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...
![Suitability of [DB] Pension Transfer Advice](/media/1019/istock000069288285large.jpg?anchor=center&mode=crop&width=350&height=260&rnd=131003633030000000)
10 October 2020
Since the introduction of pensions freedoms in April 2015, consumers have more options available to access their pensions. Furthermore, recent changes in the financial environment have pushed trans...
30 June 2020
Technical Information and Relevant Currencies On 30 June, the PRA published "Consultation Paper CP5/20 Solvency II technical information: The PRA’s proposed approach to the publication at the end...
25 June 2020
In keeping with managing the burden on firms' resources, the PRA considers that the existing Regulatory Supervisory Report (RSR) cycle will continue. Effectively, in terms of future submissions, wh...
24 June 2020
The statement made by Rishi Sunak, The Chancellor of the Exchequer, on 23 June 2020 included the following in respect of Solvency II and insurers: The Government also plans to bring forward a rev...
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...
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 require...
"OAC supplied an excellent, professional service in checking financial promotions, always meeting demanding deadlines."
