion paper, DP21/2: Diversity and inclusion in the financial...
08 July 2021
The PRA have today (July 8th) released their proposed changes to the Solvency II regime in respect of reporting requirements and expectations [CP11/21 'Review of Solvency II: Reporting (Phase 1) (b...
07 July 2021
On 1 July 2021, the UK government published responses to the call for evidence as part of the Solvency II review. The review is being undertaken, following the UK’s withdrawal from the EU at the e...
06 July 2021
Update to Redress Guidance FG17/9 On 3 March 2021, the FCA announced that it would be issuing updated guidance on how to calculate redress for unsuitable Defined Benefit transfers. The updated gui...
05 July 2021
Today the FCA published PS21/8: Regulation of funeral plans - Feedback to CP21/4 and final rules | FCA. The FCA has set out the final rules for how they will regulate all funeral plans, including s...
30 June 2021
Climate-related financial disclosures On 22 June 2021, the FCA published CP21/17, their consultation on proposals to introduce climate-related financial disclosure rules and guidance for asset man...
"Our experience of working with OAC has shown them to be both professional and pragmatic. We are more than satisfied with the work OAC have done for the Society and the solutions they have provided. We would not hesitate to recommend OAC's services to others."
