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People & Social News
'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.
Wednesday 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).
Monday 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.
Thursday 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.
Tuesday 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.
Friday 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.
Thursday 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.
Friday 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.
Thursday 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.
Tuesday 11th August 2015
Employers should not panic over IORP directive proposals
Proposed changes to the Institutions for Occupational Retirement Provision (IORP) directive would make it harder to consolidate pension schemes, consultancy Towers Watson has warned.
Monday 10th August 2015