UK Insurance: General (28 November 2016)

OAC Digest
HM Treasury, Non-Life, PRA / Bank of England

28 November 2016

Selected recent UK news items of more general interest: 

The Chancellor of the Exchequer gave his Autumn Statement to Parliament on 23 November.  HMT has published a range of related information including a summary. The announcements included rises in tax thresholds and a rise in the standard rate of IPT to 12% from 1 June 2017.

On 21 November, the PRA announced a consultation on plans to restore the limit of depositor protection provided by the Financial Services Compensation Scheme (FSCS) from £75,000 to £85,000 on 30 January 2017. The PRA considers that a "structural shift in the exchange rate" has occurred following the UK's vote to leave the EU.  (The increase broadly returns the limit to the value of 100,000 euros.) 

David Gray

For more information
David Gray
Consultant Actuary

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26 June 2017

UK Insurance: FCA (26 June 2017)

Selected recent news from the UK's prudential regulator: Appointed Representatives follow up, call for input on access to insurance, cyber security guide and money laundering developments.