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People & Social News
Risk & ERM
European actuaries adopt new model standard ESAP2
The Actuarial Association of Europe (AAE) has adopted its second European Standard of Actuarial Practice (ESAP2), on Actuarial report under Solvency II.
5th February 2016
'Rip-off' pension exit fees to be capped, says chancellor
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.
20th January 2016
Life insurers need to know customers' tax status
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).
4th January 2016
TPR research on public service pensions reveals some concerns
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.
10th December 2015
A third of insurers will change team structure under Solvency II
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.
20th October 2015
EIOPA outlines three risk areas for firms under Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) has outlined three key challenges insurers face under Solvency II.
11th September 2015
'Solvency II could push up pension buyout cost by 10%'
The new regulatory regime, Solvency II, could add up to 10% to pension buyout deals, according to PwC.
27th August 2015
UK life insurers 'on track' on capital positions under Solvency II
Major UK life insurers appear to report strong capital positions under Solvency II, according to Fitch Ratings.
21st August 2015
PRA guidance puts down 'clear marker' on Solvency II responsibilities
The senior managers insurance regime (SMIR) is a clear marker that staff will need to demonstrate the steps they took to meet regulatory requirements, according to a lawyer.
13th August 2015
PRA sets instructions on reporting and public disclosure under Solvency II
The Prudential Regulation Authority (PRA) has published its expectations on supervisory reporting and public disclosure for firms within the scope of the Solvency II directive.
11th August 2015