Regulation Standards

Some 80% of chief financial officers (CFOs) and financial directors (FDs) have reported a fault with their planning processes when filling their solvency returns for the first time, according to research.

A flat rate on pensions tax relief is likely to affect Britain’s 4.7 million self-employed, according to the TaxPayer’s Alliance (TPA).

The Actuarial Association of Europe (AAE) has adopted its second European Standard of Actuarial Practice (ESAP2), on “Actuarial report under Solvency II”.

The UK government has announced plans to cap “excessive charges” for people wanting to access their pensions and appointed the Financial Conduct Authority (FCA) to take up the task.

Insurers and financial advisers are required to know the tax information of their customers, according to guidance published by the Association of British Insurers (ABI) and the Association of Professional Financial Advisers (APFA).

The Pensions Regulator (TPR) has warned public service pension schemes to improve their standards of governance, following investigation on how schemes meet their legal duties.

Some 35% of insurance companies have changed or plan to change their team structure as a direct result of the Solvency II directive, according to preliminary results from a survey.

The European Insurance and Occupational Pensions Authority (EIOPA) has outlined three key challenges insurers face under Solvency II.

The new regulatory regime, Solvency II, could add up to 10% to pension buyout deals, according to PwC.

Major UK life insurers appear to report strong capital positions under Solvency II, according to Fitch Ratings.