24 February 2023
This edition covers Market Update PS22/13 “Calculating redress for non-compliant pension transfer advice” PS22/14 “Consumer redress scheme for unsuitable advice to transfer out of the British Steel Pension Scheme” Link to newsletter
02 December 2022
On 28 November 2022, the FCA issued Policy Statement PS 22/13 "Calculating redress for non-compliant pension transfer advice". This formalises many of the proposals contained in the consultation...
28 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 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...
03 May 2022
Consumer redress scheme for unsuitable advice to transfer out of the British Steel Pension Scheme Executive Summary and Context OAC plc is an actuarial consultancy. Our redress solutions team a...
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 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...
"Our relationship with OAC started approximately a year before the Solvency II regime went live and we have since been using Mo.Net software for Solvency II purposes, to calculate our best estimate liabilities, capital requirements and projected cash flows. In the beginning we had to become familiar with the software and we had lots of questions. OAC staff helped us navigate these with ease, and indeed pre-empted many questions and issues for us.
During our ongoing relationship with OAC, we have upgraded our Mo.net capabilities to meet the changing needs of our business, with these including support for our IFRS 17 implementation."
