Regulation Standards

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.

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.

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.

Proposed changes to the Institutions for Occupational Retirement Provision (IORP) directive would make it harder to consolidate pension schemes, consultancy Towers Watson has warned.

Multinational insurers with offices outside the EU will need to define how they are supervised as a group under the Solvency II directive.