The UK's economic secretary to the Treasury has outlined plans to “slash bureaucracy” by relaxing Solvency II insurance regulation, potentially unlocking growth and billions of pounds of investment in infrastructure.
Reforms to Solvency II being explored by the Prudential Regulation Authority (PRA) risk increased volatility and a material reduction in funds held by UK insurers to withstand shocks, new analysis suggests.
Moody’s Analytics sponsored a roundtable event where experts considered the controversial and complex issue of how to assess climate change’s financial impact – Huw Morris reports
The Pensions Regulator (TPR) has today launched a consultation on a new code of practice for the authorisation and supervision of collective defined contribution (CDC) pension schemes in the UK.
The Bank of England will focus on the soundness of insurers and protection of policyholders while supporting the industry to invest in the UK economy and the green transition, according to its governor Andrew Bailey.
More than three-quarters of UK employers expect pension trustees to consider retiring due to an onslaught of regulatory and legislative change, research by the Association of Consulting Actuaries (ACA) has uncovered.