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Annuity profits and RITC top concerns in UK's IFRS 17 endorsement
09 March 2022Despite overall support for adoption of IFRS 17, the UK Endorsement Board has received pushback from some stakeholders over a handful of issues. Cintia Cheong reports on the concerns
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RITC issues will not stop UK's assessment of IFRS 17
18 February 2022UKEB makes no objection to new endorsement timeline
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UK likely to delay IFRS 17 endorsement another month
11 February 2022Discussion about profit recognition for annuities delays proceedings
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UK insurer calls for IFRS 17 carve out if annuity ruling disappoints
04 February 2022All eyes on IFRS Interpretations Committee discussions about CSM allocation
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Lloyd's RITC deals cause last-minute hitch to UK's IFRS 17 endorsement
21 January 2022UKEB endorsement decision likely on 25 March
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IFRS 17: one year to go
14 December 2021Cintia Cheong summarises this year's important developments, and what to expect in the 12 months before the insurance contracts accounting standard comes into effect
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UK should stick with IASB's version of IFRS 17, says Aviva's Clube
19 November 2021Any country-specific issues should be addressed by international board
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UK tentatively approves IFRS 17
12 November 2021Predicts implementation costs of £1.2bn for UK insurers
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Baroness Bowles questions UKEB over "true and fair" assessment
05 November 2021Accounting standard endorsement body won't challenge established views, says UK peer
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UK annuity writers await crucial paper on IFRS 17 profit recognition
13 October 2021Cintia Cheong reports on how insurers and auditors are under pressure to reach a consensus on applying IFRS 17 to annuities - a decision that could seriously impact insurers' balance sheets