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...
24 September 2021
The combination of rising energy and consumer goods prices is a blow to a vast number of people. David Gray, Consultant Actuary, suggests insurance providers carefully consider the implementation o...
13 September 2021
Any firm that provides or has historically provided financial advice in relation to the transfer of Defined Benefit (DB) pensions is exposed to the risk that this advice could, in future, be deemed...
24 August 2021
The recent Financial Conduct Authority (FCA) guidance on the fair treatment of vulnerable customers (FG21/1) could not be more relevant as the impact of the pandemic continues to be felt across soc...
05 August 2021
If you’ve ever had a FOS decision letter requiring you to compensate an investor for unsuitable advice to transfer out of a Defined Benefit Scheme, you may have noticed a reference to a “SERPS adju...
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...
"OAC’s actuaries provided an independent review of our research into investment strategies for retirement savings. Their specialist expertise and diligence in reviewing our work allowed for an appropriate level of challenge to our methodology and strengthened conviction in our conclusions."
