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Subscribe nowNBS given formal recommendation to improve its supervision of one insurer
Aviva says material issues remain in improving matching adjustment
ACLI submits 41-page document to outline concerns
The government has grabbed positive headlines with its proposals to reform Solvency II, but the industry is cautious about the how they will pan out. Cintia Cheong reports
Asset eligibility rules also appreciably loosened under proposals
PRA outlined its response this morning
Without the matching adjustment, 11 UK life firms' solvency coverage dropped below 100%
The new and amended guidelines will be applicable from 1 January 2023
Paul Walsh sits down with PIC's CRO Giles Fairhead to reflect on today's heightened risk environment, the post-pandemic work culture and two crucial regulatory reforms for the UK's pension insurers