UK Insurance: General (14 March 2017)

OAC Regulatory Newsletter
HM Treasury, Life insurance, Non-Life

14 March 2017

Selected recent UK news items of more general interest: 

Spring Budget 2017 was presented by the Chancellor of the Exchequer to Parliament on 8 March. At the same time the Office for Budget Responsibility (OBR) published updated forecasts in its economic and fiscal outlook. The House of Commons Library has published a briefing paper containing a summary of the budget and the OBR's forecasts. The Government Actuary's Department (GAD) also published a bulletin considering a number of the announcements including the reduction in the personal injury discount rate and forthcoming changes to Insurance Premium Tax. The Spring Budget in full is available online

On 2 March, the Information Commissioner’s Office (ICO) published a consultation on their draft guidance on consent under the General Data Protection Regulation (GDPR). The consultation closes on 31 March 2017 and the ICO aim to publish guidance in May.



David Gray

For more information
David Gray
Consultant Actuary

< Back to News & insight


28 November 2022

Regulatory Update - November 2022

In this edition Solvency UK Consumer Duty The PRA’s Future Approach to Policy The FCA’s expectations on the cost of living and insurance Who’s Concentrating? Speech by Charlotte Gerken Revi...

27 September 2022

Regulatory Update - September 2022

In this edition• Getting to grips with Consumer Duty• Product oversight and governance• Climate change activity• Managing systemic risks posed by third parties• Cyber risk• Financial services and m...

27 July 2022

Regulatory Update - July 2022

Our latest regulatory update for July 2022 is out now!   In this edition we cover   • Solvency II review: changing insurance regulations to work better for the UK• Policy statement: critical th...