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...
07 July 2020
There have been a number of publications regarding climate change recently. We consider the key publication to be the letter on 1 July 2020 from Sam Woods "Managing climate-related financial risk –...
23 June 2020
Under EIOPA's latest Solvency II Taxonomy Roadmap, the (solo) deadlines for the remaining 2020 reference dates are as follows: 2020 Q2 4 August 2020 2020 Q3 4 November 2020 2020 Q4 4 Februar...
22 June 2020
On 11 June, the Joint Forum on Actuarial Regulation (JFAR) issued an updated Risk Perspective identifying 8 ‘hotspots’. The report sets out the collective view of the regulators on risks to high qu...
17 June 2020
The PRA has published the letter sent to participating firms Insurance Stress Test 2019 and Covid-19 stress testing providing feedback for general and life insurers. The announcement of the test wa...
01 June 2020
Summer 2020 GMP Equalisation The guidance issued by HMRC on the tax treatment of GMP equalisation earlier this year has enabled many private sector occupational pension schemes to progress implem...
03 July 2018
In September 2016, the Institute and Faculty of Actuaries (IFoA) launched its Quality Assurance Scheme (QAS), a voluntary accreditation scheme for UK-based firms that employ actuaries. The scheme,...
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