11 May 2018
The process of creating compliant financial promotion and marketing materials isn't straightforward. Firms have to balance their sales message (what they want to say) with strict regulatory requirements to disclose key product and company information and not to mislead the customer (what they have to say, what they can say and how to say it). This can be a particular challenge when explaining the complexities of some financial products. Drawing upon OAC's experience of checking financial pro...
16 April 2018
On 11 April 2018, the PRA announced its consultation on the removal of the external audit requirement for "small firms" from 15 November 2018. Currently, Solvency II firms require an external audit...
12 April 2018
This article follows on from our previous article about implementing the Insurance Distribution Directive (IDD) which concentrated on the issues surrounding complex and non-complex products, wherea...
14 March 2018
We are sure you already know that the implementation of the Insurance Distribution Directive (IDD) has been delayed until later this year, and, like us, have welcomed that. The European Parliament...
06 March 2018
In January, the PRA announced it consultation (CP2/18) into a number of reporting changes to “reduce the burden” on Solvency II firms. This consultation closes on 13 April 2018. The purpose of this...
19 January 2018
OAC attended the Association of Financial Mutual's (AFM) Regulation Committee Meeting in January where it discussed, with the FCA, the implementation of the Insurance Distribution Directive (IDD)....
13 December 2017
In November 2017 the PRA issued Consultation Paper CP23/17 "Financial Management and Planning by Insurers". The purpose of this paper was to publish a draft Supervisory Statement ("SS") on this top...
"OAC supplied an excellent, professional service in checking financial promotions, always meeting demanding deadlines."
